A few large firms have disproportionate influence on economic fluctuations even in large countries. Such multinational firms are likely to transmit shocks across borders. This column argues that foreign affiliates drive the real business-cycle comovement between the region of location and the parent country. A few mechanisms explaining this link are presented.
Farid Toubal, Julien Martin, Jörn Kleinert, 16 November 2013
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Campos, Sturm, 29 May 2018
Events
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12 - 13 September 2018 / Rome, Italy / European Center of Sustainable Development , CIT University
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20 - 21 August 2018 / Goethe University Frankfurt / Central Bank Research Association (CEBRA) and the Research Center SAFE (Sustainable Architecture for Finance in Europe) at Goethe University Frankfurt
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27 - 28 August 2018 / Sala del Sindaco, Palazzo Orsini, Galatina (Lecce) / Banque de France and Paris School of Economics
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19 - 19 September 2018 / London School of Economics / London School of Economics
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16 - 16 November 2018 / San Francisco / Federal Reserve Bank of San Francisco
