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A theory of macroeconomic regime switches

Acemoglu, Daron; Scott, Andrew - 1991

Persistent link: https://www.econbiz.de/10000130909

The network origins of aggregate fluctuations

Acemoglu, Daron; Carvalho, Vasco M.; Ozdaglar, Asuman E.; … - 2011

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

Robust comparative statics in large dynamic economies

Acemoglu, Daron; Jensen, Martin Kaae - In: Journal of political economy 123 (2015) 3, pp. 587-640

Persistent link: https://www.econbiz.de/10011283132

Networks and the macroeconomy : an empirical exploration

Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2015

the direct impact of a shock and the magnitudes of the downstream and the upstream indirect effects. We then investigate … through the input-output network, with a pattern broadly consistent with theory. Quantitatively, the network-based propagation …, 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