Search Results

Central Bank Independence and challenges during the global pandemic: balancing monetary and fiscal policy objectives,
Marianne Ojo and Marianne Roedl, from University Library of Munich, Germany (2021)
Keywords: counter-cyclical instruments; Effective Lower Bound; interest rate; accommodative monetary policies; asset purchase program; quantitative easing; uncertainty; government bonds; negative interest rates; inflation

Central Bank Digital Currencies and payments: A review of domestic and international implications,
Lilas Demmou and Quentin Sagot, from OECD Publishing (2021)
Keywords: CBDC, central banking, digital currency, international markets, payment systems

On the interaction between monetary and macroprudential policies,
Alberto Martin, Caterina Mendicino and Alejandro Van der Ghote, from European Central Bank (2021)
Keywords: capital requirements, financial frictions, systemic risk

Initial Beliefs Uncertainty and Information Weighting in the Estimation of Models with Adaptive Learning,
Jaqueson Galimberti, from Auckland University of Technology, Department of Economics (2021)
Keywords: expectations, adaptive learning, bounded rationality, macroeconomics

Competition in the Israeli Economy and its Effect on Prices: A Sector-Based Phillips Curve Analysis,
Shulamit Nir, from Bank of Israel (2021)

A Fiscal Rule to achieve debt sustainability in Colombia,
María Angélica Arbeláez, Miguel Benítez, Roberto Steiner and Oscar Valencia, from Fedesarrollo (2021)
Keywords: Regla Fiscal, Deuda Pública, Política Fiscal, Colombia

Cash and crises: No surprises by the virus,
Gerhard Rösl and Franz Seitz, from Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2021)
Keywords: Cash, banknotes, crises, Corona

El balance entre la reapertura y la recuperación. Crecimiento económico del tercer trimestre 2020,
División de Análisis Macroeconómico DAMAC, from Universidad Nacional de Colombia, FCE, CID (2020)
Keywords: análisis macroeconómico, COVID-19, impacto, cuarentena, aislamiento, crisis, Colombia.

Covid-19 and taxes: policies for the post-pandemic recovery,
Oliver Harman, Anders Ditlev Jensen, Farria Naeem, Moussa Saab, Shahrukh Wani and Nick Wilkinson, from London School of Economics and Political Science, LSE Library (2021)
Keywords: covid-19; coronavirus

Incomplete Markets and Parental Investments in Children,
Brant Abbott, from Economics Department, Queen's University (2021)
Keywords: Incomplete Markets, Human Capital, Skill Formation

Does the quality of land records affect credit access of households in India?,
Susan Thomas and Diya Uday, from xKDR (2021)

Involuntary unemployment in overlapping generations model due to instability of the economy and fiscal policy for full-employment,
Yasuhito Tanaka, from University Library of Munich, Germany (2021)
Keywords: overlappling generations model, involuntary unemployment, instability of the economy, negative real balance effect, fiscal policy by seigniorage

An indicator of monetary bias for emerging and dollarized economies The case of Uruguay,
Conrado Brum Civelli and Alfredo Garcia-Hiernaux, from Banco Central del Uruguay (2020)
Keywords: monetary policy bias; multivariate Indicator; Inflation; FAVARMAX

Official statistics release and inflation expectations,
Serafin Frache and Rodrigo Lluberas, from Banco Central del Uruguay (2020)
Keywords: national accounts, agricultural sector, methodology, regions, employment, structure

Expectation dispersion, uncertainty, and the reaction to news,
Benjamin Born, Jonas Dovern and Zeno Enders, from German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin (2020)
Keywords: expectation dispersion, uncertainty, macroeconomic news, stock market, event study, forecaster disagreement

Are neutral and investment-specific technology shocks correlated?,
Alban Moura, from Central Bank of Luxembourg (2021)
Keywords: total factor productivity, relative price of investment, neutral technology, investment-specific technology, long-run covariability, structural VARs.

Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States,
Marie-Helene Felt, Fumiko Hayashi, Joanna Stavins and Angelika Welte, from Bank of Canada (2021)
Keywords: Bank notes; Financial institutions; Financial services; Market structure and pricing; Payment clearing and settlement systems

Growth Accounting in the Dominican Republic 1990-2018: new evidence,
Franco Frizzera and Martín Grandes, from Universidad del Norte (2020)
Keywords: Economic Growth, Dominican Republic, Growth Accounting, ICT Capital, Total Factor Productivity.

Midiendo la calidad del empleo: una aplicación para Ecuador en el periodo de 2007 a 2017,
Mercy Raquel Orellana Bravo, Carlos Julio Rivera Bautista, Pablo Aníbal Beltrán Romero and Diego Danny Ontaneda Jiménez, from Universidad del Norte (2020)
Keywords: calidad del empleo, Ecuador, ponderaciones, análisis de componentes principales policórico, sectores de actividad económica.

FInance, Endogenous TFP, and Misallocation,
Chaoran Chen, Ashique Habib and Xiaodong Zhu, from University of Toronto, Department of Economics (2021)
Keywords: Collateral Constraint, Endogenous Firm Productivity, Firm Dynamics, Misallo- cation, Aggregate Productivity, China

How do laws and regulations affect competitiveness: The role for regulatory impact assessment,
Paul Davidson, Céline Kauffmann and Marie-Gabrielle de Liedekerke, from OECD Publishing (2021)
Keywords: competitiveness, regulatory impact assessment, Regulatory policy

Hierarchical Regularizers for Mixed-Frequency Vector Autoregressions,
Alain Hecq, Marie Ternes and Ines Wilms, from arXiv.org (2022)

The Hockey Stick Phillips Curve and the Zero Lower Bound,
Gregor Boehl and Philipp Lieberknecht, from University of Bonn and University of Mannheim, Germany (2021)
Keywords: Phillips Curve, Financial Frictions, Zero Lower Bound, Disin ation, Forward Guidance

Estimating Policy Functions in Payments Systems Using Reinforcement Learning,
Pablo S. Castro, Ajit Desai, Han Du, Rodney Garratt and Francisco Rivadeneyra, from Bank of Canada (2021)
Keywords: Digital currencies and fintech; Financial institutions; Financial system regulation and policies; Payment clearing and settlement systems

Can shocks to risk aversion explain business cycle fluctuations in Bulgaria (1999-2018)?,
Aleksandar Vasilev, from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski (2021)
Keywords: business cycles, stochastic risk aversion, Bulgaria.

On the leading properties of Business and Consumer Surveys: new evidence from EU countries,
Petar Sorić, Blanka Skrabic Peric and Marina Matošec, from Faculty of Economics and Business, University of Zagreb (2021)
Keywords: Business and Consumer Surveys, Heterogeneous panel Granger causality, disagreement, irrational sentiment, adaptive expectations

Labor market institutions convergence in the European Union,
Alka Obadić, Vladimir Arčabić and Lucija Rogić Dumančić, from Faculty of Economics and Business, University of Zagreb (2021)
Keywords: labor market, institutions, convergence, club convergence, clustering algorithm

Política fiscal subnacional y ciclos económicos en Colombia,
Diana Ricciulli-Marin, Jaime Bonet and Gerson Perez-Valbuena, from Banco de la República, Economía Regional (2021)
Keywords: Política fiscal subnacional, ciclo económico, gasto subnacional, Subnational fiscal policy, economic cycles, subnational expenditure

The Impacts of Interest Rate Changes on US Midwest Farmland Values,
Albulena Basha, Wendong Zhang and Chad Hart, from Center for Agricultural and Rural Development (CARD) at Iowa State University (2021)

Entrepreneurship, growth and productivity with bubbles,
Lise Clain-Chamosset-Yvrard, Xavier Raurich and Thomas Seegmuller, from University of Barcelona School of Economics (2021)
Keywords: Bubble, entrepreneurship, growth, productivity.

