Micro Propagation and Macro Aggregation

IF 6.8 2区 经济学 Q1 ECONOMICS
David Baqaee, Elisa Rubbo
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引用次数: 1

Abstract

This article reviews a framework for studying the aggregation and propagation of microeconomic shocks in general equilibrium. We discuss the determinants of aggregate measures of real economic activity, like real GDP, real domestic absorption, and aggregate productivity in both efficient and inefficient environments. We also discuss how shocks from one set of producers are transmitted to other producers through prices and quantities. The framework we provide is amenable to generalization and can be used to study any collection of producers ranging from one isolated producer to an industry consisting of heterogeneous producers to an entire economy. We conclude with a brief survey of some of the applied questions that can be addressed using the analytical tools presented in this review and avenues for future work.
微观传播和宏观聚合
本文综述了一般均衡下微观经济冲击聚集和传播的研究框架。我们讨论了实际经济活动总量指标的决定因素,如实际GDP、实际国内吸收量以及高效和低效环境下的总生产率。我们还讨论了一组生产者的冲击是如何通过价格和数量传递给其他生产者的。我们提供的框架易于推广,可用于研究任何生产者集合,从一个孤立的生产者到由异质生产者组成的行业,再到整个经济。最后,我们对一些应用问题进行了简要的调查,这些问题可以使用本综述中提出的分析工具和未来工作的途径来解决。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
9.70
自引率
3.60%
发文量
34
期刊介绍: The Annual Review of Economics covers significant developments in the field of economics, including macroeconomics and money; microeconomics, including economic psychology; international economics; public finance; health economics; education; economic growth and technological change; economic development; social economics, including culture, institutions, social interaction, and networks; game theory, political economy, and social choice; and more.
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