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Entry, Exit, Firm Dynamics, and Aggregate Fluctuations

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NBER2013-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19217
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Do firm entry and exit play a major role in shaping aggregate dynamics? Our answer is yes. Entry and exit propagate the effects of aggregate shocks. In turn, this results in greater persistence and unconditional variation of aggregate time-series. These are features of the equilibrium allocation in
创建时间:
2013-07-01
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