We develop and structurally estimate a model of heterogeneous multiproduct firms that can be used to decompose the firm … variation in firm sales. We show that the imperfect substitutability of products within firms, and the fact that larger firms … on prices and sales, we find that variation in firm appeal and product scope explains at least four fifths of the …

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in … on the time-varying distribution of firms. Although a reduction in real rates increases misallocation in partial …-productivity firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in … on the time-varying distribution of firms. Although a reduction in real rates increases misallocation in partial …-productivity firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …

We analyze monetary policy in a New Keynesian model with heterogeneous firms and financial frictions. Firms differ in … on the time-varying distribution of firms. Although a reduction in real rates increases misallocation in partial …-productivity firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …

heterogeneous firms and financial frictions. In the model, firms with a high return to capital increase their investment more … stability is the optimal timeless response to demand, financial or TFP shocks. Finally, we present firm-level evidence …

emissions across firms, on the green transition. Using the 2000-2019 firm-level register data on greenhouse gas emissions …-productivity growth and assess the relative contributions of structural change and firm dynamics. We find that continuing firms were the …This paper investigates the importance of firm dynamics, including entry and exit and the allocation of carbon …

manufacturing sector of six European countries (2000-12), differentiating between SMEs and large firms, and by identifying the …. The impact of the crisis on this process has been uneven across the countries and the sizes of the firms. …

efficiency increases within exporting firms over time. While there is strong evidence for the former, the latter has received … Chilean manufacturing plants, we first show that, in line with the previous results, there is no evidence for within …

,000 Czech firm/years we study whether firms fully utilize their resources, how firm efficiency evolves over time, and how firm …In this paper we analyze the evolution of firm efficiency in the Czech Republic. Using a large panel of more than 190 … or foreign origin. In a two-stage set-up we estimate the degree of firm inefficiency and then we estimate the effect of …