Replication data for: How Important Are Sectoral Shocks?
- Atalay, Enghin
AbstractI 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.
Is supplement to
DOI: 10.1257/mac.20160353 (Text)
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: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13