| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13006 |
| DP13006 Macroeconomics with Heterogeneous Agents and Input-Output Networks | |
| David Rezza Baqaee; Emmanuel Farhi | |
| 发表日期 | 2018-06-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The goal of this paper is to simultaneously unbundle two interacting reduced-form building blocks of traditional macroeconomic models: the representative agent and the aggregate production function. We introduce a broad class of disaggregated general equilibrium models with Heterogeneous Agents and Input-Output networks (HA-IO). We characterize their properties through two sets of results describing the propagation and the aggregation of shocks. Our results shed light on many seemingly disparate applied questions, such as: sectoral comovement in business cycles; factor-biased technical change in task-based models; structural transformation; the effects of corporate taxation; and the dependence of fiscal multipliers on the composition of government spending. |
| 主题 | Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Production networks Heterogeneous agents Comovement Propagation Aggregation |
| URL | https://cepr.org/publications/dp13006-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541813 |
| 推荐引用方式 GB/T 7714 | David Rezza Baqaee,Emmanuel Farhi. DP13006 Macroeconomics with Heterogeneous Agents and Input-Output Networks. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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