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| 01890nam 2200337za 4500 |
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| 001 | 9.828460 |
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| 003 | CaOODSP |
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| 005 | 20221107145040 |
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| 007 | cr ||||||||||| |
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| 008 | 161201s2016 onc ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2016-51E-PDF |
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| 100 | 1 |aKarasik, Leonid. |
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| 245 | 10|aFirm-specific shocks and aggregate fluctuations |h[electronic resource] / |cby Leonid Karasik, Danny Leung and Ben Tomlin. |
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| 260 | |a[Ottawa] : |bBank of Canada, |cc2016. |
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| 300 | |aii, 15 p. |
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| 490 | 1 |aStaff Working Paper, |x1701-9397 ; |v2016-51 |
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| 500 | |a"November 2016." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a"In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by idiosyncratic shocks to large firms. Using data on Canadian firms, this paper examines the contribution of large firms to industry-level fluctuations in gross output, investment and employment in the manufacturing sector. The data suggest that shocks to large firms can explain as much as 46% and 37% of the fluctuations in gross output and investment, respectively, but do not contribute to fluctuations in employment"--Abstract. |
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| 546 | |aAbstract in French. |
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| 692 | 07|2gccst|aManufacturing industry |
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| 692 | 07|2gccst|aMarket analysis |
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| 692 | 07|2gccst|aEconomic analysis |
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| 700 | 1 |aTomlin, Ben. |
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| 700 | 1 |aLeung, Danny. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2016-51|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s534 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-5-2016-51-eng.pdf |
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