Capital reallocation between firms is procyclical and productivity-enhancing. However, Russ Cooper and @ImmoSchott find that it does not play a major role in amplifying aggregate productivity variations over the business cycle https://t.co/9MfKARrVTK https://t.co/zJV8PttaQe

Quantitative Economics
Journal Of The Econometric Society
Edited by: Stéphane Bonhomme • Print ISSN: 1759-7323 • Online ISSN: 1759-7331