For economists trying to measure the health of an economy, there are a number of similar sounding but slightly different concepts that can confuse those without a background in macroeconomics. Two of ...

The micro-origin of aggregate fluctuations has been widely accepted, but the empirical evidence on how microeconomic shocks contribute to the tail probability of the GDP growth rate is rare. This ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate ...

AGGREGATE expenditure is the total amount spent of the economy’s output by all households, firms, foreigners as well as the government. The components of aggregate expenditure consist of household ...

Since late 2015, growth in real GDP has consistently exceeded that in real GDI, a prominent alternative measure of aggregate output, with an average difference of about 0.65 percentage point. Is real ...

According to recent macroeconomic studies, microeconomic shocks can generate aggregate fluctuations (the granular hypothesis). I test this idea by studying the variance and tail probability of ...

Aggregate output reduction due to country-wide gas supply shocks (IMAGE) Complexity Science Hub Caption The red line shows the aggregated direct economic shocks. The blue line and ribbon depict total ...