In this paper we find that Fama and French factors can explain the future behavior of three macroeconomic variables of the Brazilian economy: GDP, industrial production and inflation. The results show that these three factors explain the future behavior of the macroeconomic variables with a...

The important debate about how economic fluctuations affect employment reallocation in heterogeneous businesses is currently open in the literature. This debate is relevant as it matters for the understanding of the labor market dynamics, and for devising labor policies that aim at dampening...