We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than productivity dispersion in recessions....

We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...

"What are the short- and medium-term effects of an international-trade shock that increases competition for domestic manufacturing firms? We address this question by combining firm-level investment data from Peruvian manufacturing, bilateral trade-flows between Peru and China, and a quantitative...