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~isPartOf:"Cowles Foundation Discussion Papers"
~language:"eng"
~person:"Caballero, Ricardo J."
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Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models
Caballero, Ricardo J.
;
Engel, Eduardo M.R.A.
-
Cowles Foundation for Research in Economics, Yale University
-
2003
, while idiosyncratic
productivity
and demand shocks smooth away microeconomic non-convexities and are often used as a …
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