Republic of Kosovo: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo,
International Monetary Fund, from International Monetary Fund (2021)
Keywords: ISCR;CR;targeted cash support;Kosovar authorities;bank asset quality;Kosovo authorities;deficit rule

Vietnam: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam,
International Monetary Fund, from International Monetary Fund (2021)
Keywords: ISCR;CR;accommodative monetary policy stance;U.S. dollar;th authorities;State budget;fiscal policy framework; CPI methodology; government financing data; External sector statistics; Global

Honing in on Housing,
Zoe Venter, from ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa (2021)
Keywords: E44; E52; R21

Raising College Access and Completion: How Much Can Free College Help?,
Maria Marta Ferreyra, Carlos Garriga, Juan D. Martin-Ocampo and Angélica María Sánchez Díaz, from Banco de la Republica de Colombia (2021)
Keywords: Higher Education, free college, financial aid, Educación superior, universidad gratuita, ayuda financiera.

The Stalled Jobs Recovery Pushed 1.1 Million Older Workers Out Of The Labor Force,
Owen Davis, Bridget Fisher, Teresa Ghilarducci and Siavash Radpour, from Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2021)
Keywords: older workers, recession, COVID-19, coronavirus, downward mobility, poverty, unemployment, wages, involuntary retirement, retirement, 401k, Medicare, Older Workers Bureau, racial disparities, disparities, inequality

A First in Nearly 50 Years, Older Workers Face Higher Unemployment Than Mid-Career Workers,
Owen Davis, Bridget Fisher, Teresa Ghilarducci and Siavash Radpour, from Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2020)
Keywords: older workers, recession, COVID-19, coronavirus, downward mobility, poverty, unemployment, wages, involuntary retirement, retirement, 401k, Medicare, Older Workers Bureau, racial disparities, disparities, inequality

Over Half of Unemployed Older Workers at Risk of Involuntary Retirement,
Michael Papadopoulos, Bridget Fisher, Teresa Ghilarducci and Siavash Radpour, from Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2020)
Keywords: older workers, recession, COVID-19, coronavirus, downward mobility, poverty, unemployment, wages, involuntary retirement, retirement, 401k, Medicare, Older Workers Bureau

Chartbook: Retirement Insecurity and Falling Bargaining Power,
Retirement Equity Lab, from Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2020)
Keywords: older workers, recession, COVID-19, downward mobility, poverty, unemployment, wages, savings, involuntary retirement, social security, retirement system, 401k

Working Longer Cannot Solve the Retirement Crisis,
Teresa Ghilarducci, Michael Papadopoulos, Bridget Fisher and Anthony Webb, from Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2021)
Keywords: Covid-19, Public health, Social security, Working longer, Workers, Jobs, Unemployment, Risk, Older workers, retirement income, retirement, retirement savings

Default Costs and Self-fulfilling Fiscal Limits in a Small Open Economy,
Sergey Pekarski and Anna Sokolova, from National Research University Higher School of Economics (2021)
Keywords: sovereign default, default costs, fiscal limit, multiple equilibria

Inflation Gap Persistence, Indeterminacy, and Monetary Policy,
Yasuo Hirose, Takushi Kurozumi and Willem Van Zandweghe, from Federal Reserve Bank of Cleveland (2021)
Keywords: Inflation gap persistence; Predictability; Equilibrium indeterminacy; Monetary policy; Non-CES aggregator

Addressing COVID-19 Outliers in BVARs with Stochastic Volatility,
Andrea Carriero, Todd Clark, Massimiliano Marcellino and Elmar Mertens, from Federal Reserve Bank of Cleveland (2021)
Keywords: Bayesian VARs; stochastic volatility; outliers; pandemics; forecasts

Optimal Bailouts in Banking and Sovereign Crises,
Sewon Hur, Cesar Sosa-Padilla and Zeynep Yom, from Federal Reserve Bank of Dallas (2024)
Keywords: bailouts; sovereign defaults; banking crises; Conditional Transfers; Sovereign-bank diabolic loop

Do Expert Experience and Characteristics Affect Inflation Forecasts?,
Jonathan Benchimol, Makram El-Shagi and Yossi Saadon, from Bank of Israel (2020)
Keywords: expert forecast, behavioral economics, survival analysis, panel estimation, global financial crisis

