Global intersectoral production network and aggregate fluctuations
Sign Up to like & getrecommendations! Published in 2021 at "Economic Modelling"
DOI: 10.1016/j.econmod.2021.105577
Abstract: Abstract Sectoral shocks compound via intersectoral production networks into sizable aggregate effects. Current evidence of this mechanism has relied on country-specific data using classical estimation methods. We extend this literature to account for the cross-country… read more here.
Keywords: production network; intersectoral production; global intersectoral; production ... See more keywords
News and Financial Intermediation in Aggregate Fluctuations
Sign Up to like & getrecommendations! Published in 2017 at "Review of Economics and Statistics"
DOI: 10.1162/rest_a_00612
Abstract: Abstract An important disconnect in the news view of fluctuations is the lack of consistent evidence suggestive of significant macroeconomic effects of news shocks. Findings from estimated DSGE models that in theory allow news shocks… read more here.
Keywords: news shocks; news; news financial; intermediation aggregate ... See more keywords