Fed: Cyclical Fluctuations, Financial Frictions, and Productivity Differences Across Firms
July 06, 2026
July 06, 2026
WASHINGTON, July 6 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2026-047) in June 2026 by Luca Guerrieri, Jinill Kim, and Arsenii Mishin, entitled "Cyclical Fluctuations, Financial Frictions, and Productivity Differences across Firms".
Here are excerpts:
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Within narrowly defined industries, a firm near the top of the productivity distribution produces about twice as much as a firm near the bottom from the sa . . .
Here are excerpts:
* * *
Within narrowly defined industries, a firm near the top of the productivity distribution produces about twice as much as a firm near the bottom from the sa . . .