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There are several candidate explanations for macro-fluctuations. Two of the most common discussed sources are surprise changes in disembodied technology and monetary innovations. Another popular explanation is found under the heading of a preference or more generally a demand shock. More...
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There are several candidate explanations for macro-fluctuations. Two of the most common discussed sources are surprise changes in disembodied technology and monetary innovations. Another popular explanation is found under the heading of a preference or more generally a demand shock. More...
Persistent link: https://www.econbiz.de/10012454968
sector and justifies why we can conceive of a macroeconomics of agriculture . The primary sector is characterized by product … finite and whose productivity cannot be individually infinitely increased. Given these features, we expect macroeconomic … — from agriculture to the rest of the economy — forward linkages — from the macroeconomy and the international economy to …
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This chapter reviews and synthesizes our current understanding of the shocks that drive economic fluctuations. The chapter begins with an illustration of the problem of identifying macroeconomic shocks, followed by an overview of the many recent innovations for identifying shocks. It then...
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