The Granular Origins of Macroeconomic Fluctuations in Europe

The Granular Origins of Macroeconomic Fluctuations in Europe
This paper investigates the microeconomic origins of aggregate economic fluctuations in Europe. It examines the relevance of idiosyncratic shocks at the top 100 large firms (the granular shocks) in explaining aggregate macroeconomic fluctuations. The paper also assesses the strength of spillovers from large firms onto SMEs.... READ MORE...

Publication date: November 2017
ISBN 9781484324806
$18.00

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