Similar Search Results

Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?

Shapiro, Matthew D. - 1987

Measured productivity is strongly procyclical. Real business cycle theories suggest that actual fluctuations in … productivity are the source of fluctuations in aggregate output. Keynesian theories maintain that fluctuations in aggregate output … to explain the procyclicality of productivity. If observed productivity shocks are true productivity shocks, a function …

Persistent link: https://www.econbiz.de/10012476922

Hours vs employment in response to demand shocks : evaluating the labor market effects of temporary aggregate demand shocks requires analyzing both employment and hours of work

Hart, Robert A. - 2017

.Work hours can be altered relatively speedily and flexibly, and this strongly relates to employment, labor productivity, and … labor marketsduring the negative shock experienced during the Great Recession. …

Persistent link: https://www.econbiz.de/10011737293

Idiosyncratic income risk and aggregate fluctuations

Debortoli, Davide; Galí, Jordi - 2022 - Revised: January 2022

Persistent link: https://www.econbiz.de/10012873157

Business cycles with cyclical returns to scale

Hyun, Jay; Kim, Ryan; Lee, Byoungchan - 2022

We study business cycles with cyclical returns to scale. Contrary to tightly parameterized production functions (Cobb-Douglas and Constant Elasticity of Substitution), we empirically identify strong input complementarity that leads to procyclical returns to scale. We therefore propose a flexible...

Persistent link: https://www.econbiz.de/10013260122