The Granular Origins of Aggregate Fluctuations
收藏NBER2009-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15286
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资源简介：
This paper proposes that idiosyncratic firm-level fluctuations can explain an important part of aggregate shocks, and provide a microfoundation for aggregate productivity shocks. Existing research has focused on using aggregate shocks to explain business cycles, arguing that individual firm shocks
提供机构：
美国国家经济研究局
创建时间：
2009-08-01
