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~institution:"National Bureau of Economic Research"
~institution:"Vereinte Nationen / Economic Commission for Latin America and the Caribbean"
~person:"Basu, Susanto"
~subject:"Economic growth"
~subject:"Konjunktur"
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Basu, Susanto
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Whither News Shocks?
Barsky, Robert B.
-
2014
prices, consumption, consumer confidence and inflation, robustly predict three outcomes. First, following a news
shock
, TFP … good news, but
investment
, consumer durables purchases and hours worked typically fall on impact. All the quantity …
Persistent link: https://www.econbiz.de/10012457999
Saved in:
2
Are Technology Improvements Contractionary?
Basu, Susanto
-
2004
and non-residential
investment
fall sharply. Output changes little. With a lag of several years, inputs and
investment
…-price models, which predict the results we find: When technology improves, input use and
investment
demand generally fall in the …
Persistent link: https://www.econbiz.de/10012468101
Saved in:
3
Why Is Productivity Procyclical? Why Do We Care?
Basu, Susanto
-
2000
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity: (i) procyclical technology shocks, (ii) widespread imperfect competition and increasing returns, (iii) variable utilization of inputs over the cycle, and (iv) resource...
Persistent link: https://www.econbiz.de/10012470796
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4
Appropriate Technology and Growth
Basu, Susanto
-
1996
We present a model of growth and technology transfer based on the idea that technologies are specific to particular combinations of inputs. We argue that this model is more realistic than the usual specification, in which an improvement in any technique for producing a given good improves all...
Persistent link: https://www.econbiz.de/10012472963
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5
Allocative and Remitted Wages : New Facts and Challenges for Keynesian Models
Basu, Susanto
-
2016
Modern monetary business-cycle models rely heavily on price and wage rigidity. While there is substantial evidence that prices do not adjust frequently, there is much less evidence on whether wage rigidity is an important feature of real world labor markets. While real average hourly earnings...
Persistent link: https://www.econbiz.de/10012456396
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