shock once one allows for the possibility that the process for the permanent technology shock is slightly persistent in … a positive permanent technology shock along with a rise in labor productivity that are in line with what the data …

news shock through their identification. However, the news shock leads to a stock market boom with a negligible impact on …

The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper … exchange rate following a certain exogenous shock, with a structural econometric approach using data for Sweden, a small … shock is rather small. Importantly, this shock is not the most important driver of exchange rate fluctuations, unlike what …