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Lévy-stable distribution in economics

Lévy-stable distribution in economics

This video was recorded at 4th European Phd Complexity School. In this lecture I will provide an assessment of the role played by the class of Lévy-stable distributions in modern macroeconomics and econometrics. Some emphasis will be put on the distributional features of sectoral-level productivity growth rates, and their implications for macroeconomic theory.... Show More

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