| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15360 |
| DP15360 Bottom-up Markup Fluctuations | |
| Ariel Tomas Burstein; Vasco Carvalho; Basile Grassi | |
| 发表日期 | 2020-10-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study markup cyclicality in a granular macroeconomic model with oligopolistic competition. We characterize the comovement of firm, sectoral, and economy-wide markups with sectoral and aggregate output following firm-level shocks. We then quantify the model’s ability to reproduce salient features of the cyclical properties of markups in French administrative firm-level data, from the bottom (firm) level to the aggregate level. Our model helps rationalize various, seemingly conflicting, measures of markup cyclicality in the French data. |
| 主题 | Industrial Organization ; Monetary Economics and Fluctuations |
| 关键词 | Markup cyclicality Oligopolistic competition Firm dynamics Granularity Aggregate fluctuations |
| URL | https://cepr.org/publications/dp15360 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544342 |
| 推荐引用方式 GB/T 7714 | Ariel Tomas Burstein,Vasco Carvalho,Basile Grassi. DP15360 Bottom-up Markup Fluctuations. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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