Identifying Aggregate Supply And Demand Shocks In South Africa
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The standard Blanchard-Quah (BQ) decomposition forces aggregate demand and supply shocks to be orthogonal. However, this assumption is problematic for a nation
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Pages: 32
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Type: BOOK - Published: 2011-08-25 - Publisher: International Monetary Fund
This paper provides an assessment of the South African potential output for the period 1985-2010 by applying both structural and nonstructural estimation techni
