Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
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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.
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美国国家经济研究局创建时间：
2006-10-01
