Diverging trends in macro and micro volatility
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Author
Contributions
- Mulani, Sunil. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2004 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
4,500 words, Guess
Page Count
18 pages
Identifiers
- OCLC Control Number57305039
- Open LibraryOL17625285M
Description
"This paper documents the diverging trends in volatility of the growth rate of sales at the aggregate and firm level. We establish that the upward trend in micro volatility is not simply driven by a compositional bias in the sample studied. We argue that this new fact sheds some shadows on the proposed explanations for the decline in aggregate volatility and that, given the symmetry of the diverging trends at the micro and macro level, a common explanation is likely. We conclude by describing one such theory"--National Bureau of Economic Research web site.
Series Statement
- NBER working paper series -- no. 10922.
- Working paper series (National Bureau of Economic Research) -- working paper no. 10922.
Links
Other Editions
- Diverging trends in macro and micro volatility: facts
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