The German Manufacturing Sector is a Granular Economy
Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
Authors
Using the approach suggested by Gabaix (Econometrica 2011) this paper
demonstrates that idiosyncratic shocks in the largest firms are important for an
understanding of aggregate volatility in German manufacturing industries. The
implications of this finding for theoretical and empirical research and for economic
policy are discussed.
demonstrates that idiosyncratic shocks in the largest firms are important for an
understanding of aggregate volatility in German manufacturing industries. The
implications of this finding for theoretical and empirical research and for economic
policy are discussed.
| Originalsprache | Deutsch |
|---|---|
| Erscheinungsort | Lüneburg |
| Verlag | Institut für Volkswirtschaftslehre der Universität Lüneburg |
| Anzahl der Seiten | 12 |
| Publikationsstatus | Erschienen - 11.2011 |
- Empirische Wirtschaftsforschung/Statistik - power law, idiosyncratic shocks, granular residual, Germany