| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20616 |
| 来源ID | Working Paper 20616 |
| Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations | |
| George Alessandria; Horag Choi; Joseph P. Kaboski; Virgiliu Midrigan | |
| 发表日期 | 2014-10-27 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The extent and direction of causation between micro volatility and business cycles are debated. We examine, empirically and theoretically, the source and effects of fluctuations in the dispersion of producer- level sales and production over the business cycle. On the theoretical side, we study the effect of exogenous first- and second-moment shocks to producer-level productivity in a two-country DSGE model with heterogenous producers and an endogenous dynamic export participation decision. First-moment shocks cause endogenous fluctuations in producer-level dispersion by reallocating production internationally, while second-moment shocks lead to increases in trade relative to GDP in recessions. Empirically, using detailed product-level data in the motor vehicle industry and industry-level data of U.S. manufacturers, we find evidence that international reallocation is indeed important for understanding cross-industry variation in cyclical patterns of measured dispersion. |
| 主题 | Macroeconomics ; Business Cycles ; International Economics ; Trade |
| URL | https://www.nber.org/papers/w20616 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578290 |
| 推荐引用方式 GB/T 7714 | George Alessandria,Horag Choi,Joseph P. Kaboski,et al. Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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