Unanticipated movements in aggregate demand and the business cycle. Results from variance decompositions

Leonardo Leiderman

doi:10.1016/0165-1765(79)90159-9

Unanticipated movements in aggregate demand and the business cycle. Results from variance decompositions

Leonardo Leiderman^*

^*Corresponding author for this work

School of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

What fraction of the variance in real economic activity over the business cycle is attributable to the variance of unanticipated movements in aggregate demand? This note reports calculations, based on a previous contribution by Lucas, aimed at answering this controversial question.

Original language	English
Pages (from-to)	125-129
Number of pages	5
Journal	Economics Letters
Volume	2
Issue number	2
DOIs	https://doi.org/10.1016/0165-1765(79)90159-9
State	Published - 1979

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abstract = "What fraction of the variance in real economic activity over the business cycle is attributable to the variance of unanticipated movements in aggregate demand? This note reports calculations, based on a previous contribution by Lucas, aimed at answering this controversial question.",

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Unanticipated movements in aggregate demand and the business cycle. Results from variance decompositions

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