Veldkamp, Laura; Wolfers, Justin - Federal Reserve Bank of San Francisco - 2006
When similar patterns of expansion and contraction are observed across sectors, we call this a business cycle. Yet …FEDERAL RESERVE BANK OF SAN FRANCISCO
WORKING PAPER SERIES
Working Paper 2006-26
http://www.frbsf.org/publications/economics ….
Aggregate Shocks or Aggregate Information?
Costly Information and Business Cycle Comovement
Laura Veldkamp
Stern School …