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The extensive margin and US aggregate fluctuations: a quantitative assessment
(Elsevier, 2020)
Artículo / Artikulua,
We report empirical evidence indicating that US net business formation has recently turned more volatile, procyclical and persistent. To study these stylized facts, we estimate a DSGE model with endogenous entry and exit. ...
Entry and exit in recent US business cycles
(2015)
Documento de trabajo / Lan gaiak,
I show evidence indicating that the variability of the total number of business units (establishments) has significantly increased in recent US business cycles, accounting for nearly 2/3 of real GDP fluctuations during the ...