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Entry Costs and the Macroeconomy

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NBER2019-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25609
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We propose a model to identify the causes of rising profits and concentration, and declining entry and investment in the US economy. Our approach combines a rich structural DSGE model with cross-sectional identification from firm and industry data. Using asset prices, our model estimates the
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2019-03-01
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