Search complementarities, aggregate fluctuations, and fiscal policy

We document five novel facts about the role of search effort in forming trading relationships among firms by combining a variety of micro and macro datasets. These facts strongly suggest the presence of search complementarities. To study the implications of these facts for aggregate fluctuations, we...

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Autors principals: Fernandez-Villaverde, J, Mandelman, F, Yu, Y, Zanetti, F
Format: Journal article
Idioma:English
Publicat: Oxford University Press 2024