Firm Dynamics in News Driven Business Cycle: The Role of Endogenous Survival Rate

Evidences from structural VAR show that new business formation positively co-moves with output under news shocks. The Jaimovich-Rebelo model augmented with firm dynamics can explain the empirical findings. The key assumption is endogenous survival rates for new entrants.

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Year of publication:	2010-11-01
Authors:	Fan, Haichao ; Xu, Zhiwei ; Zou, Wei

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Fan, Haichao and Xu, Zhiwei and Zou, Wei (2010): Firm Dynamics in News Driven Business Cycle: The Role of Endogenous Survival Rate.
Classification:	E32 - Business Fluctuations; Cycles ; E22 - Capital; Investment (including Inventories); Capacity
Source:	BASE

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