Market Structure, Technology and the Cyclicality of Output* Bruce Petersen and Steven Strongin iqq CO rD rD* CD FEDERAL RESERVE BANK OF CHICAGO Working Papers Series Macroeconomic Issues Research Department Federal Reserve Bank of Chicago November 1992 (WP-92-26) *A different version of the paper was released under the same title designated WP-91 - 19 . FEDERAL RESERVE BANK OF CHICAGO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis