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The Great Diversification and its Undoing

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NBER2010-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16424
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We investigate the hypothesis that macroeconomic fluctuations are primitively the results of many microeconomic shocks, and show that it has significant explanatory power for the evolution of macroeconomic volatility. We define "fundamental" volatility as the volatility that would arise from an
提供机构:
美国国家经济研究局
创建时间:
2010-09-01
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