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dc.contributor.authorBurstein, A.
dc.contributor.authorCarvalho, V. M.
dc.contributor.authorGrassi, B.
dc.date.accessioned2020-12-17T11:40:44Z
dc.date.available2020-12-17T11:40:44Z
dc.date.issued2020-10-14
dc.identifier.otherCWPE2096
dc.identifier.otherC-INET2045
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/315199
dc.description.abstractWe 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.publisherFaculty of Economics, University of Cambridge
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.relation.ispartofseriesCambridge-INET Working Paper Series
dc.rightsAll Rights Reserved
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/
dc.subjectMarkup Cyclicality
dc.subjectOligopolistic Competition
dc.subjectFirm Dynamics
dc.subjectGranularity
dc.subjectAggregate Fluctuations
dc.titleBottom-up Markup Fluctuations
dc.typeWorking Paper
dc.identifier.doi10.17863/CAM.62308


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