An inflationary demand shock increases employment above the supply-side equilibrium, and therefore introduces a bargaining gap which raises inflation. An ...
We decompose the contribution of demand and supply shocks to output and inflation fluctuations and highlight the large supply and demand shocks present dur- ing ...
A demand shock is a sudden change in the demand for goods or services given the same supply. What Is a Demand Shock? · Understanding a Demand Shock · Examples