Cyclical fluctuations across industries of the United States: evidence and implications

Article Abstract:

The new classical imperfect information model explains the cyclical fluctuations across US industries. Unlike the sticky-wage and sticky-price models, the new classical imperfect information model does not provide evidence that the supply curve will become steeper because of the industry-specific uncertainty and the industrial output price inflation. Instead, it shows that idiosyncratic demand variability will make the industrial supply curve flatter.

Evaluation, Keynesian economics

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On human capital externalities and aggregate fluctuations

Article Abstract:

The correlations between output and productivity and between hours worked and productivity can be clarified by removing labor externalities. Results indicate that hours of work vary more than productivity and that smaller shocks are needed to affect the model with larger externalities.

United States, Labor Relations, Statistical Data Included, Usage, Labor market, Industrial productivity, Set theory, Human capital

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Sources of sectoral fluctuations in business fixed investment

Article Abstract:

Research is presented concerning the development of a macroeconomic complementarity model to determine the causes of investment spending comovement in the economy of the US. Nine sectors are studied.

Business Activity NEC, Gross Domestic Investment, Research, Investments, United States economic conditions, Business enterprises, Macroeconomics

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