Business cycle evidence on firm entry

Busniess cycle models with sticky prices and endegenous firm entry make novel predictions on the transmission of shocks through the extensive margin of investment. This paper tests some of these predictions using a vector autoregression with model-based sign restrictions. [...]

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Year of publication:	2008-04-04
Authors:	Lewis, Vivien
Institutions:	Deutsche Bundesbank <Frankfurt, Main> / Volkswirtschaftliche Forschungsgruppe
Subject:	Markteintritt \| Regressionsanalyse \| Konjunkturzyklus

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Table of Contents
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1. Introduction
2. Firm Entry over the business cycle: Unconditional moments
3. DSGE Model with Endogenous Firm Entry
4. Model Dynamics
5. Vector Autoregression
6. VAR Results
7. Modifications of the Benchmark Model
8. Conclusion

Persistent link: https://www.econbiz.de/10005866184