Showing 11 - 20 of 225
Persistent link: https://www.econbiz.de/10010485562
the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i …-output relations) and aggregate volatility, and more importantly, the relationship between higher-order interconnections and aggregate … volatility. These higher-order interconnections capture the cascade effects, whereby low productivity or the failure of a set of …
Persistent link: https://www.econbiz.de/10008738431
the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i …-output relations) and aggregate volatility, and more importantly, the relationship between higher-order interconnections and aggregate … volatility. These higher-order interconnections capture the cascade effects, whereby low productivity or the failure of a set of …
Persistent link: https://www.econbiz.de/10012462141
Persistent link: https://www.econbiz.de/10011347414
the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i …-output relations) and aggregate volatility, and more importantly, the relationship between higher-order interconnections and aggregate … volatility. These higher-order interconnections capture the cascade effects, whereby low productivity or the failure of a set of …
Persistent link: https://www.econbiz.de/10013136361
aggregate volatility decays is determined by the structure of the network capturing such linkages. Our main results provide a …, but also indirectly to the rest of the economy. Our results highlight that sizable aggregate volatility is obtained from …
Persistent link: https://www.econbiz.de/10009351454
the supply network determine both whether aggregate volatility disappears as the number of sectors increases (i …-output relations) and aggregate volatility, and more importantly, the relationship between higher-order interconnections and aggregate … volatility. These higher-order interconnections capture the cascade effects, whereby low productivity or the failure of a set of …
Persistent link: https://www.econbiz.de/10008695044
aggregate volatility decays is determined by the structure of the network capturing such linkages. Our main results provide a …, but also indirectly to the rest of the economy. Our results highlight that sizable aggregate volatility is obtained from …
Persistent link: https://www.econbiz.de/10010851431
We document that even though the normal distribution is a good approximation to the nature of aggregate fluctuations, it severely underpredicts the frequency of large economic downturns. We then provide a model that can explain these facts simultaneously. Our model show that the propagation of...
Persistent link: https://www.econbiz.de/10011123646
We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers and in which the hiring process is time-consuming as well as costly. We follow Stole and Zwiebel (1996a,b) and assume that wages are determined by continuous bargaining between...
Persistent link: https://www.econbiz.de/10010934644