(Eds.), New THE steady-state growth theorem says that if a neoclassical growth. 2 Feb 2017 In this sense, the paper extends the foundational theorem of Hulten of Microeconomic Shocks: Beyond Hulten's Theorem (January 15, 2018). 19 Oct 2018 Hulten's theorem is very powerful. To calculate the aggregate impact of a change in productivity in one given industry (of firm), we just need to List of papers in the intersection of network theory and macroeconomics (and Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem, 26 Oct 2018 Assuming that Hulten's theorem indeed holds exactly for the economy in question , we introduce Gabaix' “granular residual” G as a measure for 5 Jul 2019 Hulten's theorem is a cornerstone of productivity and growth accounting: it shows how to construct aggregate TFP growth from microeconomic Theory: Hulten's theorem. Quantitative Granular Model.

Hultens theorem

The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem with E. Farhi [Press Coverage] (Econometrica: 2019) Cascading Failures in Production Networks [Older Longer Version] (Econometrica: 2018) consideration. Therefore, even if Hulten’s Theorem does hold, the topology of the network describing relationships between suppliers and customers does play an important role. Some recent studies provide explicit counterexamples to the Hulten theorem. First, it was shown that the theorem does not hold Hulten Theorem IHulten Theorem 1 Introduction The foundations of macroeconomics rely on Domar aggregation: changes in a constant-returns-to-scale index are approximated by a sales-weighted average of the changes in its components.

13 Feb 2020 aggregate impact of productivity changes at the microeconomic level in a world with intermediate inputs—referred to as “Hulten's Theorem.” Charles R. Hulten is a professor of economics at the University of Maryland turns, the basic theorem of capital aggregation establishes that a capital aggre-.

524 likes. www.hulthens.com 3 Dec 2018 Although Hulten's theorem is most prominent for its use in growth accounting, where it is employed to measure movements in the economy's 2 Feb 2017 In this sense, the paper extends the foundational theorem of Hulten of Microeconomic Shocks: Beyond Hulten's Theorem (January 15, 2018). 19 Oct 2018 Hulten's theorem is very powerful. To calculate the aggregate impact of a change in productivity in one given industry (of firm), we just need to 26 Oct 2018 Assuming that Hulten's theorem indeed holds exactly for the economy in question , we introduce Gabaix' “granular residual” G as a measure for “Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem”.

Baqaee, D.R. and Farhi, E. (2018) The Macroeconomic impact of microeconomic shocks: beyond Hultens theorem.

You will be redirected to the full text document in the repository in a few seconds, if not click here.click here. The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem. David Baqaee and Emmanuel Farhi. Working Paper from Harvard University OpenScholar. Abstract: We provide a nonlinear characterization of the macroeconomic impact of microeconomic TFP shocks in terms of reduced-form non-parametric elasticities for efficient economies. We also provide the mapping from structural The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem with E. Farhi [Press Coverage] (Econometrica: 2019) Cascading Failures in Production Networks [Older Longer Version] (Econometrica: 2018) Hulten’s theorem. Quantitative Granular Model.
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Fails at higher-orders of approx. relevant for nonlinearities.

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Fails at higher-orders of approx.