The cross-section of firms over the business cycle new facts and a DSGE exploration
Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional standar...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
München
CESifo
2009
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| Schriftenreihe: | CESifo working papers
2810 : Fiscal policy, macroeconomics and growth |
| Schlagworte: | |
| Online Zugang: | http://www.cesifo-group.de/DocCIDL/cesifo1_wp2810.pdf |
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