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dc.contributorTeglio, Andrea
dc.contributor.authorPereira Borges, Philippe Cézar
dc.contributor.editorUniversitat Jaume I. Departament d'Economia
dc.contributor.otherUniversitat Jaume I. Departament d'Economia
dc.date.accessioned2015-09-14T08:52:25Z
dc.date.available2015-09-14T08:52:25Z
dc.date.issued2015-07-16
dc.identifier.urihttp://hdl.handle.net/10234/132107
dc.descriptionTreball de fi de Grau en Economia. Codi: EC1049. Curs acadèmic 2014-2015ca_CA
dc.description.abstractIn this paper I analyse the cross–correlation between the effects of firms´ size on the business cycle, a phenomenon called granularity. I follow Gabaix´s research which argues that idiosyncratic firm-level shocks can explain an important part of aggregate movements and provide a microfoundation for aggregate shocks. The variable used in my research is the operating revenue. I consider this variable as a proxy of firms' size. Furthermore, the aggregate volatility of GDP is determined by the volatility of operating revenue of large firms. Hence, I can predict the GDP volatility via the operating revenue fluctuations of large firms. This paper shows that the forces of randomness at micro level create an inexorable amount of volatility at macro level.ca_CA
dc.format.extent29 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherUniversitat Jaume Ica_CA
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 Spain*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/es/*
dc.subjectGrau en Economiaca_CA
dc.subjectGrado en Economíaca_CA
dc.subjectBachelor's Degree in Economicsca_CA
dc.subjectGranularityca_CA
dc.subjectPower-lawca_CA
dc.subjectFirm sizeca_CA
dc.subjectBlack swan and business cycle fluctuationsca_CA
dc.titleThe effect of firms' size on business cycleca_CA
dc.typeinfo:eu-repo/semantics/bachelorThesisca_CA
dc.educationLevelEstudios de Gradoca_CA
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessca_CA


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Attribution-NonCommercial-ShareAlike 3.0 Spain
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 3.0 Spain