Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market /
This paper provides the first assessment of the contribution of idiosyncratic shocks to aggregate fluctuations in an emerging market using confidential data on the universe of Chilean firms. We find that idiosyncratic shocks account for more than 40 percent of the volatility of aggregate sales. Alth...
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| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2021.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2021/289 |
| Assuntos: | |
| Acesso em linha: | Full text available on IMF |