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the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10011305281
Persistent link: https://www.econbiz.de/10011308042
the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10011491706
Persistent link: https://www.econbiz.de/10011409480
Persistent link: https://www.econbiz.de/10011977040
the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10013002722
the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10013019498
the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate …, capturing the fact that the local propagation of a shock to an industry will fall more heavily on other industries that tend to …
Persistent link: https://www.econbiz.de/10012457324
This paper argues that in the presence of intersectoral input-output linkages, microeconomic idiosyncratic shocks may lead to aggregate fluctuations. In particular, it shows that, as the economy becomes more disaggregated, the rate at which aggregate volatility decays is determined by the...
Persistent link: https://www.econbiz.de/10009489113
Persistent link: https://www.econbiz.de/10009665479