Figure 3. Accumulated impulse-response functions in production-flow model
Period Stage-2 ID Stage-3 ID Stage-4 ID Final demand
Response Plus 2 SD Minus 2 SD Response Plus 2 SD Minus 2 SD Response Plus 2 SD Minus 2 SD Response Plus 2 SD Minus 2 SD

Accumulated response of stage-2 ID

  

1

 0.014331 0.016948 0.011715 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000

2

 .016563 .021540 .011586 .003763 .007975 -.000449 -.002081 .001975 -.005711 -.000337 .003294 -.003968

3

 .017913 .024328 .011498 .004200 .009509 -.001109 -.001900 .003028 -.005749 -.000891 .002958 -.004740

4

 .018322 .025678 .010966 .004387 .010356 -.001581 -.001929 .003298 -.005946 -.000908 .003108 -.004925

5

 .018454 .026256 .010652 .004491 .010796 -.001814 -.001963 .003391 -.006067 -.000944 .003160 -.005049

6

 .018507 .026507 .010507 .004514 .010950 -.001923 -.001962 .003431 -.006085 -.000958 .003165 -.005081

7

 .018524 .026608 .010440 .004524 .011017 -.001970 -.001964 .003442 -.006097 -.000960 .003172 -.005093

8

 .018530 .026648 .010412 .004527 .011044 -.001989 -.001965 .003446 -.006100 -.000962 .003173 -.005097

9

 .018532 .026664 .010401 .004528 .011054 -.001997 -.001965 .003448 -.006101 -.000962 .003174 -.005098

10

 .018533 .026670 .010396 .004529 .011058 -.002000 -.001965 .003448 -.006102 -.000963 .003174 -.005099

11

 .018533 .026673 .010394 .004529 .011059 -.002001 -.001965 .003448 -.006102 -.000963 .003174 -.005099

12

 .018533 .026674 .010393 .004529 .011060 -.002001 -.001965 .003448 -.006102 -.000963 .003174 -.005099

Accumulated response of stage-3 ID

  

1

 .002906 .004185 .001627 .004507 .005330 .003684 .000000 .000000 .000000 .000000 .000000 .000000

2

 .005201 .007408 .002994 .005356 .007193 .003519 .000138 .001663 -.001228 -.000786 .000580 -.002152

3

 .005904 .008847 .002962 .005720 .008220 .003219 .000069 .002223 -.001652 -.000853 .000867 -.002574

4

 .006142 .009549 .002735 .005885 .008718 .003052 .000024 .002369 -.001784 -.000916 .000893 -.002724

5

 .006233 .009876 .002590 .005928 .008934 .002922 .000022 .002442 -.001838 -.000937 .000923 -.002796

6

 .006263 .010013 .002512 .005945 .009024 .002866 .000018 .002464 -.001856 -.000942 .000932 -.002816

7

 .006273 .010070 .002477 .005951 .009061 .002842 .000017 .002471 -.001862 -.000945 .000934 -.002823

8

 .006277 .010093 .002462 .005953 .009076 .002831 .000017 .002473 -.001864 -.000945 .000935 -.002826

9

 .006278 .010102 .002455 .005954 .009081 .002827 .000017 .002474 -.001865 -.000946 .000935 -.002827

10

 .006279 .010105 .002453 .005954 .009083 .002825 .000016 .002474 -.001865 -.000946 .000935 -.002827

11

 .006279 .010107 .002452 .005954 .009084 .002824 .000016 .002475 -.001865 -.000946 .000935 -.002827

12

 .006279 .010107 .002451 .005954 .009085 .002824 .000016 .002475 -.001865 -.000946 .000935 -.002827

Accumulated response of stage-4 ID

  

1

 .001639 .002268 .001010 .001474 .001957 .000991 .001553 .001837 .001553 .000000 .000000 .000000

2

 .002885 .003988 .001782 .002012 .002959 .001066 .001521 .002334 .000836 -.000306 .000379 -.000991

3

 .003278 .004767 .001788 .002246 .003534 .000959 .001467 .002600 .000585 -.000372 .000510 -.001254

4

 .003418 .005150 .001685 .002329 .003788 .000869 .001452 .002686 .000521 -.000407 .000524 -.001337

5

 .003468 .005326 .001610 .002355 .003904 .000806 .001448 .002720 .000493 -.000417 .000538 -.001373

6

 .003485 .005400 .001570 .002365 .003952 .000777 .001446 .002731 .000483 -.000421 .000543 -.001385

7

 .003491 .005431 .001552 .002368 .003972 .000764 .001446 .002735 .000479 -.000422 .000544 -.001388

8

 .003493 .005443 .001543 .002369 .003980 .000759 .001446 .002736 .000478 -.000423 .000545 -.001390

9

 .003494 .005448 .001540 .002370 .003983 .000756 .001445 .002737 .000478 -.000423 .000545 -.001390

10

 .003494 .005450 .001539 .002370 .003984 .000756 .001445 .002737 .000478 -.000423 .000545 -.001391

11

 .003494 .005450 .001538 .002370 .003984 .000755 .001445 .002737 .000478 -.000423 .000545 -.001391

12

 .003494 .005451 .001538 .002370 .003985 .000755 .001445 .002737 .000478 -.000423 .000545 -.001391

Accumulated response of final demand

  

1

 .001158 .001670 .000646 .000975 .001406 .000544 .000923 .001277 .000702 .001209 .001430 .000988

2

 .002023 .002880 .001165 .001749 .002494 .001004 .000649 .001300 .000085 .000815 .001379 .000252

3

 .002387 .003510 .001265 .001845 .002811 .000879 .000694 .001546 .000023 .000740 .001411 .000069

4

 .002491 .003793 .001190 .001920 .003013 .000827 .000668 .001595 -.000039 .000727 .001435 .000020

5

 .002531 .003926 .001136 .001943 .003103 .000783 .000665 .001619 -.000060 .000715 .001441 -.000010

6

 .002545 .003983 .001107 .001950 .003139 .000760 .000664 .001628 -.000067 .000713 .001444 -.000019

7

 .002550 .004007 .001093 .001953 .003154 .000751 .000663 .001631 -.000070 .000712 .001445 -.000022

8

 .002552 .004016 .001087 .001954 .003160 .000747 .000663 .001632 -.000071 .000711 .001445 -.000023

9

 .002552 .004020 .001085 .001954 .003163 .000745 .000663 .001632 -.000071 .000711 .001445 -.000023

10

 .002553 .004021 .001084 .001954 .003164 .000744 .000663 .001632 -.000071 .000711 .001445 -.000023

11

 .002553 .004022 .001083 .001954 .003164 .000744 .000663 .001632 -.000071 .000711 .001445 -.000023

12

 .002553 .004022 .001083 .001954 .003164 .000744 .000663 .001632 -.000071 .000711 .001445 -.000023

Note: ID = Intermediate demand; SD = Standard deviation.

Source: Author's calculations based on data from the U.S. Bureau of Labor Statistics.