through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …

The paper analyzes the dynamic effects of a total factor productivity shock and an interest rate risk premium shock in … bargaining are introduced. We find that a negative total factor productivity shock primarily has effects on the economy … significantly reduces the initial response of the unemployment rate. In case of a temporary productivity shock, sticky wages imply …

exported primary commodities, imported capital goods and intermediate inputs, and a financial shock, modeled as fluctuations in …

We develop uncertainty indices for the United States and Australia based on freely accessible, real time Google Trends … to unemployment dynamics in Australia is found to be much milder and substantially lower than that of monetary policy …

value. We show that local interactions and serial correlation of aggregate demand shocks play a key role in generating those …