The German Manufacturing Sector is a Granular Economy

Joachim Wagner

The German Manufacturing Sector is a Granular Economy

Joachim Wagner

Research output: Working paper › Working papers

Abstract

Using the approach suggested by Gabaix (Econometrica 2011) this paper
demonstrates that idiosyncratic shocks in the largest firms are important for an
understanding of aggregate volatility in German manufacturing industries. The
implications of this finding for theoretical and empirical research and for economic
policy are discussed.

Original language	German
Place of Publication	Lüneburg
Publisher	Institut für Volkswirtschaftslehre der Universität Lüneburg
Number of pages	12
Publication status	Published - 11.2011

Research areas and keywords

Economics, empirical/statistics

Access to Document

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Cite this

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title = "The German Manufacturing Sector is a Granular Economy",

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