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exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …
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exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …
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holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and … actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …
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