Bottom-up Markup Fluctuations
dc.contributor.author | Burstein, A. | |
dc.contributor.author | Carvalho, V. M. | |
dc.contributor.author | Grassi, B. | |
dc.date.accessioned | 2020-12-17T11:40:44Z | |
dc.date.available | 2020-12-17T11:40:44Z | |
dc.date.issued | 2020-10-14 | |
dc.identifier.other | CWPE2096 | |
dc.identifier.other | C-INET2045 | |
dc.identifier.uri | https://www.repository.cam.ac.uk/handle/1810/315199 | |
dc.description.abstract | We study markup cyclicality in a granular macroeconomic model with oligopolistic competition. We characterize the comovement of firm, sectoral, and economy-wide markups with sectoral and aggregate output following firm-level shocks. We then quantify the model’s ability to reproduce salient features of the cyclical properties of markups in French administrative firm-level data, from the bottom (firm) level to the aggregate level. Our model helps rationalize various, seemingly conflicting, measures of markup cyclicality in the French data. | |
dc.publisher | Faculty of Economics, University of Cambridge | |
dc.relation.ispartofseries | Cambridge Working Papers in Economics | |
dc.relation.ispartofseries | Cambridge-INET Working Paper Series | |
dc.rights | All Rights Reserved | |
dc.rights.uri | https://www.rioxx.net/licenses/all-rights-reserved/ | |
dc.subject | Markup Cyclicality | |
dc.subject | Oligopolistic Competition | |
dc.subject | Firm Dynamics | |
dc.subject | Granularity | |
dc.subject | Aggregate Fluctuations | |
dc.title | Bottom-up Markup Fluctuations | |
dc.type | Working Paper | |
dc.identifier.doi | 10.17863/CAM.62308 |
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Cambridge Working Papers in Economics (CWPE)
A new series of papers from the Faculty of Economics and the Department of Applied Economics, which supersedes the DAE Working Paper series