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A structural analysis of US entry and exit dynamics
(2018)
Documento de trabajo / Lan gaiak,
The authors report empirical evidence indicating that US business formation has recently turned
more volatile, procyclical and persistent due to changes in exit dynamics. To study these
stylized facts, we estimate a DSGE ...
A structural analysis of US entry and exit dynamics. Technical appendix
(2018)
Documento de trabajo / Lan gaiak,
A. The optimizing programs of the model and other technical details (pages 1-7)
B. Short-run and long-run equilibria in the DSGE model with endogenous entry and exit (pages
8-12)
C. Average productivity (pages 13-15)
D. ...