The German Manufacturing Sector is a Granular Economy
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2011. (Working Paper Series in Economics; No. 219).
Research output: Working paper › Working papers
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RIS
TY - UNPB
T1 - The German Manufacturing Sector is a Granular Economy
AU - Wagner, Joachim
PY - 2011/11
Y1 - 2011/11
N2 - Using the approach suggested by Gabaix (Econometrica 2011) this paperdemonstrates that idiosyncratic shocks in the largest firms are important for anunderstanding of aggregate volatility in German manufacturing industries. Theimplications of this finding for theoretical and empirical research and for economicpolicy are discussed.
AB - Using the approach suggested by Gabaix (Econometrica 2011) this paperdemonstrates that idiosyncratic shocks in the largest firms are important for anunderstanding of aggregate volatility in German manufacturing industries. Theimplications of this finding for theoretical and empirical research and for economicpolicy are discussed.
KW - Empirische Wirtschaftsforschung/Statistik
KW - power law
KW - idiosyncratic shocks
KW - granular residual
KW - Germany
M3 - Arbeits- oder Diskussionspapiere
T3 - Working Paper Series in Economics
BT - The German Manufacturing Sector is a Granular Economy
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -