| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4241 |
| 来源ID | Working Paper 4241 |
| Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics | |
| Peter Bak; Kan Chen; Jose Scheinkman; Michael Woodford | |
| 发表日期 | 1992-12-01 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper illustrates how fluctuations in aggregate economic activity can result from many small, independent shocks to individual sectors. The effects of the small independent shocks fail to cancel in the aggregate due to the presence of two non-standard assumptions: local interaction between productive units (linked by supply relationships), and non-convex technology. We also argue that neither feature on its own would suffice. In the case of a simple model, we explicitly calculate the distribution of aggregate activity in the limit of an infinite number of independently disturbed sectors. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w4241 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561600 |
| 推荐引用方式 GB/T 7714 | Peter Bak,Kan Chen,Jose Scheinkman,et al. Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics. 1992. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4241.pdf（1626KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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