Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
收藏NBER2006-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12557
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资源简介：
Synchronized expansions and contractions across sectors define business cycles. Yet synchronization is puzzling because productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis explores complementarity in information acquisition.
提供机构：
美国国家经济研究局
创建时间：
2006-10-01
