Arbeitspapier
Business cycles and production networks
Where do business cycles originate? The traditional view is that a business cycle is the result of shocks correlated across sectors. This view is complemented by a recently emerging literature showing that idiosyncratic shocks to large or highly interconnected sectors contribute to aggregate variation. This paper addresses the relative empirical importance of these two channels of business cycle variation. Results indicate that up to one-third of the business cycle is driven by idiosyncratic productivity variation together with network amplifications.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2019:6
- Klassifikation
-
Wirtschaft
- Thema
-
Production Networks
Micro to Macro
Aggregate Volatility
Sectoral Distortions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Olsson, Maria
- Ereignis
-
Veröffentlichung
- (wer)
-
Uppsala University, Department of Economics
- (wo)
-
Uppsala
- (wann)
-
2019
- Handle
- URN
-
urn:nbn:se:uu:diva-388335
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Olsson, Maria
- Uppsala University, Department of Economics
Entstanden
- 2019
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