Leo Kaas : Citation Profile


Are you Leo Kaas?

Goethe Universität Frankfurt am Main

11

H index

14

i10 index

506

Citations

RESEARCH PRODUCTION:

41

Articles

79

Papers

RESEARCH ACTIVITY:

   22 years (1998 - 2020). See details.
   Cites by year: 23
   Journals where Leo Kaas has often published
   Relations with other researchers
   Recent citing documents: 79.    Total self citations: 26 (4.89 %)

MORE DETAILS IN:
ABOUT THIS REPORT:

   Permalink: http://citec.repec.org/pka235
   Updated: 2020-10-17    RAS profile: 2020-08-24    
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Relations with other researchers


Works with:

Carrillo-Tudela, Carlos (7)

Kocharkov, Georgi (6)

Preugschat, Edgar (5)

Azariadis, Costas (5)

Wen, Yi (4)

Pintus, Patrick (4)

Scholl, Almuth (3)

Gartner, Hermann (3)

Kircher, Philipp (2)

Authors registered in RePEc who have co-authored more than one work in the last five years with Leo Kaas.

Is cited by:

Rinne, Ulf (15)

Zimmermann, Klaus (13)

Baert, Stijn (12)

Pintus, Patrick (11)

Wen, Yi (11)

Ono, Tetsuo (10)

Krause-Pilatus, Annabelle (9)

Weichselbaumer, Doris (9)

Cahuc, Pierre (8)

Visschers, Ludo (6)

Neugart, Michael (6)

Cites to:

Kehoe, Timothy (13)

Levine, David (13)

Azariadis, Costas (11)

Acemoglu, Daron (11)

Silvestre, Joaquim (8)

Bhaskar, V (8)

To, Ted (8)

Shi, Shouyong (8)

Shimer, Robert (8)

Burdett, Kenneth (7)

Arellano, Cristina (7)

Main data


Where Leo Kaas has published?


Journals with more than one article published# docs
Economic Theory6
Journal of Economic Theory4
Economics Letters3
European Economic Review3
Macroeconomic Dynamics3
German Economic Review2
Labour Economics2

Working Papers Series with more than one paper published# docs
IZA Discussion Papers / Institute of Labor Economics (IZA)13
Working Paper Series of the Department of Economics, University of Konstanz / Department of Economics, University of Konstanz11
CESifo Working Paper Series / CESifo9
Working Papers / Federal Reserve Bank of St. Louis5
Economics Series / Institute for Advanced Studies3
Discussion Paper Series 1: Economic Studies / Deutsche Bundesbank2
Post-Print / HAL2

Recent works citing Leo Kaas (2020 and 2019)


YearTitle of citing document
2020Trends in intergenerational homeownership mobility in France between 1960-2015. (2020). Rico, Barbara Castillo. In: AMSE Working Papers. RePEc:aim:wpaimx:2008.

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2019Monetary Policy and Wealth Inequalities in Great Britain: Assessing the role of unconventional policies for a decade of household data. (2019). Fasianos, Apostolos ; Evgenidis, Anastasios. In: Papers. RePEc:arx:papers:1912.09702.

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2019Rising inequalities in access to home ownership among young households in France, 1973-2013. (2019). Garbinti, Bertrand ; Bonnet, carole ; Grobon, Sebastien. In: Working papers. RePEc:bfr:banfra:711.

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2019Immigration, Social Networks and Occupational Mismatch. (2019). Zaharieva, Anna ; Alaverdyan, Sevak. In: Center for Mathematical Economics Working Papers. RePEc:bie:wpaper:612.

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2019The Shifts in Lead-Lag Properties of the US Business Cycle. (2019). Khan, Hashmat ; Brault, Joshua ; Ca, Joshuabraultcmail Carleton. In: Carleton Economic Papers. RePEc:car:carecp:18-03.

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2020Earnings Growth, Job Flows and Churn. (2020). Wiczer, David ; Tanaka, Satoshi ; Warren, Lawrence. In: Working Papers. RePEc:cen:wpaper:20-15.

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2019Distributional effects of surging housing costs under Schwabes Law. (2019). Larin, Benjamin ; Grossmann, Volker ; Steger, Thomas ; Lofflad, Hans Torben. In: CESifo Working Paper Series. RePEc:ces:ceswps:_7684.

