We consider the contribution of sectoral shocks to post-war US unemployment movements in a dynamic factor framework. Whereas previously published estimates of the contribution of sectoral shocks to unemployment relate to a particular theory of unemployment, our approach is sufficiently general to encompass almost any theory. We estimate our model in the frequency domain and use data on unemploy...

A static, generalized input± output framework for calculating simple multipliers is presented for Australian data. In this framework, capital investment and imports are internalized into domestic inter-industrial intermediate demand, non-square matrices are introduced in order to enable the inclusion of ® ner detail commodity data, and matrices in both monetary and physical units are employed. ...

This study builds an income distribution and growth model within a simple multi-sectoral Kaleckian framework. The model has heterogeneous features in each sector in that the responses of saving and investment to changes in macroeconomic performance differ sectorally, and there are also different sectoral shares of saving and investment. We consider the determinants that establish the economic g...

In this paper we first show that it is possible to modify linear real business cycle models to allow for disaggregate (industry-specific) factors in the generation of macroeconomic fluctuations. We then try to determine the relative importance of aggregate and sectoral shocks by doing principal components analysis on the residuals from a VAR of output growth rates in 19 UK industrial sectors. W...

Economic shocks due to COVID-19 were exceptional in their severity, suddenness and heterogeneity across industries. To study the upstream downstream propagation of these industry-specific demand supply shocks, we build a dynamic input-output model inspired by previous work on economic response natural disasters. We argue that standard production functions, at least most parsimonious parametriza...

This paper uses a multisector sticky price model with cash-in-advance constraint to examine the implications of sectoral nominal price rigidities for the cyclical behavior of sectoral and aggregate movements in prices and output. The data suggest that correlations between sectoral output and price changes are substantially lower than would be implied by a flexible price model with sectoral tech...

For block structured monotone or incrementally positive n-dimensional nonlinearities, the largest class of convolution operators (stability multipliers) that preserve positivity is derived. These multipliers can be used in conjunction with positivity and IQC stability criteria to evaluate stability and robustness of MIMO feedback systems. keywords: nonlinear stability multipliers positivity inp...

This paper aims to study some of the factors that influence the sectoral diffusion of innovation. The final objective is to arrive at a model of innovation diffusion in order to analyse how different economic policies can help to promote it. In the first place, an exploratory analysis is carried out in which some new statistics such as the sectoral autocorrelation coefficient are used. Secondly...

We examine the sources of aggregate labor productivity movements and convergence in the U.S. states from 1963 to 1989. Productivity levels vary widely across sectors and across states, as do sectoral output and employment shares. The main finding is the diverse performance of sectors regarding convergence. Using both cross-section and time series methods, we find convergence in labor productivi...