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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Asymmetry Reversals and the Business Cycle | |
Roberta Distante; Ivan Petrella; Emiliano Santoro | |
发表日期 | 2013 |
出处 | Economy and Society |
出版年 | 2013 |
语种 | 英语 |
摘要 | The cross-sectional dynamics of the U.S. business cycle is examined through the lens of quantile regression models. Conditioning the quantiles of firm-level growth to different measures of technological change highlights a deep connection between counter-cyclical skewness and the transmission of aggregate disturbances. Asymmetry reversals emerge as the dominant source of cyclical variation in the probability density, generating a powerful amplification of aggregate shocks to firm technology. Designing and validating heterogeneous firm business cycle models should necessarily account for this empirical finding. |
特色分类 | C21;E32 |
关键词 | Corporate Growth Conditional Quantiles Business Cycles Asymmetry Reversals |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/asymmetry-reversals-and-the-business-cycle/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118183 |
推荐引用方式 GB/T 7714 | Roberta Distante,Ivan Petrella,Emiliano Santoro. Asymmetry Reversals and the Business Cycle. 2013. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
20136131026151Nota_d(71KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
2013613102644NDL2013(1170KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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