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%T The within-distribution business cycle dynamics of German firms %A Doepke, Joerg %A Weber, Sebastian %J Applied Economics %N 29 %P 3789- %V 42 %D 2009 %= 2011-04-01T04:33:00Z %~ http://www.peerproject.eu/ %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-241873 %X In this paper we analyse stylised facts for Germany’s business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank’s balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales growth regime switching to another regime in the next period, e.g. whether a firm that has witnessed a high growth rate is likely to stay in a regime of high growth or is bound to switch in a regime of low growth in the subsequent period. We find that these probabilities depend on the business cycle position %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info