positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …

This paper analyzes the quality of VAR-based procedures for estimating the response of the economy to a shock. We focus … question that has attracted a great deal of attention in the literature: How do hours worked respond to an identified shock? In … all of our examples, as long as the variance in hours worked due to a given shock is above the remarkably low number of 1 …

first look at how WFH practices improved resilience to a major, unanticipated social and economic shock …