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The Network Origins of Large Economic Downturns

Acemoglu, Daron - 2013

This paper shows that large economic downturns may result from the propagation of microeconomic shocks over the input-output linkages across different firms or sectors within the economy. Building on the framework of Acemoglu et al. (2012), we argue that the economy's input-output structure can...

Persistent link: https://www.econbiz.de/10013078828

Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth

Acemoglu, Daron; Thaicharoen, Yunyong; Johnson, Simon - 2021

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

Persistent link: https://www.econbiz.de/10013224669

Import Competition and the Great U.S. Employment Sag of the 2000s

Acemoglu, Daron - 2014

-level approaches to estimate the size of (a) employment losses in directly exposed manufacturing industries, (b) employment effects in … indirectly exposed upstream and downstream industries inside and outside manufacturing, and (c) the net effects of conventional …

Persistent link: https://www.econbiz.de/10013048616

Return of the Solow Paradox? It, Productivity, and Employment in U.S. Manufacturing

Acemoglu, Daron - 2014

-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT …-intensive industries depending on the exact measures, though not since the late 1990s. Most challenging to this paradigm, and our … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …

Persistent link: https://www.econbiz.de/10013060261