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Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics
NBER Working Paper No. w4241
Number of pages: 44
Posted: 27 Apr 2000
Last Revised: 05 Aug 2022
Peter Bak
, Kan Chen,
José A. Scheinkman
and
Michael Woodford
National Bureau of Economic Research (NBER), National Bureau of Economic Research (NBER), Columbia University and Columbia University, Graduate School of Arts and Sciences, Department of Economics
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