Search Results - subject:"adjustment costs"

Dispersion over the business cycle : passthrough, productivity, and demand?

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2023

We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than productivity dispersion in recessions....

Persistent link: https://www.econbiz.de/10013488861

Delayed adjustment and persistence in macroeconomic models

Rens, Thijs van; Vukotić, Marija - In: Journal of money, credit and banking : JMCB 55 (2023) 6, pp. 1325-1356

Persistent link: https://www.econbiz.de/10014364284

Congestion in onboarding workers and sticky R&D

Bloesch, Justin; Weber, Jacob P. - 2023

adjustment costs in R&D investment. Using novel, high-frequency productivity data on individual software developers collected …

Persistent link: https://www.econbiz.de/10014425856

Investment and business cycles : focusing on firms' capital adjustment costs

Nam, Changwoo - In: KDI-journal of economic policy 44 (2022) 1, pp. 77-98

This paper empirically verifies that the types of capital adjustment costs serve as an important mechanism in relation … adjustment costs generally assumed to take a quadratic form in macroeconomics are asymmetric and irreversible in the Korean … economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that …

Persistent link: https://www.econbiz.de/10013169284

The long-run effects of corporate tax reforms

Baley, Isaac; Blanco, Andres - 2022

Persistent link: https://www.econbiz.de/10012872588

The long-run effects of corporate tax reforms

Baley, Isaac; Blanco, Andres - 2022

Persistent link: https://www.econbiz.de/10012802882

Dispersion over the business cycle : passthrough, productivity, and demand

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2022

We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...

Persistent link: https://www.econbiz.de/10013256973

Internal adjustment costs of firm-specific factors and the neoclassical theory of the firm

Chetty, V. Karuppan; Heckman, James J. - 2022

appear to be perverse, but when disaggregated obey standard neoclassical properties. Adjustment costs create the appearance …

Persistent link: https://www.econbiz.de/10013463309

Optimal climate policy as if the transition matters

Campiglio, Emanuele; Dietz, Simon; Venmans, Frank - 2022

Persistent link: https://www.econbiz.de/10013502518

Temporal changes in factor adjustment of the Japanese manufacturing industry

Kim, Sangho - In: Cogent economics & finance 10 (2022) 1, pp. 1-13

This study investigated temporal changes in factor adjustment of the Japanese manufacturing industry by applying a dynamic factor model, in which labor and capital were quasi-fixed to a panel of industries from 1972 to 2012. Estimations show that the adjustment speeds, with which factors...

Persistent link: https://www.econbiz.de/10013373070

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