Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57131
Authors: 
Wagner, Joachim
Year of Publication: 
2011
Series/Report no.: 
University of Lüneburg Working Paper Series in Economics 219
Abstract: 
Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research and for economic policy are discussed.
Subjects: 
power law
idiosyncratic shocks
granular residual
Germany
JEL: 
E1
Document Type: 
Working Paper

Files in This Item:
File
Size
106.16 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.