On the granularity of the German economy - first evidence from the top 100 companies panel database

Joachim Wagner; John P. Weche

doi:10.1080/13504851.2020.1722790

On the granularity of the German economy - first evidence from the top 100 companies panel database

Joachim Wagner^*
, John P. Weche

^*Korrespondierende/r Autor/-in für diese Arbeit

Fachhochschule Hamburg

Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › Begutachtung

10 Zitate (Scopus)

Abstract

Applying the approach suggested by Gabaix (Econometrica 2011) this paper uses the newly available Top 100 Companies Panel Database for Germany to demonstrate that idiosyncratic shocks in the largest firms seem not to be important for an understanding of the aggregate volatility of the German economy. This evidence is in contrast with findings for other countries and it differs from earlier results for parts of the German economy.

Originalsprache	Englisch
Zeitschrift	Applied Economics Letters
Jahrgang	27
Ausgabenummer	21
Seiten (von - bis)	1768 - 1771
Seitenumfang	4
ISSN	1350-4851
DOIs	https://doi.org/10.1080/13504851.2020.1722790
Publikationsstatus	Erschienen - 14.12.2020

Fachgebiete und Schlagwörter

Volkswirtschaftslehre

ASJC Scopus Sachgebiete

Volkswirtschaftslehre und Ökonometrie

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10.1080/13504851.2020.1722790

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abstract = "Applying the approach suggested by Gabaix (Econometrica 2011) this paper uses the newly available Top 100 Companies Panel Database for Germany to demonstrate that idiosyncratic shocks in the largest firms seem not to be important for an understanding of the aggregate volatility of the German economy. This evidence is in contrast with findings for other countries and it differs from earlier results for parts of the German economy.",

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AB - Applying the approach suggested by Gabaix (Econometrica 2011) this paper uses the newly available Top 100 Companies Panel Database for Germany to demonstrate that idiosyncratic shocks in the largest firms seem not to be important for an understanding of the aggregate volatility of the German economy. This evidence is in contrast with findings for other countries and it differs from earlier results for parts of the German economy.

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KW - granular residual

KW - Idiosyncratic shocks

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On the granularity of the German economy - first evidence from the top 100 companies panel database

Abstract

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