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- W2282893145 abstract "This article unearths the determinants of the volatility of aggregate and firm-level production proxied by output and turnover respectively. This article re-visits Comin and Mulani's Note on the diverging trends between aggregate and firm volatility. Similarly to their conclusions, I establish that firm volatility is not driven by a compositional bias in my sample and that it's entirely driven by its covariance element. Contrary to their conclusions, I find a convergence between firm-level and aggregate level volatility due in part to the 2007 financial crisis." @default.
- W2282893145 created "2016-06-24" @default.
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- W2282893145 date "2013-06-01" @default.
- W2282893145 modified "2023-10-03" @default.
- W2282893145 title "Convergent trends in aggregate and firm volatility" @default.
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