Erratum: The Aggregate Implications of Regional Business Cycles.

The article addresses an error in the code used to generate results in a previously published paper on state-level wage measures during the Great Recession. The authors acknowledge the mistake of dividing total wages by the total number of individuals rather than the number of working individuals, w...

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Detalles Bibliográficos
Publicado en:Econometrica Vol. 93; no. 5; pp. 1 - 15
Autores principales: Beraja, Martin, Hurst, Erik, Ospina, Juan
Formato: Artículo
Publicado: Wiley-Blackwell Sep2025
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Sep2025
      vid: 93
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      pub: Wiley-Blackwell
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        atl: Erratum: The Aggregate Implications of Regional Business Cycles.
      aug:
        au:
          Beraja, Martin
          Hurst, Erik
          Ospina, Juan
        affil:
          Department of Economics, Massachusetts Institute of Technology
          Booth School of Business, University of Chicago
          Banco de la República de Colombia
      su:
        Regional economic disparities
        Economic models
        Great Recession, 2008-2013
        Wage statistics
        Computer software correctness
        Scholarly periodical corrections
      sug:
        subj:
          Regional economic disparities
          Economic models
          Great Recession, 2008-2013
          Wage statistics
          Computer software correctness
          Scholarly periodical corrections
      ab: The article addresses an error in the code used to generate results in a previously published paper on state-level wage measures during the Great Recession. The authors acknowledge the mistake of dividing total wages by the total number of individuals rather than the number of working individuals, which led to incorrect wage estimates. The erratum details the corrections made to the code, updates the relevant tables and figures, and presents revised estimates for the New Keynesian Wage Phillips Curve, indicating that while the magnitudes of the estimates have changed, the qualitative results remain consistent. The article emphasizes the importance of incorporating regional data in understanding aggregate business cycles.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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