The German Manufacturing Sector is a Granular Economy

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Using the approach suggested by Gabaix (2011), this article demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries.
Original languageEnglish
JournalApplied Economics Letters
Volume19
Issue number17
Pages (from-to)1663-1665
Number of pages3
ISSN1350-4851
DOIs
Publication statusPublished - 11.2012