Networks and the Macroeconomy: An Empirical Exploration
How small shocks are amplified and propagated through the economy to cause sizable fluctuations is at the heart of much macroeconomic research. Potential mechanisms that have been proposed range from investment and capital accumulation responses in real business-cycle models (e.g., Kydland and Presc...
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| Format: | Article |
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University of Chicago Press
2018
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| Online Access: | http://hdl.handle.net/1721.1/114157 https://orcid.org/0000-0003-0908-7491 |
| _version_ | 1826216079667494912 |
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| author | Akcigit, Ufuk Kerr, William Acemoglu, K. Daron |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Akcigit, Ufuk Kerr, William Acemoglu, K. Daron |
| author_sort | Akcigit, Ufuk |
| collection | MIT |
| description | How small shocks are amplified and propagated through the economy to cause sizable fluctuations is at the heart of much macroeconomic research. Potential mechanisms that have been proposed range from investment and capital accumulation responses in real business-cycle models (e.g., Kydland and Prescott 1982) to Keynesian multipliers (e.g., Diamond 1982; Kiyotaki 1988; Blanchard and Kiyotaki 1987; Hall 2009; Christiano, Eichenbaum, and Rebelo 2011); to credit market frictions facing firms, households, or banks (e.g., Bernanke and Gertler 1989; Kiyotaki and Moore 1997; Guerrieri and Lorenzoni 2012; Mian, Rao, and Sufi 2013); to the role of real and nominal rigidities and their interplay (Ball and Romer 1990); and to the consequences of (potentially inappropriate or constrained) monetary policy (e.g., Friedman and Schwartz 1971; Eggertsson and Woodford 2003; Farhi and Werning 2013). |
| first_indexed | 2024-09-23T16:41:40Z |
| format | Article |
| id | mit-1721.1/114157 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T16:41:40Z |
| publishDate | 2018 |
| publisher | University of Chicago Press |
| record_format | dspace |
| spelling | mit-1721.1/1141572022-10-03T07:40:13Z Networks and the Macroeconomy: An Empirical Exploration Akcigit, Ufuk Kerr, William Acemoglu, K. Daron Massachusetts Institute of Technology. Department of Economics Acemoglu, K. Daron How small shocks are amplified and propagated through the economy to cause sizable fluctuations is at the heart of much macroeconomic research. Potential mechanisms that have been proposed range from investment and capital accumulation responses in real business-cycle models (e.g., Kydland and Prescott 1982) to Keynesian multipliers (e.g., Diamond 1982; Kiyotaki 1988; Blanchard and Kiyotaki 1987; Hall 2009; Christiano, Eichenbaum, and Rebelo 2011); to credit market frictions facing firms, households, or banks (e.g., Bernanke and Gertler 1989; Kiyotaki and Moore 1997; Guerrieri and Lorenzoni 2012; Mian, Rao, and Sufi 2013); to the role of real and nominal rigidities and their interplay (Ball and Romer 1990); and to the consequences of (potentially inappropriate or constrained) monetary policy (e.g., Friedman and Schwartz 1971; Eggertsson and Woodford 2003; Farhi and Werning 2013). 2018-03-14T18:53:47Z 2018-03-14T18:53:47Z 2016-01 2018-02-12T19:54:04Z Article http://purl.org/eprint/type/JournalArticle 0889-3365 1537-2642 http://hdl.handle.net/1721.1/114157 Acemoglu, Daron, et al. “Networks and the Macroeconomy: An Empirical Exploration.” NBER Macroeconomics Annual, vol. 30, no. 1, Jan. 2016, pp. 273–335. https://orcid.org/0000-0003-0908-7491 http://dx.doi.org/10.1086/685961 NBER Macroeconomics Annual Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf University of Chicago Press University of Chicago Press |
| spellingShingle | Akcigit, Ufuk Kerr, William Acemoglu, K. Daron Networks and the Macroeconomy: An Empirical Exploration |
| title | Networks and the Macroeconomy: An Empirical Exploration |
| title_full | Networks and the Macroeconomy: An Empirical Exploration |
| title_fullStr | Networks and the Macroeconomy: An Empirical Exploration |
| title_full_unstemmed | Networks and the Macroeconomy: An Empirical Exploration |
| title_short | Networks and the Macroeconomy: An Empirical Exploration |
| title_sort | networks and the macroeconomy an empirical exploration |
| url | http://hdl.handle.net/1721.1/114157 https://orcid.org/0000-0003-0908-7491 |
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