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Are neutral and investment-specific technology shocks correlated?
Moura, Alban - In: European economic review : EER 139 (2021), pp. 1-12
Persistent link: https://www.econbiz.de/10013270133
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Investment : Specific Technology Shocks and International Business Cycles: An Empirical Assessment
International Monetary Fund - 2010
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …
Persistent link: https://www.econbiz.de/10014397271
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Technology Shocks and Aggregate Fluctuations : How Well Does the RBC Model Fit Postwar U.S. Data?
Galí, Jordi - 2004
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the...
Persistent link: https://www.econbiz.de/10014403910
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News shocks to investment-specific technology in business cycles
Liao, Shian-Yu; Chen, Been-lon - In: European economic review : EER 152 (2023), pp. 1-23
Persistent link: https://www.econbiz.de/10014430221
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The diffusion of technological progress in ICT
Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - In: European economic review : EER 149 (2022), pp. 1-19
Persistent link: https://www.econbiz.de/10013438818
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Investment-specific technological changes : the source of long-run TFP fluctuations
Chen, Kaiji; Wemy, Edouard - In: European economic review : EER 80 (2015), pp. 230-252
Persistent link: https://www.econbiz.de/10011524698
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Investment shocks and consumption
Furlanetto, Francesco; Seneca, Martin - In: European economic review : EER 66 (2014), pp. 111-126
Persistent link: https://www.econbiz.de/10010423084
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Do Technology Shocks Lead to Productivity Slowdowns? : Evidence From Patent Data
Christiansen, Lone Engbo - 2008
This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The … analysis shows that labor productivity may temporarily fall below trend after technological progress. However, the effects on … productivity differ between the pre- and post-World War II periods. The pre-war period shows evidence of a productivity slowdown as …
Persistent link: https://www.econbiz.de/10014401355
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Idiosyncratic shocks and aggregate fluctuations in an emerging market
Grigoli, Francesco; Luttini, Emiliano; Sandri, Damiano - 2021
This paper provides the first assessment of the contribution of idiosyncratic shocks to aggregate fluctuations in an emerging market using confidential data on the universe of Chilean firms. We find that idiosyncratic shocks account for more than 40 percent of the volatility of aggregate sales....
Persistent link: https://www.econbiz.de/10012795043
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Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies
Bhattacharya, Rudrani - 2013
How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...
Persistent link: https://www.econbiz.de/10014395178