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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
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Networks and the macroeconomy : an empirical exploration
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2015
through the input-output network, with a pattern broadly consistent with theory. Quantitatively, the network-based propagation …
Persistent link: https://www.econbiz.de/10011305281
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Networks and the macroeconomy : an empirical exploration
Acemoglu, Daron; Akcigit, Ufuk; Kerr, William R. - 2015
through the input-output network, with a pattern broadly consistent with theory. Quantitatively, the network-based propagation …
Persistent link: https://www.econbiz.de/10011491706
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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 micro-economic 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/10013079041
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The Network Origins of Aggregate Fluctuations
Acemoglu, Daron; Carvalho, Vasco M.; Ozdaglar, Asuman E.; … - 2012
This paper argues that, in the presence of intersectoral input–output linkages, microeconomic idiosyncratic shocks may lead to aggregate fluctuations. We show that, as the economy becomes more disaggregated, the rate at which aggregate volatility decays is determined by the structure of the...
Persistent link: https://www.econbiz.de/10014042387
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A theory of macroeconomic regime switches
Acemoglu, Daron; Scott, Andrew - 1991
Persistent link: https://www.econbiz.de/10000130909
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When Does Policy Reform Work? the Case of Central Bank Independence
Acemoglu, Daron - 2008
these ideas by looking at the effect of central bank independence on inflation. The evidence is consistent with the notion … that central bank reforms have reduced inflation in societies with intermediate constraints and have had no or little … with the seesaw effect, in countries where central bank reforms reduce inflation, government expenditure tends to increase …
Persistent link: https://www.econbiz.de/10012771805
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When Does Policy Reform Work? The Case of Central Bank Independence
Acemoglu, Daron - 2008
these ideas by looking at the effect of central bank independence on inflation. The evidence is consistent with the notion … that central bank reforms have reduced inflation in societies with intermediate constraints and have had no or little … with the seesaw effect, in countries where central bank reforms reduce inflation, government expenditure tends to increase …
Persistent link: https://www.econbiz.de/10012464613
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Fast and Slow Learning from Reviews
Acemoglu, Daron - 2017
This paper develops a model of Bayesian learning from online reviews, and investigates the conditions for asymptotic learning of the quality of a product and the speed of learning under different rating systems. A rating system provides information about reviews left by previous customers. A...
Persistent link: https://www.econbiz.de/10012942715
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Fast and slow learning from reviews
Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - 2017
Persistent link: https://www.econbiz.de/10011780401