The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem

DOI10.3982/ECTA15202zbMath1426.91160OpenAlexW2964403649MaRDI QIDQ5239831

Emmanuel Farhi, David Rezza Baqaee

Publication date: 22 October 2019

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta15202

zbMATH Keywords

nonlinearitiesproduction networksoil shocksBaumol's cost diseasedisaggregated macro modelsDomar aggregationHulten's theoremwelfare costs of business cycles

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62) Welfare economics (91B15)

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