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aggregate shock in a sentence


1) D. forecasting aggregate supply shocks . 13.

aggregate collocations
2) The extent to which such confusion occurs is related to the volatility of relative and aggregate demand shocks .

3) A third modification is to introduce an explicit private-sector aggregate demand shock and to eliminate the random component of monetary growth.



aggregate shock example sentences

4) If the aggregate demand shock is positive, then real output will rise above its natural level; if it is negative it will fall below it.

5) This equation states that in the absence of any aggregate demand shock (that is, if v t is zero), output will equal its natural level, ,.

6) Now imagine that the authorities followed a simple rule linking the money supply in period t to the aggregate demand shock in period .

7) Now assume a simple aggregate demand function of the following form: where m t is the logarithm of the money supply in period t; and v t is an aggregate demand shock .

8) Further influences on demand are a relative demand shock, and a private-sector aggregate demand shock , t which is assumed to follow the process shown in equation (5.3).

9) For example, if &ggr; 1 is -1 then a positive aggregate demand shock in period t, will imply expected values for and for lower, ceteris paribus, by an amount - t .

10) In such circumstances agents do not have to concern themselves with whether an unexpectedly high price in period t is due to a relative or aggregate demand shock .

11) This is, of course, because, in the absence of aggregate demand shocks , any unexpectedly high price must be due to a relative demand shock.

12) Similarly, an unexpectedly low price will be attributed partly to a negative aggregate demand shock and partly to a negative relative demand shock.

13) In many macroeconomic models, aggregate supply shocks are assumed to be exogenous-and specifically as outside the range of influence of monetary policy.



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