Appendix I: Uncertainty Introduced by Off-Diagonal Elements
Explore the uncertainty in aggregate variance estimation due to off-diagonal elements and cross covariance terms.
Explore the uncertainty in aggregate variance estimation due to off-diagonal elements and cross covariance terms.
Analyzing the classification of matrix elements into blocks and their implications on variance, with insights from micro shocks and covariance structures.
Explore how log aggregate deviations can be expressed as a linear combination of sectoral log deviations and the implications for aggregate variance.