Skewness and Time-Varying Second Moments in a Nonlinear Production Network: Theory and Evidence
收藏NBER2021-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29499
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资源简介：
This paper studies asymmetry in economic activity over the business cycle. It develops a tractable multisector model of the economy in which complementarity across inputs causes aggregate activity to be left skewed with countercyclical volatility. We then examine implications of the model regarding
提供机构：
美国国家经济研究局
创建时间：
2021-11-01
