Comment on "Firm Heterogeneity, Endogenous Entry, and the Business Cycle"
Chapter in NBER book NBER International Seminar on Macroeconomics 2011 (2012), Jeffrey Frankel and Christopher Pissarides, organizers (p. 90 - 95)
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Thanks to Mary Amiti and Aysegul Sahin for useful comments and suggestions. The views expressed here are those of the author, and do not necessarily reect the position of the Federal Reserve Bank of New York, the Federal Reserve System, or any other institution with which the author is affiliated.