BEGIN:VCALENDAR VERSION:2.0 PRODID:-//jEvents 2.0 for Joomla//EN CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VEVENT UID:f06101ce11ed498f267e1bfc30df2911 CATEGORIES:Seminars CREATED:20180103T165016 SUMMARY:Vasco Carvalho - University of Cambridge DESCRIPTION;ENCODING=QUOTED-PRINTABLE:
Bottom-Up Markup Fluctuations (joint with Ariel Burstein and B asile Grassi)
Ab
strac:
This paper studies properties of markup fluctuations
in an heterogeneous firm environment where there are no aggregate shocks. W
e are interesting in exploring (i) how the cyclicality of markups (i.e. pro
- vs. countercyclical markups) depends on the market structure of the diffe
rent sectors of the economy, (ii) the quantitative importance of firm-level
shocks in aggregate markup fluctuations, and, (iii) the empirical behaviou
r of markup at the firm-, sector-, and, aggregate-level in US and French da
ta.