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Business Cycles and Production Networks
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2019 (English)Report (Other academic)
Abstract [en]

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.

Place, publisher, year, edition, pages
Uppsala University, 2019. , p. 34
Series
Working paper / Department of Economics, Uppsala University (Online), ISSN 1653-6975 ; 2019:6
Keywords [en]
Production Networks, Micro to Macro, Aggregate Volatility, Sectoral Distortions
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:uu:diva-388335OAI: oai:DiVA.org:uu-388335DiVA, id: diva2:1332579
Available from: 2019-06-28 Created: 2019-06-28 Last updated: 2019-07-01Bibliographically approved

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CiteExportLink to record
Permanent link

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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf