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The extensive margin and US aggregate fluctuations: A quantitative assessment()
We report empirical evidence indicating that US net business formation has recently turned more volatile, procyclical and persistent. To study these stylized facts, we estimate a DSGE model with endogenous entry and exit. Business units feature heterogeneous productivity and they shut down if the pr...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2020
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7539540/ https://www.ncbi.nlm.nih.gov/pubmed/33041404 http://dx.doi.org/10.1016/j.jedc.2020.103997 |