. The model predicts that a credit supply shock can generate large comovements between the house price and the price …

. Using sectoral output and employment data, relative prices and relative productivities are calculated for China, Indonesia …

We study stock returns over the period of the global financial crisis of 2007-2008 and identify three crisis "shock …, and (3) selling pressure on firms' equity. All three of these "shock factors" are reflected in large and statistically … of the importance of each of the shock factors tracks related changes in the global economic environment …

power for aggregate manufacturing investment growth fluctuations. In a second step, we use these determinants to identify … investment and output growth fluctuations (as much as approximately two thirds in both cases) is explained by aggregate demand …

The Covid-19 crisis is an unusual and seemingly all-encompassing economic shock. On the one hand, it was unquestionably … a negative demand shock that, for fixed prices and incomes, reduced household spending. On the other hand, it was also … unquestionably a negative supply shock that reduced firms' ability to maintain production at pre-pandemic prices and quantities …

shock, while losses in the tradable sector are distributed uniformly across all counties. We find exactly this pattern from …

supply shocks are possible, under some conditions. A 50% shock that hits all sectors is not the same as a 100% shock that …

regarding aggregate productivity. The shock to this public signal, or quot;news shock,quot; has the features of an aggregate … demand shock: it increases output, employment and inflation in the short run and has no effects in the long run. The dynamics … of the economy following an aggregate productivity shock are also affected by the presence of imperfect information …