On the determination of the granular size of the economy
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Other documents of the author: Blanco Arroyo, Omar; Ruiz-Buforn, Alba; Vidal-Tomás, David; Alfarano, Simone
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadata
Title
On the determination of the granular size of the economyDate
2018-12Publisher
ElsevierBibliographic citation
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. 35-38Type
info:eu-repo/semantics/articlePublisher version
https://www.sciencedirect.com/science/article/pii/S0165176518303264Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
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. [-]
Is part of
Economics Letters (2018), v. 173Investigation project
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 FPU2014/01104Rights
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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