idiosyncratic component of firm'; real sales growth from macroeconomic developments. Our paper has three main findings. First, time … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …

idiosyncratic component of firms’ real sales growth from macroeconomic developments. Our paper has three main findings. First, time … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …

We establish some stylised facts for Germany’s business cycle at the level of the firm. Based on longitudinal firm … distribution of growth rates of firm’s real sales is influenced by business cycle conditions. In particular, the cross …-section skewness of real sales changes is strongly counter-cyclical. The results confirm most of the findings for the UK and the US by …

idiosyncratic component of firms? real sales growth from macroeconomic developments. Our paper has three main findings. First, time … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …

idiosyncratic component of firms' real sales growth from macroeconomic developments. Our paper has three main findings. First, time … trends in unconditional firm level and aggregated output volatility in Germany are similar. There has been a long …