On the determination of the granular size of the economy

Blanco-Arroyo Omar; Ruiz-Buforn Alba; Vidal-Tomas David; Alfarano Simone

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On the determination of the granular size of the economy

机译：关于经济粒度的确定

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摘要

Introducing the granular hypothesis, Gabaix (2011) shows that the idiosyncratic shocks of a few "granular" firms account for a significant fraction of aggregate fluctuations of the US business cycle. In the literature, however, the question of how many are the granular firms in an economy is left unanswered. Using Spanish data, in this paper we propose a novel methodology to calibrate the granular size of the economy, i.e. the number of granular firms. (C) 2018 Elsevier B.V. All rights reserved.

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来源
《Economics letters》 |2018年第12期|35-38|共4页
作者
Blanco-Arroyo Omar; Ruiz-Buforn Alba; Vidal-Tomas David; Alfarano Simone;
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作者单位

Univ Jaume 1, Econ Dept, Campus Riu Sec, Castellon de La Plana 12071, Spain;

Univ Jaume 1, Econ Dept, Campus Riu Sec, Castellon de La Plana 12071, Spain;

Univ Jaume 1, Econ Dept, Campus Riu Sec, Castellon de La Plana 12071, Spain;

Univ Jaume 1, Econ Dept, Campus Riu Sec, Castellon de La Plana 12071, Spain;

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原文格式 PDF
正文语种 eng
中图分类
关键词
Business cycle; Idiosyncratic shocks; Productivity; Granular residual; Granularity index;

机译：商业周期;异质性冲击;生产率;颗粒残留;粒度指数;

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On the determination of the granular size of the economy

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