has examined complementarities in production, we propose that sectors make similar input decisions because of … complementarities in information acquisition. Because information about driving forces has a high fixed cost of production and a low … correlated production choices. This mechanism amplifies the effects of common shocks, relative to sectoral shocks. …

productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … each paying the full production cost to forecast their sector-specific productivity. Sectors with common, aggregate … information make highly correlated production choices. By filtering out sector-specific shocks and transmitting aggregate ones …

productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity …

productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity …