Showing 1 - 4 of 4
Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change skill biased or factor neutral? We exploit rich Norwegian data to answer these questions. A public program with limited funding rolled out broadband access points, and...
Persistent link: https://www.econbiz.de/10013030144
We describe some of the main features of the recent vintage macroeconomic models used for monetary policy evaluation. We point to some of the key differences with respect to the earlier generation of macro models, and highlight the insights for policy that these new frameworks have to offer. Our...
Persistent link: https://www.econbiz.de/10012759756
monotonicity condition. The partial monotonicity condition is implied by standard choice theory and allows for rich heterogeneity …
Persistent link: https://www.econbiz.de/10013293886
We estimate the response of stock prices to exogenous monetary policy shocks using a vector-autoregressive model with time-varying parameters. Our evidence points to protracted episodes in which, after a short-run decline, stock prices increase persistently in response to an exogenous tightening...
Persistent link: https://www.econbiz.de/10013056857