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2019Tenure Choice, Portfolio Structure and Long-Term Care - Optimal Risk Management in Retirement. (2019). Hofmann, Maurice ; Fehr, Hans. In: CESifo Working Paper Series. RePEc:ces:ceswps:_7783.

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2019The impact of age at arrival on education and mental health. (2019). Kuijpers, Sonny ; Kattenberg, Mark ; Gerritsen, Sander. In: CPB Discussion Paper. RePEc:cpb:discus:389.

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2019The impact of age at arrival on education and mental health. (2019). Kuijpers, Sonny ; Kattenberg, Mark ; Gerritsen, Sander. In: CPB Discussion Paper. RePEc:cpb:discus:389.rdf.

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2019Productivity Growth, Capital Reallocation and the Financial Crisis: Evidence from Europe and the US. (2019). Haskel, Jonathan ; Corrado, Carol ; Jona-Lasinio, Cecilia. In: CEPR Discussion Papers. RePEc:cpr:ceprdp:13972.

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2020Gender Discrimination in Lending: Evidence from Bankers in the Lab. (2020). de Haas, Ralph ; Brock, Michelle. In: CEPR Discussion Papers. RePEc:cpr:ceprdp:14340.

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2020On the Efficiency of Wage-Setting Mechanisms with Search Frictions and Human Capital Investment. (2020). Dai, Darong ; Tian, Guoqiang. In: Annals of Economics and Finance. RePEc:cuf:journl:y:2020:v:21:i:1:daitian.

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2019Immigration, Social Networks, and Occupational Mismatch. (2019). Zaharieva, Anna ; Alaverdyan, Sevak. In: SOEPpapers on Multidisciplinary Panel Data Research. RePEc:diw:diwsop:diw_sp1033.

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2020The Situation of Female Immigrants on the German Labour Market: A Multi-Perspective Approach. (2020). Giesecke, Johannes ; Salikutluk, Zerrin ; Kroh, Martin. In: SOEPpapers on Multidisciplinary Panel Data Research. RePEc:diw:diwsop:diw_sp1072.

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2020Endogenous cycles from income diversity, capital ownership, and differential savings. (2020). Pecora, Nicolo ; Bohm, Volker ; Agliari, Anna. In: Chaos, Solitons & Fractals. RePEc:eee:chsofr:v:130:y:2020:i:c:s0960077919303819.

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2019The dynamics of inequalities and unequal exchange of labor in intertemporal linear economies. (2019). Yoshihara, Naoki ; Veneziani, Roberto ; Galanis, Giorgos. In: Journal of Economic Dynamics and Control. RePEc:eee:dyncon:v:100:y:2019:i:c:p:29-46.

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2019Geographic reallocation and unemployment during the Great Recession: The role of the housing bust. (2019). Rhee, Serena ; Karahan, Fatih . In: Journal of Economic Dynamics and Control. RePEc:eee:dyncon:v:100:y:2019:i:c:p:47-69.

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2020Strategic gains from discrimination. (2020). Lagerlof, Johan. In: European Economic Review. RePEc:eee:eecrev:v:122:y:2020:i:c:s0014292119302156.

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2020Obesity and hiring discrimination. (2020). Campos-Vazquez, Raymundo ; Gonzalez, Eva. In: Economics & Human Biology. RePEc:eee:ehbiol:v:37:y:2020:i:c:s1570677x19301315.

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2020Information advantage and minimum wage. (2020). Su, Alice Peng-Ju. In: Information Economics and Policy. RePEc:eee:iepoli:v:50:y:2020:i:c:s0167624518301914.

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2019Minority advantage and disadvantage in competition and coordination. (2019). He, Simin. In: Journal of Economic Behavior & Organization. RePEc:eee:jeborg:v:163:y:2019:i:c:p:464-482.

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2019Asset shortages, liquidity and speculative bubbles. (2019). Citanna, A ; Bloise, G. In: Journal of Economic Theory. RePEc:eee:jetheo:v:183:y:2019:i:c:p:952-990.

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2019Who benefits from using property taxes to finance a labor tax wedge reduction?. (2019). Stähler, Nikolai ; Stahler, Nikolai. In: Journal of Housing Economics. RePEc:eee:jhouse:v:46:y:2019:i:c:s1051137718302845.

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2019Productivity growth, capital reallocation and the financial crisis: Evidence from Europe and the US. (2019). Jona-Lasinio, Cecilia ; Haskel, Jonathan ; Corrado, Carol. In: Journal of Macroeconomics. RePEc:eee:jmacro:v:61:y:2019:i:c:12.

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2020Outsourcing recruitment as a solution to prevent discrimination: A correspondence study. (2020). Berson, Clémence ; Valat, Emmanuel ; Laouenan, Morgane. In: Labour Economics. RePEc:eee:labeco:v:64:y:2020:i:c:s0927537120300439.

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2020Lost generations of firms and aggregate labor market dynamics. (2020). Sedlaek, Petr. In: Journal of Monetary Economics. RePEc:eee:moneco:v:111:y:2020:i:c:p:16-31.

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2019Permanent and temporary workers in a matching framework. (2019). Gebauer, Markus. In: Research in Economics. RePEc:eee:reecon:v:73:y:2019:i:2:p:138-148.

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2020Anti-Muslim discrimination in France: Evidence from a field experiment. (2020). Valfort, Marie-Anne. In: World Development. RePEc:eee:wdevel:v:135:y:2020:i:c:s0305750x20301480.

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2019Slow Convergence in Economies with Organization Capital. (2019). , Erzo. In: Staff Report. RePEc:fip:fedmsr:585.

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2020VACANCY CHAINS. (2020). Elsby, Michael ; Ratner, David ; Michaels, Ryan. In: Working Papers. RePEc:fip:fedpwp:88450.

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2019Debt Limits and Credit Bubbles in General Equilibrium. (2019). Phan, Toan ; Martins-da-Rocha, V. Filipe ; Vailakis, Yiannis. In: Working Paper. RePEc:fip:fedrwp:19-19.

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2020How to Retain Global Talent? Economic and Social Integration of Chinese Students in Finland. (2020). Li, Hanwei . In: Sustainability. RePEc:gam:jsusta:v:12:y:2020:i:10:p:4161-:d:360336.

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2019International credit markets and global business cycles. (2019). Wen, Yi ; Pintus, Patrick ; Xing, Xiaochuan. In: Post-Print. RePEc:hal:journl:hal-02075885.

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2019Real Estate Prices and Corporate Investment: Theory and Evidence of Heterogeneous Effects across Firms. (2019). Lecat, Remy ; FOUGERE, DENIS ; Ray, Simon. In: Post-Print. RePEc:hal:journl:hal-02274289.

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2020Trends in intergenerational homeownership mobility in France between 1960-2015. (2020). Castillo, Barbara. In: Working Papers. RePEc:hal:wpaper:halshs-02511116.

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2020Discrimination against foreigners in the U.S. patent system. (2020). de Rassenfosse, Gaétan ; Hosseini, Reza. In: Working Papers. RePEc:iip:wpaper:12.

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2020Reducing Discrimination with Reviews in the Sharing Economy: Evidence from Field Experiments on Airbnb. (2020). Zhang, Dennis J ; Li, Jun ; Cui, Ruomeng. In: Management Science. RePEc:inm:ormnsc:v:66:y:2020:i:3:p:1071-1094.

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2020Why wealth inequality differs between post-socialist countries?. (2020). Salach, Katarzyna ; BRZEZINSKI, Michal . In: Working Papers. RePEc:inq:inqwps:ecineq2020-551.

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2019Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission. (2019). Koeniger, Winfried ; Hintermaier, Thomas. In: IZA Discussion Papers. RePEc:iza:izadps:dp12743.

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2020Racial Discrimination and White First Name Adoption: Evidence from a Correspondence Study in the Australian Labour Market. (2020). Slonim, Robert ; Ooi, Evarn ; Chowdhury, Shyamal. In: IZA Discussion Papers. RePEc:iza:izadps:dp13208.

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2019Wohnungsmarkt und Wohnungspolitik in Deutschland: Situation und Optionen. (2019). Thomsen, Stephan ; Brausewetter, Lars ; Vogt, Daniel. In: IZA Standpunkte. RePEc:iza:izasps:sp97.

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2020Educational supply policies: distortions and labor market performance. (2020). CORReA, MARCIO VERAS ; Benegas, Mauricio. In: Journal of Economics. RePEc:kap:jeczfn:v:129:y:2020:i:3:d:10.1007_s00712-019-00686-4.

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2020Housing, Wealth Accumulation and Wealth Distribution: Evidence and Stylized Facts. (2020). Leite, David ; Woloszko, Nicolas ; Causa, Orsetta. In: LWS Working papers. RePEc:lis:lwswps:30.

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2020The Decline of Secured Debt. (2020). Rajan, Raghuram ; Kumar, Nitish ; Benmelech, Efraim. In: NBER Working Papers. RePEc:nbr:nberwo:26637.

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2019Trade and labour market institutions: A tale of two liberalizations. (2019). Ruggieri, Alessandro. In: Discussion Papers. RePEc:not:notgep:2019-15.

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2020Earnings Growth, Job Flows and Churn. (2020). Wiczer, David ; Tanaka, Satoshi ; Warren, Lawrence. In: Department of Economics Working Papers. RePEc:nys:sunysb:20-03.

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2020Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics. (2020). Barnett, William ; Venturi, Beatrice ; Mattana, Paolo ; Ghosh, Taniya ; Bella, Giobanni. In: MPRA Paper. RePEc:pra:mprapa:98417.

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2020Dynamic Adverse Selection and Belief Update in Credit Markets. (2020). Jang, Inkee ; Kang, Kee-Youn. In: MPRA Paper. RePEc:pra:mprapa:99071.

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2020Unemployment Fluctuations and Currency Returns in the United Kingdom: Evidence from Over One and a Half Century of Data. (2020). GUPTA, RANGAN ; Demirer, Riza ; Kotze, Kevin ; Bathia, Deven. In: Working Papers. RePEc:pre:wpaper:202083.

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2019Explaining Gaps in Educational Transitions Between Migrant and Native School Leavers. (2019). Zimmermann, Markus. In: Rationality and Competition Discussion Paper Series. RePEc:rco:dpaper:156.

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2019Learning Financial Shocks and the Great Recession. (). Suda, Jacek ; Pintus, Patrick. In: Review of Economic Dynamics. RePEc:red:issued:18-210.

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2019General equilibrium effects of immigration in Germany: Search and matching approach. (). Zaharieva, Anna ; Iftikhar, Zainab. In: Review of Economic Dynamics. RePEc:red:issued:18-221.

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2020Intergenerational Debt Dynamics Without Tears. (). Bhattacharya, Joydeep ; Andersen, Torben. In: Review of Economic Dynamics. RePEc:red:issued:18-234.

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2020Hours and Employment Over the Business Cycle: A Structural Analysis. (). Traum, Nora ; Fiori, Giuseppe ; Cacciatore, Matteo. In: Review of Economic Dynamics. RePEc:red:issued:18-263.

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2019Dispersion Over the Business Cycle: Productivity versus Demand. (2019). Clymo, Alex. In: 2019 Meeting Papers. RePEc:red:sed019:1125.

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2020.

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2020.

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2019THE ROUTES TO CHAOS IN THE BITCOINS MARKET. (2019). Siddiqi, H. In: Вестник исследований бизнеса и экономики // Review of Business and Economics Studies. RePEc:scn:00rbes:y:2015:i:3:p:32-38.

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2019Heterogeneous Jobs and the Aggregate Labour Market. (2019). Mukoyama, Toshihiko. In: The Japanese Economic Review. RePEc:spr:jecrev:v:70:y:2019:i:1:d:10.1111_jere.12211.

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2020Prejudices against the unemployed—empirical evidence from Germany. (2020). Gross, Christiane ; Lang, Sebastian ; Jungbauer-Gans, Monika ; Gurr, Thomas. In: Journal for Labour Market Research. RePEc:spr:jlabrs:v:54:y:2020:i:1:d:10.1186_s12651-020-00268-8.

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2019Optimal Mirrleesian taxation in non-competitive labor markets. (2019). Maestri, Lucas ; da Costa, Carlos E. In: Economic Theory. RePEc:spr:joecth:v:68:y:2019:i:4:d:10.1007_s00199-018-1147-3.

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2019Immigrants’ Chances of Being Hired at Times of Skill Shortages: Results from a Factorial Survey Experiment Among German Employers. (2019). Mergener, Alexandra ; Maier, Tobias. In: Journal of International Migration and Integration. RePEc:spr:joimai:v:20:y:2019:i:1:d:10.1007_s12134-018-0598-5.

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2020Mietwohnungsknappheit in Deutschland: Ursachen, Instrumente, Implikationen. (2020). Thomsen, Stephan ; Brausewetter, Lars ; Vogt, Daniel. In: Wirtschaftsdienst. RePEc:spr:wirtsc:v:100:y:2020:i:6:d:10.1007_s10273-020-2680-9.

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2020The contribution of macroeconomic factors in determining the economic growth, export and the agricultural output in agri-based ASEAN economies. (2020). Chankoson, Thitinan ; Somjai, Sudawan ; Chetthamrongchai, Paitoon. In: Entrepreneurship and Sustainability Issues. RePEc:ssi:jouesi:v:7:y:2020:i:3:p:2043-2059.

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2020The Standard Narrative about DSGE Models in Central Banks’ Technical Reports. (2020). Sergi, Francesco. In: The European Journal of the History of Economic Thought. RePEc:taf:eujhet:v:27:y:2020:i:2:p:163-193.

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2020Genetic Fortune: Winning or Losing Education, Income, and Health. (2020). Koellinger, Philipp ; Diprete, Thomas A ; Harden, Kathryn Paige ; Martschenko, Daphne ; Okbary, Aysu ; de Vlaming, Ronald ; Linner, Richard Karlsson ; Kweon, Hyeokmoon. In: Tinbergen Institute Discussion Papers. RePEc:tin:wpaper:20200053.

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2019Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission. (2018). Koeniger, Winfried ; Hintermaier, Thomas. In: Economics Working Paper Series. RePEc:usg:econwp:2018:06.

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2020Why wealth inequality differs between post-socialist countries?. (2020). Sałach, Katarzyna ; Brzeziński, Michał ; Saach, Katarzyna ; Brzeziski, Micha. In: Working Papers. RePEc:war:wpaper:2020-14.

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2019Going the extra mile: Effort by workers and job-seekers. (2019). Villa, Stefania ; Lewis, Vivien ; Hertweck, Matthias. In: Discussion Papers. RePEc:zbw:bubdps:292019.

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2019Differences in euro-area household finances and their relevance for monetary-policy transmission. (2019). Koeniger, Winfried ; Hintermaier, Thomas. In: CFS Working Paper Series. RePEc:zbw:cfswop:637.

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2019Almost identical but still treated differently: hiring discrimination against foreign-born and domestic-born minorities. (2019). Thijsen, Lex ; Veit, Susanne. In: EconStor Open Access Articles. RePEc:zbw:espost:200753.

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2019Taste or statistics? A correspondence study of ethnic, racial and religious labour market discrimination in Germany. (2019). Yemane, Ruta ; Veit, Susanne ; Koopmans, Ruud. In: EconStor Open Access Articles. RePEc:zbw:espost:205261.

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2019Discrimination against Turkish minorities in Germany and the Netherlands: field experimental evidence on the effect of diagnostic information on labour market outcomes. (2019). Yemane, Ruta ; Veit, Susanne ; Lancee, Bram ; Thijssen, Lex. In: EconStor Open Access Articles. RePEc:zbw:espost:207023.

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2019Antidiscrimination Laws, Policy Knowledge and Political Support. (2019). Helbling, Marc ; Ziller, Conrad. In: EconStor Open Access Articles. RePEc:zbw:espost:210480.

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2020Understanding Day Care Enrolment Gaps. (2020). Jessen, Jonas ; Waights, Sevrin ; Schmitz, Sophia. In: EconStor Open Access Articles. RePEc:zbw:espost:222990.

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2019Private debt, public debt, and capital misallocation. (2019). Alimov, Behzod. In: IWH-CompNet Discussion Papers. RePEc:zbw:iwhcom:72019.

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2019Grunderwerbsteuer: Eine Steuer für das 21. Jahrhundert?. (2019). Weichenrieder, Alfons ; Petkova, Kunka. In: SAFE White Paper Series. RePEc:zbw:safewh:58.

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2020Recruitment strategies and match quality - New evidence from representative linked employer-employee data. (2020). Kampkötter, Patrick ; Kampkotter, Patrick ; Haylock, Michael ; Grunau, Philipp ; Brandle, Tobias. In: University of Tübingen Working Papers in Business and Economics. RePEc:zbw:tuewef:134.

