The Granular Origins of Aggregate Fluctuations
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- Xavier Gabaix, 2011. "The Granular Origins of Aggregate Fluctuations," Econometrica, Econometric Society, vol. 79(3), pages 733-772, May.
- Xavier Gabaix, 2009. "The Granular Origins of Aggregate Fluctuations," NBER Working Papers 15286, National Bureau of Economic Research, Inc.
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More about this item
Keywords
Business Cycle; Idiosyncratic shock; Aggregate shock; Aggregation; Heterogeneity; Power law; Zipf’s law;All these keywords.
JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2005-12-01 (Macroeconomics)
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