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Bank of Canada RSS Feedsen2024-03-29T13:21:49+00:00Firm-Specific Shocks and Aggregate Fluctuations
https://www.bankofcanada.ca/2016/11/staff-working-paper-2016-51/
In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by idiosyncratic shocks to large firms.2016-11-21T07:38:15+00:00enFirm-Specific Shocks and Aggregate Fluctuations2016-11-21Business fluctuations and cyclesFirm dynamicsMarket structure and pricingStaff Working Paper 2016-51https://www.bankofcanada.ca/wp-content/uploads/2016/11/swp2016-51.pdfFirm-Specific Shocks and Aggregate FluctuationsLeonid KarasikDanny LeungBen TomlinNovember 2016EE2E22E23E24E3LL6