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 ...

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 ...

Based on this input-output network and structural models proposed in the literature (Acemoglu et al. 2012, and Baqaee and Farhi 2020), we calculate the impact of a microeconomic shock on aggregate ...

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 ...

This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to ...

The red line shows the aggregated direct economic shocks. The blue line and ribbon depict total output reductions after simulating the economic model for two months. The two vertical dashed lines show ...