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Browsing Recerca: working papers, informes, etc. by Author "Gabaix, Xavier"

Browsing Recerca: working papers, informes, etc. by Author "Gabaix, Xavier"

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  • Carvalho, Vasco; Gabaix, Xavier (2010-01-01)
    We investigate the hypothesis that macroeconomic fluctuations are primitively the results of many microeconomic shocks, and show that it has significant explanatory power for the evolution of macroeconomic volatility. We ...

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