Showing 1 - 10 of 17,219
Persistent link: https://www.econbiz.de/10003726973
Persistent link: https://www.econbiz.de/10003646505
Persistent link: https://www.econbiz.de/10003774840
Persistent link: https://www.econbiz.de/10003417975
When similar patterns of expansion and contraction are observed across sectors, we call this a business cycle. Yet explaining the similarity and synchronization of these cycles across industries remains a puzzle. Whereas output growth across industries is highly correlated, identifiable shocks,...
Persistent link: https://www.econbiz.de/10003474099
Persistent link: https://www.econbiz.de/10008669964
Persistent link: https://www.econbiz.de/10003939731
This paper constructs a dynamic stochastic general equilibrium model in which labor reallocations between production and organizational tasks generate endogenous TFP movements and also amplify and propagate the effects of exogenous shocks on macroeconomic activity. Organizational tasks in our...
Persistent link: https://www.econbiz.de/10008906064
Persistent link: https://www.econbiz.de/10008659208
The estimation of production functions suffers from an unresolved identification problem caused by flexible inputs, such as intermediate inputs. We develop an identification strategy for production functions based on a transformation of the firm's short-run first order condition that solves the...
Persistent link: https://www.econbiz.de/10009306417