Are output growth-rate distributions fat
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Giorgio Fagiolo; Mauro Napoletano; Andrea Roventini
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Article
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2008
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John Wiley and Sons
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English
β 234 KB
## Abstract This work explores some distributional properties of aggregate output growthβrate time series. We show that, in the majority of OECD countries, output growthβrate distributions are well approximated by symmetric exponential power densities with tails much fatter than those of a Gaussian