Showing 1 - 10 of 6,499
Persistent link: https://www.econbiz.de/10009728354
output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability … of output and inflation depend crucially on the proportion of firms that are allowed to change their prices. We test this …-cyclical correlation between the skewness of inflation and aggregates, but the relation with output is less sure. Our results can be …
Persistent link: https://www.econbiz.de/10003844356
Persistent link: https://www.econbiz.de/10001491178
Persistent link: https://www.econbiz.de/10001680857
Persistent link: https://www.econbiz.de/10013263791
We document two striking facts about U.S. firm dynamics and interpret their significance for aggregate employment dynamics. The first observation is the steady decline in the firm entry rate over the last thirty years, and the second is the gradual shift of employment from younger to older firms...
Persistent link: https://www.econbiz.de/10010459706
We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical menu-cost model, we find very weak, if any, micro-level selection effects...
Persistent link: https://www.econbiz.de/10010399801
We use micro data on product prices linked to information on the firms that set them to test for selection effects (state dependence) in micro-level producer pricing. In contrast to using synthetic data from a canonical Menu-Cost model, we find very weak, if any, micro-level selection effects...
Persistent link: https://www.econbiz.de/10010437793
Persistent link: https://www.econbiz.de/10000851116
Persistent link: https://www.econbiz.de/10000744940