Entry, Exit of Firms Amplify the Business Cycle

Joshua Bernstein (), Alexander Richter and Nathaniel Throckmorton

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: When new businesses are created, they generate new jobs. When unprofitable businesses close, employees lose their jobs. Given the connection between firm entry and exit and changes in employment, it is natural to ask how this entry and exit affects the broader business cycle.

Keywords: Economic conditions; COVID-19 (search for similar items in EconPapers)
Date: 2020-07-14
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:88400

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