Sectoral Media Focus and Aggregate Fluctuations

Sectoral Shocks, Learning, and Aggregate Fluctuations

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The “ news view ” of economic fluctuations : Evidence from aggregate Japanese data and sectoral US data ✩

This paper uses aggregate Japanese data and sectoral US data to explore the properties of the joint behavior of stock prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business cycle theories. The approach used follows that presented in [Beaudry, P., Portier, F., 2004. News, stock prices and economic fluctuations. Working paper ...

Aggregate and Regional Disaggregate Fluctuations Aggregate and Regional Disaggregate Fluctuations

This paper models uctuations in regional disaggregates as a nonstationary, dynamically evolving distribution. Doing so enables study of the dynamics of aggregate uctuations jointly with those of the rich cross-section of regional disaggregates. For the US, the leading state| regardless of which it happens to be|contains strong predictive power for aggregate uctuations. This e ect is di cult to ...

Earnings II: Sectoral Shocks and Aggregate Disturbances

This chapter represents a significant departure from Chapter 19, which also focused on earnings. Instead of examining how earnings are distributed across a given population of workers, we shall now examine how individual and aggregate earnings evolve over time. The central thesis that we shall explore is that firms and workers are regularly buffeted by an assortment of random shocks or disturba...

Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?