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Skewed Business Cycles

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NBER2019-12-01 更新2025-01-04 收录
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Using firm-level panel data from the US Census Bureau and almost fifty other countries, we show that the skewness of the growth rates of employment, sales, and productivity is procyclical. In particular, during recessions, they display a large left tail of negative growth rates (and during booms, a

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2019-12-01
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