The Interaction Between Domestic Monetary Policy and Macroprudential Policy in Israel,
Jonathan Benchimol, Inon Gamrasni, Kahn Michael, Sigal Ribon, Yossi Saadon, Ben-Ze'Ev Noam, Segal Asaf and Shizgal Yitzchak, from Bank of Israel (2021)
Keywords: financial stability, policy evaluation, banking sector, credit markets, regulation, global financial crisis

Robots at Work? Pitfalls of Industry Level Data,
Karim Bekhtiar, Benjamin Bittschi and Richard Sellner, from Institute for Advanced Studies (2021)
Keywords: Robots, Productivity, Technological Change

Tributación en Colombia: Una aproximación teórica y empírica de la Curva de Laffer,
Juan Herrera Saavedra, Juan Villar Otálora and Jacobo Campo Robledo, from Superintendencia de Industria y Comercio (2020)

The macroeconomic effects of oil supply news: Evidence from OPEC announcements,
Diego Känzig, from University Library of Munich, Germany (2020)
Keywords: Business cycles, oil supply, news shocks, external instruments, high-frequency identification, OPEC announcements

Optimal Transport of Information,
Semyon Malamud, Anna Cieslak and Andreas Schrimpf, from Swiss Finance Institute (2021)
Keywords: Bayesian Persuasion, Information Design, Signalling, Optimal Transport

The Macroeconomic Environment for Jobs in South Sudan: Jobs, Recovery, and Peacebuilding in Urban South Sudan – Technical Report II,
Joseph Mawejje, from The World Bank (2020)
Keywords: oil revenue; oil sector; oil production; market trader; macroeconomic environment; oil price; investment need; inflation; short period of time; infrastructure and service delivery; public investment in infrastructure; barrels per day; Public Employment; oil revenue management; official exchange rate; dual exchange rate; demand for good; exchange rate policy; Exchange rate policies; loss of job; Governance and Accountability; production and export; budget execution report; Fiscal policies; fiscal policy; household disposable income; net oil revenue; burden of disease; lack of demand; accumulation of arrears; cessation of hostility; price of rice; market demand; decline in revenue; barrel of oil; labor market outcome; access to fund; loss of confidence; overvalued exchange rate; tax on imports; natural resource extraction; rate of hire; oil revenue stabilization; foreign exchange market; loss of consumer; increase in prices; multiple exchange rate; high oil price; fuel price; private sector engagement; loss of revenue; oil production decline; exchange rate reform; privileges and immunity; employment in agriculture; extra budgetary spending; access to financing; private sector association; public wage bill; human capital development; agriculture and service; decline in productivity; urban labor force; private sector activity; signs of recovery; Rule of Law; cycle of violence; approved budget; supply of good; number of workers; put pressure; formal sector employment; civil service salary; infrastructure and capital; places of business; financial sector development; macroeconomic and fiscal; parallel market rate; Budget Management; real gdp

Monetary Policy, Firm Heterogeneity, and Product Variety,
Masashige Hamano and Francesco Zanetti, from Birkbeck Centre for Applied Macroeconomics (2020)
Keywords: Monetary policy; firm heterogeneity; product variety; reallocation

Understanding the gains from wage flexibility in a currency union: the fiscal policy connection,
Eiji Okano, from Birkbeck Centre for Applied Macroeconomics (2020)
Keywords: Sticky Wages, Nominal Rigidities, New Keynesian Models, Monetary and Fiscal Policy, Exchange Rate Policy, Currency Union, Fiscal Theory of the Price Level, Bohn Rule

TLAC-eligible debt: who holds it? A view from the euro area,
Carmela Aurora Attinà and Pierluigi Bologna, from Bank of Italy, Economic Research and International Relations Area (2021)
Keywords: bail-in, TLAC, resolution, G-SIB, Covid-19

