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Replication data for: How Important Are Sectoral Shocks?

Version
1
Resource Type
Dataset
Creator
  • Atalay, Enghin
Publication Date
2016-12-31
Description
  • Abstract

    I quantify the contribution of sectoral shocks to business cycle fluctuations in aggregate output. I develop and estimate a multi-industry general equilibrium model in which each industry employs the material and capital goods produced by other sectors. Using data on US industries' input prices and input choices, I find that the goods produced by different industries are complements to one another as inputs in downstream industries' production functions. These complementarities indicate that industry-specific shocks are substantially more important than previously thought, accounting for at least half of aggregate volatility.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20160353 (Text)
Publications
  • Atalay, Enghin. “How Important Are Sectoral Shocks?” American Economic Journal: Macroeconomics 9, no. 4 (October 2017): 254–80. https://doi.org/10.1257/mac.20160353.
    • ID: 10.1257/mac.20160353 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Atalay, Enghin (2016): Replication data for: How Important Are Sectoral Shocks?. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114149V1