NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Firms, Destinations, and Aggregate Fluctuations

Julian di Giovanni, Andrei Levchenko, Isabelle Mejean

NBER Working Paper No. 20061
Issued in April 2014

---- Acknowledgments ----

We would like to thank the editor (Lars Peter Hansen), two anonymous referees, George Akerlof, Gilles Duranton, Jonathan Eaton, Chris House, Ayhan Kose, Kory Kroft, Julien Martin, Akito Matsumoto, Ryan Monarch, Peter Morrow, Sophie Osotimehin, Tiago Ribeiro, Matthew Shapiro, Rishi Sharma, and seminar participants at various institutions for helpful suggestions. We are especially grateful to Matias Cattaneo for extensive input that greatly improved the paper. Di Giovanni thanks the Marie Curie International Incoming Fellowship FP7-PEOPLE-2013-IIF for financial support under Grant Agreement Number 622959. All remaining errors are our own. This work is supported by a public grant overseen by the French National Research Agency (ANR) as part of the « Investissements d'Avenir » program (Idex Grant Agreement No. ANR -11- IDEX-0003-02 / LabexECODEC No. ANR - 11-LABEX-0047) The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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