The dynamic effects of aggregate demand and supply disturbances: reply
Article Abstract:
The conclusions of Marco Lippi and Lucrezia Reichlin in a 1993 study offer some contributions to the interpretation of VARs, but they also present some problems. The results of studies on the disturbances in supply and demand can potentially be changed by the use of non-fundamental representations by Lippi and Reichlin. However, the main points of the study of Lippi and Reichlin are valid and can be applied to the practice of macroeconometrics.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
The flow approach to labor markets
Article Abstract:
Macroeconomists should focus on only those factors that are keys to the understanding of aggregate evolutions when studying labor markets. A new approach to labor markets is based on the flows of workers and jobs. The components of the labor-market model include specifications of the hiring process, the determination of wages and the demand for labor based on flows of job creation and destruction.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Social security
Article Abstract:
A retirement income system designed with perfect tax benefits, and trust fund assets is explained. Topics like labor incentives and lifetime income distribution are discussed.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The effects of rate regulation on demand for supplemental health insurance. Simultaneous model of innovation, secrecy, and patent policy
- Abstracts: On the dynamic efficiency of Bertrand and Cournot equilibria. Product differentiation in a Bertrand-Edgeworth duopoly
- Abstracts: The distorting effect of the prudent-man laws on institutional equity investments. Following the leader: a study of individual analysts' earnings forecasts
- Abstracts: Indeterminacy, aggregate demand and the real business cycle. Heterogeneous forecasts and aggregate dynamics
- Abstracts: Fundamental sources of long-run growth. Economic transition and the exchange-rate regime. Privatization in Russia: some lessons from Eastern Europe