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Isabelle Méjean (CREST) “Foreign Shocks as Granular Fluctuations”

September 24, 12:15 pm - 1:30 pm

Time: 12:15pm – 13:30 pm
Date: 24th of October 2018
Place: Room 3001

Isabelle Méjean (CREST) “Foreign Shocks as Granular Fluctuations”

Abstract : This paper uses a dataset covering the universe of French firm-level sales, imports, and exports oveer the period 1993-2007, and a quantitative multi-country model to study the international transmission of business cycle shocks at both the micro and the macro levels. The largest firms are both important enough to generate aggregate fluctuations (Gabaix, 2011), and most likely to be internationally connected. This implies that the largest firms are the key channel through which foreign shocks are transmitted to France. Our quantitative framework captures firm-level heterogeneity in both export and intermediate goods import markets.

 

Details

Date:
September 24
Time:
12:15 pm - 1:30 pm
Event Categories:
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Organizers

Edouard CHALLE
Julien PRAT