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Basile Grassi

Assistant Professor of Economics · Bocconi University

Assistant Professor of Economics at Bocconi University since 2017, and a CEPR Research Fellow and IGIER affiliate. Works on firm dynamics, production networks and macroeconomics.

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Published Quarterly Journal of Economics Online 19 Jun 2025 Published Oct 2025

Bottom-Up Markup Fluctuations

Ariel T Burstein · Vasco M Carvalho · Basile Grassi

The paper asks how firm-level, sector-level, and aggregate markups comove with output at different levels of aggregation, and whether a single structural model can reconcile seemingly contradictory …

Macroeconomics Firm Dynamics Free Read ↗

Published Econometrica Online 1 Jan 2026 Published Jan 2026

The Hitchhiker's Guide to Markup Estimation: Assessing Estimates From Financial Data

Maarten De Ridder · Basile Grassi · Giovanni Morzenti

Using matched data combining physical production records (EAP survey) and financial statements (FARE) for 147,403 firm-years across 18 two-digit manufacturing industries in France (2009–2019), the …

Markups Production Function Estimation Firm Heterogeneity Free Read ↗