Convergent trends in aggregate and firm volatility - DUMAS - Dépôt Universitaire de Mémoires Après Soutenance Access content directly
Master Thesis Year : 2013

Convergent trends in aggregate and firm volatility


This article unearths the determinants of the volatility of aggregate and firm-level production proxied by output and turnover respectively. This article re-visits Comin and Mulani's Note on the diverging trends between aggregate and firm volatility. Similarly to their conclusions, I establish that firm volatility is not driven by a compositional bias in my sample and that it's entirely driven by its covariance element. Contrary to their conclusions, I find a convergence between firm-level and aggregate level volatility due in part to the 2007 financial crisis.
Fichier principal
Vignette du fichier
2013-_POLLACK_Con.pdf (735.24 Ko) Télécharger le fichier

Dates and versions

dumas-00906295 , version 1 (19-11-2013)


  • HAL Id : dumas-00906295 , version 1


Joseph Richard Pollack. Convergent trends in aggregate and firm volatility. Economics and Finance. 2013. ⟨dumas-00906295⟩
134 View
106 Download


Gmail Mastodon Facebook X LinkedIn More