On the determination of the granular size of the economy
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Altres documents de l'autoria: Blanco Arroyo, Omar; Ruiz-Buforn, Alba; Vidal-Tomás, David; Alfarano, Simone
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On the determination of the granular size of the economyData de publicació
2018-12Editor
ElsevierCita bibliogràfica
BLANCO ARROYO, Omar; RUIZ BUFORN, Alba; VIDAL TOMÁS, David; ALFARANO, Simone (2018). On the determination of the granular size of the economy. Economics Letters, v. 173, p. 35-38Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://www.sciencedirect.com/science/article/pii/S0165176518303264Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
Introducing the granular hypothesis, Gabaix (2011) shows that the
idiosyncratic shocks of a few “granular” firms account for a significant
fraction of aggregate fluctuations of the US business cycle. In ... [+]
Introducing the granular hypothesis, Gabaix (2011) shows that the
idiosyncratic shocks of a few “granular” firms account for a significant
fraction of aggregate fluctuations of the US business cycle. In the
literature, however, the question of how many are the granular firms
in an economy is left unanswered. Using Spanish data, we propose a
novel methodology to calibrate the granular size of the economy, i.e.
the number of granular firms. [-]
Publicat a
Economics Letters (2018), v. 173Proyecto de investigación
1) Universitat Jaume I under the project P11B2015-63; 2) The Spanish Ministry Science and Technology under the project ECO2015-68469-R; 3) Ministry of Education, FPU2015/01434 and FPU2014/01104Drets d'accés
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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