In this paper, we study the relative importance of demand and technology shocks in generating business cycle fluctuations, both at the aggregate level and at the level of individual industries. We construct a New Keynesian DSGE model that is highly disaggregated at the industry level with an...

The aim of this paper was to determine the economic impact of the transportation sector on the Croatian economy by using input-output analysis. According to the input-output tables for the Croatian economy for 2004, 2010, 2013, and 2015, output and gross value-added multipliers were calculated....

The Visegrád economies have been hit hard by the COVID-19 pandemic, especially its second wave. In response, macroeconomic policies have been markedly relaxed, with fiscal stimulus packages reaching up to 14% of GDP in Poland and Czechia. The projected recovery of the Visegrád economies from...

This paper studies the automotive supply chain in four European countries (Germany, France, UK and Italy). First, employing WIOD data (Timmer et al., 2015)processed via Trade-SCAN (Román et al., 2019), we decompose the domestic and imported inputs of production, focusing on the region and...

The paper provides an ex-post analysis of the determinants of within-country regional heterogeneity of the labour market impact of COVID-19. By focussing on the first wave of the pandemic in the four largest euro area economies, it finds that the propagation of the economic impact across regions...

The unprecedented lockdown measures implemented by many countries in the wake of the COVID-19 pandemic have created a need for tools to assess their economic costs. For this purpose, we present a novel dynamic input-output modelling framework which we apply to an estimation of the economic...