Calendrier du 11 avril 2023
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 11/04/2023 de 17:00 à 18:00
R1-13
BéZY Thomas ()
Who Pays for Insuring Beach Houses? The Incidence of Government-Guaranteed Reinsurance against Extreme Weather Events
Paris Trade Seminar
Du 11/04/2023 de 14:30 à 16:00
PSE, 48 boulevard Jourdan, 75014 Paris, salle R2-01
THEODORAKOPOULOS Angelos (Aston Business school)
Intangibles within Firm Boundaries
écrit avec Bruno Merlevede (Ghent University)
Texte intégral
Applied Economics Lunch Seminar
Du 11/04/2023 de 12:30 à 13:30
Salle R2.21
HUBER Kilian (University of Chicago Booth)
Disaggregated Economic Accounts
We develop and analyze a new system of disaggregated economic accounts. The system
breaks down national accounting positions into bilateral flows among consistently defined
subgroups of consumers (“consumer cells”), subgroups of producers (“producer cells”), the
government, and the rest of the world. We disaggregate the full circular flow of money,
including consumption, labor compensation, firm surplus, foreign trade, taxes, and trade
in intermediates. The measurement is comprehensive, so that the disaggregated flows add
up to national aggregates and fulfill all national accounting identities. We implement the
disaggregated system for small region-by-industry cells in Denmark. We present new facts
on the structure of disaggregated flows across the economy, for example that spending flows
into cities, city residents spend more abroad, and the government on net transfers resources
into cities. Using a macroeconomic model, we highlight that disaggregated economic accounts
change our understanding of shock propagation in general equilibrium. In particular, we find
that the structure of disaggregated flows shapes the aggregate and distributional consequences
of export demand shocks.