How Long to Read Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession

By MissNan Li

How Long Does it Take to Read Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession?

It takes the average reader and 52 minutes to read Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession by MissNan Li

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper studies changes in the transmission of common versus sectoral idiosyncratic shocks across different U.S. nonfarm business sectors during the Great Recession, and evaluates the cross-sectoral spillovers. Shocks are identified by dynamic factor methods. We find that the Great Recession is largely a time of heightened impact of common shocks— which accounts for 3/4 of aggregate volatility—and large spillovers of negative financerelated shocks. Moreover, in contrast with the earlier literature that failed to find a significant role of sectoral shocks (propagated through the input-output linkages across sectors) in driving variability in aggregate industry output, this study allows spillovers of shocks to operate through other mechanisms intertemporally. We find that prior to the recession the majority of aggregate fluctuations is explained by sector-specific shocks.

How long is Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession?

Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession by MissNan Li is 52 pages long, and a total of 13,104 words.

This makes it 18% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession aloud.

What Reading Level is Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession?

Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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