World interest rates and macroeconomic adjustments in developing commodity producing countries,
Vincent Bodart, Francois Courtoy and Erica Perego, from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2021)
Keywords: Storable commodity, International financial shock, Developing economies

Verification Results For Age-Structured Models Of Economic-Epidemics Dynamics,
Giorgio Fabbri, Fausto Gozzi and Giovanni Zanco, from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2021)
Keywords: COVID-19, macro-dynamic models, epidemiological dynamics, Hilbert spaces, verification theorem

Growth Uncertainty, Rational Learning, and Option Prices,
Mykola Babiak and Roman Kozhan, from The Center for Economic Research and Graduate Education - Economics Institute, Prague (2021)
Keywords: uncertainty; rational learning; business cycles; variance premium; implied volatilities;

Slums and Pandemics,
Luiz Brotherhood, Tiago Cavalcanti, Daniel Da Mata and Cezar Santos, from Faculty of Economics, University of Cambridge (2020)
Keywords: Covid-19, slums, health, social distancing, public policies

Can debt monetisation be helpful for China s post-Covid recovery? Some empirical evidence,
Ziyi Cao and Zhirong Ou, from Cardiff University, Cardiff Business School, Economics Section (2021)
Keywords: Debt monetisation; business cycle; VAR; China

Forecasting Brazilian Inflation with the Hybrid New Keynesian Phillips Curve: Assessing the Predictive Role of Trading Partners,
Carlos A. Medel, from Central Bank of Chile (2021)

A strategic analysis of “Expectations and the neutrality of money”,
Gent Bajraj and Neil Wallace, from Central Bank of Chile (2021)

Probability of Default (PD) Model to Estimate Ex Ante Credit Risk,
Anna Burova, Henry Penikas and Svetlana Popova, from Bank of Russia (2020)
Keywords: ex ante probability of default, corporate credit, credit registry, probability of default mode, credit quality groups, credit spreads

Seasonal adjustment of the Bank of Russia Payment System financial flows data,
Sergei Seleznev, Natalia Turdyeva, Ramis Khabibullin and Anna Tsvetkova, from Bank of Russia (2020)
Keywords: daily seasonal adjustment, time series, sectoral financial flows, Bayesian estimator.

Mortgage regulation and financial vulnerability at the household level,
Knut Are Aastveit, Ragnar Juelsrud and Ella Getz Wold, from Norges Bank (2020)
Keywords: household leverage, financial regulation, macroprudential policy, mortgage markets

Revisiting the New Keynesian policy paradoxes under QE,
Dario Bonciani and Joonseok Oh, from Bank of England (2021)
Keywords: Policy paradoxes; unconventional monetary policy; quantitative easing; liquidity trap; effective lower bound

Epidemic Responses Under Uncertainty,
Michael Barnett, Greg Buchak and Constantine Yannelis, from Becker Friedman Institute for Research In Economics (2020)
Keywords: COVID-19, coronavirus, model uncertainty, dynamic general equilibrium

Does Policy Communication During COVID Work?,
Olivier Coibion, Yuriy Gorodnichenko and Michael Weber, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Subjective expectations, fiscal policy, monetary policy, COVID-19, surveys

U.S. Banks and Global Liquidity,
Ricardo Correa, Wenxin Du and Gordon Liao, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Liquidity, global banks, repos, reserves, covered interest rate parity

The Macroeconomics of Sticky Prices with Generalized Hazard Functions,
Fernando Alvarez, Aleksei Oskolkov and Francesco Lippi, from Becker Friedman Institute for Research In Economics (2020)

Why Do Borrowers Default on Mortgages? A New Method For Causal Attribution,
Peter Ganong and Pascal Noel, from Becker Friedman Institute for Research In Economics (2020)

How Did U.S. Consumers Use Their Stimulus Payments?,
Olivier Coibion, Yuriy Gorodnichenko and Michael Weber, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Expectations, surveys, marginal propensity to consume, labor supply, fiscal policy, COVID-19

Information versus Investment,
Stephen Terry, Toni Whited and Anastasia Zakolyukina, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Information, disclosure, r&d, growth

