Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market /

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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Bibliografiske detaljer
Hovedforfatter:	Grigoli, Francesco
Andre forfattere:	Luttini, Emiliano, Sandri, Damiano
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2021.
Serier:	IMF Working Papers; Working Paper ; No. 2021/289
Fag:	Business Cycle, Emerging Markets and Firm-Level Shocks Business Fluctuations Cycles Open Economy Macroeconomics
Online adgang:	Full text available on IMF

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