Career: Heterogeneity and the Macroeconomy: Research and Teaching in the Intersection of Industrial Organization and Macroeconomics

9507978霍瓦特 这个职业补助金的目的是加强经济学的两个分支之间的联系：产业组织和宏观经济学。 产业组织领域最近成功地阐明了企业的几个关键行为特征。 例如，几乎不管行业定义如何，小型和年轻的公司已经被证明比大型和老公司有更多的可变增长率和更高的失败率。 很少有人试图确定这些研究结果对宏观经济行为的影响，也没有太多的重点放在宏观经济力量，可能是塑造这些研究结果在行业层面。 本研究项目将探讨企业层面的微观经济决策与宏观经济之间的相互关系。 重点将是理解宏观经济力量，如财政和货币政策，以及总需求和供应冲击如何影响经营企业类型的分布在广泛的行业选择，以及如何改变企业类型的分布影响总变量的波动，如生产率，创造就业机会，就业和产出。 教育计划需要为本科生和研究生制定宏观经济各个方面的课程顺序。 经济学的学科倾向于过分强调微观经济学和宏观经济学之间的区别，以至于学生们觉得有必要在学习的早期选择哪个子领域。 这往往对学生和整个领域都不利。 研究建议的优点在于微观经济的能力，企业层面的行为表明宏观经济行为的一些有意义的东西，反之亦然。 显然，如果结果提供了深刻的见解，那么从如何教授这些子领域的角度来看，微观经济学和宏观经济学之间的区别可能是不必要的严格。 拟议的课程将详细介绍拟议研究的结果，但也将探讨其他专题。

9507978 Horvath The objective of this CAREER grant is to strengthen the link between two strands of economics: industrial organization and macroeconomics. The field of industrial organization has recently been successful in illuminating several key behavioral characteristics of firms. For example, almost regardless of industry definition, small and young firms have been shown to have much more variable growth rates and higher rates of failure than large and old firms. Little attempt has been made to determine the implications of these findings for the behavior of the macroeconomy, nor has much emphasis been placed on macroeconomic forces that may be shaping these findings at the industry level. This research project would explore the interrelation between the microeconomic decision-making at the firm level and the macroeconomy. The emphasis will be on understanding how macroeconomic forces such as fiscal and monetary policy, as well as aggregate demand and supply shocks affect the distribution of operating firm types in a broad selection of industries, and how the changing distribution of firm types influences fluctuations in aggregate variables such as productivity, job creation, employment, and output. The education plan entails the development of course sequences for undergraduate and graduate student son desegregated aspects of the macroeconomy. The discipline of economias has tended to overemphasize the division between micro and macroeconomics to the point where students feel it necessary to choose early in their studies which subfield to embrace. This often works to the detriment of both the students and the entire field. The merit of the research proposal hinges on the ability of microeconomic, firm-level behavior to indicate something meaningful about macroeconomic behavior and vice-versa. Clearly, if the results provide insightful, then the distinction between microeconomics and macroeconomics from the perspective of how these subfields are taught is perhaps needlessl y stringent. The proposed courses would detail the results of the proposed research but would also explore other topics.