Business Incomes at the Top,
Wojciech Kopczuk and Eric Zwick, from Becker Friedman Institute for Research In Economics (2020)

Doubling Down on Debt: Limited Liability as a Financial Friction,
Jesse Perla, Carolin Pflueger and Michal Szkup, from Becker Friedman Institute for Research In Economics (2020)

Measuring the Cost of Living in Mexico and the US,
David Argente, Chang-Tai Hsieh and Munseob Lee, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Price index, purchasing power parity, international price comparison

Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion,
Carolin Pflueger and Gianluca Rinaldi, from Becker Friedman Institute for Research In Economics (2020)

Productivity Shocks, Long-Term Contracts and Earnings Dynamics,
Neele Balke and Thibaut Lamadon, from Becker Friedman Institute for Research In Economics (2020)

Are Bigger Banks Better? Firm-Level Evidence from Germany,
Kilian Huber, from Becker Friedman Institute for Research In Economics (2020)

On the Effects of the Availability of Means of Payments: The Case of Uber,
Fernando Alvarez and David Argente, from Becker Friedman Institute for Research In Economics (2020)

Granular Instrumental Variables,
Xavier Gabaix and Ralph Koijen, from Becker Friedman Institute for Research In Economics (2020)

Central Bank Digital Currency: When Price and Bank Stability Collide,
Linda Schilling, Jesús Fernández-Villaverde and Harald Uhlig, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Central bank digital currency, monetary policy, bank runs, financial intermediation, inflation targeting, CBDC trilemma

Parallel Digital Currencies and Sticky Prices,
Harald Uhlig and Taojun Xie, from Becker Friedman Institute for Research In Economics (2020)
Keywords: Private money, cryptocurrency, digital currency, currency choice, monetary policy

The Analytic Theory of a Monetary Shock,
Fernando Alvarez and Francesco Lippi, from Becker Friedman Institute for Research In Economics (2021)

A Prudential trade-off? Leakages and Interactions with Monetary Policy,
Baptiste Meunier and Pedrono Justine, from Banque de France (2021)
Keywords: Monetary Policy, Prudential Policy, Policy Interactions, Spillovers, Prudential Leakages, Internation Banking.

The Dynamic Effects of the ECB’s Asset Purchases: a Survey-Based Identification,
Stéphane Lhuissier and Benoît Nguyen, from Banque de France (2021)
Keywords: Monetary Policy, Asset Purchase Programme, Proxy-SVAR, Eurosystem, ECB, QE

Can we measure inflation expectations using Twitter?,
Cristina Angelico, Juri Marcucci, Marcello Miccoli and Filippo Quarta, from Bank of Italy, Economic Research and International Relations Area (2021)
Keywords: inflation expectations, Twitter data, text mining, big data, survey-based measures, market-based measures, forecasting

Identifying deposits' outflows in real-time,
Edoardo Rainone, from Bank of Italy, Economic Research and International Relations Area (2021)
Keywords: depositors' trust, interbank networks, payment systems, money, control charts, digital economy, financial stability

Whatever it takes to save the planet? Central banks and unconventional green policy,
Alessandro Ferrari and Valerio Nispi Landi, from Bank of Italy, Economic Research and International Relations Area (2021)
Keywords: central bank, monetary policy, quantitative easing, climate change

Entrepreneurship, growth and productivity with bubbles,
Lise Clain-Chamosset-Yvrard, Xavier Raurich and Thomas Seegmuller, from Aix-Marseille School of Economics, France (2021)
Keywords: bubble, entrepreneurship, growth, productivity

Inflation expectations and the pass-through of oil prices,
Knut Are Aastveit, Hilde Bjørnland and Jamie Cross, from Norges Bank (2020)
Keywords: inflation expectations, inflation pass-through, oil prices

Endogenous product scope: Market interlacing and aggregate business cycle dynamics,
Oscar Pavlov and Mark Weder, from University of Tasmania, Tasmanian School of Business and Economics (2021)
Keywords: multi-product firms, business cycles