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Works by Leo Kaas:


YearTitleTypeCited
2019Wealth Inequality and Homeownership in Europe In: Annals of Economics and Statistics.
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2015Wealth Inequality and Homeownership in Europe.(2015) In: CESifo Working Paper Series.
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2015Wealth Inequality and Homeownership in Europe.(2015) In: Working Paper Series of the Department of Economics, University of Konstanz.
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This paper has another version. Agregated cites: 17
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2015Wealth Inequality and Homeownership in Europe.(2015) In: Annual Conference 2015 (Muenster): Economic Development - Theory and Policy.
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This paper has another version. Agregated cites: 17
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2015Efficient Firm Dynamics in a Frictional Labor Market In: American Economic Review.
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2011Efficient Firm Dynamics in a Frictional Labor Market.(2011) In: CESifo Working Paper Series.
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2011Efficient Firm Dynamics in a Frictional Labor Market.(2011) In: IZA Discussion Papers.
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2011Efficient Firm Dynamics in a Frictional Labor Market.(2011) In: Working Paper Series of the Department of Economics, University of Konstanz.
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This paper has another version. Agregated cites: 77
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2015Efficient Firm Dynamics in a Frictional Labor Market.(2015) In: Working Paper Series of the Department of Economics, University of Konstanz.
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This paper has another version. Agregated cites: 77
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2010Efficient Firm Dynamics in a Frictional Labor Market.(2010) In: 2010 Meeting Papers.
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2013Efficient firm dynamics in a frictional labor market.(2013) In: 2013 Meeting Papers.
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2014Land Collateral and Labor Market Dynamics in France In: AMSE Working Papers.
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2014Land Collateral and Labor Market Dynamics in France..(2014) In: Working papers.
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2014Land Collateral and Labor Market Dynamics in France.(2014) In: CESifo Working Paper Series.
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2016Land collateral and labor market dynamics in France.(2016) In: European Economic Review.
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2016Land collateral and labor market dynamics in France.(2016) In: Post-Print.
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This paper has another version. Agregated cites: 14
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2014Land Collateral and Labor Market Dynamics in France.(2014) In: Working Papers.
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This paper has another version. Agregated cites: 14
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2014Land Collateral and Labor Market Dynamics in France.(2014) In: Working Paper Series of the Department of Economics, University of Konstanz.
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This paper has another version. Agregated cites: 14
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2015Worker Mobility in a Search Model with Adverse Selection In: Working Papers.
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2015Worker mobility in a search model with adverse selection.(2015) In: Journal of Economic Theory.
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This paper has another version. Agregated cites: 4
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2015Worker Mobility in a Search Model with Adverse Selection.(2015) In: IZA Discussion Papers.
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This paper has another version. Agregated cites: 4
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2015Worker Mobility in a Search Model with Adverse Selection.(2015) In: 2015 Meeting Papers.
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2015Land prices, lending to companies and job creations In: Rue de la Banque.
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2015Land prices, lending to companies and job creations.(2015) In: Post-Print.
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This paper has another version. Agregated cites: 0
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2012Ethnic Discrimination in Germanys Labour Market: A Field Experiment In: German Economic Review.
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2010Ethnic Discrimination in Germanys Labour Market: A Field Experiment.(2010) In: IZA Discussion Papers.
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2003Unemployment, Factor Substitution and Capital Formation In: German Economic Review.
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2009Does Equal Pay Legislation Reduce Labour Market Inequality? In: Scandinavian Journal of Economics.
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2006Does Equal Pay Legislation Reduce Labour Market Inequality?.(2006) In: IZA Discussion Papers.
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2010Variable Search Intensity with Coordination Unemployment In: The B.E. Journal of Macroeconomics.
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2004Endogenous Financial Development and Multiple Growth Regimes In: Economic Working Papers at Centro de Estudios Andaluces.
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2015Self-Fulfilling Credit Cycles.(2015) In: Working Papers.
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2016Does Homeownership Promote Wealth Accumulation?.(2016) In: Working Paper Series of the Department of Economics, University of Konstanz.
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2012Capital misallocation and aggregate factor productivity.(2012) In: Working Papers.
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2002Imperfectly Competitive Cycles with Keynesian and Walrasian Features.(2002) In: The School of Economics Discussion Paper Series.
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2011Human capital investment with competitive labor search In: European Economic Review.
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2007Asset price fluctuations without aggregate shocks In: Journal of Economic Theory.
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