The Empirical Distribution of Firm Dynamics and Its Macro Implications
收藏NBER2023-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w31337
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资源简介：
Heterogeneous firm models are ubiquitous in modern macroeconomics. We revisit a central feature of these models: the idiosyncratic shock process faced by firms. Using a large representative firm-level dataset, we document nonparametrically that the common assumption, a Gaussian AR(1) shock process,
提供机构：
美国国家经济研究局
创建时间：
2023-06-01
