Narrow search
Showing 1 - 10 of 2,556
Cover Image
Technology, Employment, and the Business Cycle : Do Technology Shocks Explain Aggregate Fluctuations
Galí, Jordi - 2021
Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive … positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …
Persistent link: https://www.econbiz.de/10013246500
Cover Image
Technology Shocks and Aggregate Fluctuations : How Well Does the Rbs Model Fit Postwar U.S. Data?
Galí, Jordi; Rabanal, Pau - 2022
Our answer: not so well. We reach 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/10014070135
Cover Image
Euro-Productivity and Euro-Jobs Since the 1960s : Which Institutions Really Mattered?
Allard, Gayle J. - 2010
How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe …
Persistent link: https://www.econbiz.de/10012760709
Cover Image
Industrial Relations and Economic Performance Grievances and Productivity
Ichniowski, Casey - 2021
This study documents a significant inverse relationship between grievance rates and productivity. It is argued in the …
Persistent link: https://www.econbiz.de/10013211692
Cover Image
International R&D Spillovers, Trade and Productivity in Major OECD Countries
Nadiri, M. Ishaq; Kim, Seongjun - 2022
In this paper we: (1) estimate the effects of international R&D spillovers on total factor productivity growth of the …
Persistent link: https://www.econbiz.de/10013322116
Cover Image
Labor Market Institutions Around the World
Freeman, Richard B. - 2010
The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory factor for the divergent economic performance of countries and reviews what economists have learned about the effects of these institutions on economic outcomes. It identifies...
Persistent link: https://www.econbiz.de/10012759957
Cover Image
International Risk Sharing in the Short Run and in the Long Run
Baxter, Marianne - 2011
International risk-sharing has far-reaching implications both for economic policy and for basic research in economics. When countries do not share risk, individuals in those countries experience fluctuations in their consumption levels that are undesirable and possibly unnecessary. This paper...
Persistent link: https://www.econbiz.de/10013129220
Cover Image
The Extensive Margin, Sectoral Shares and International Business Cycles
Devereux, Michael B. - 2011
This paper documents some previously neglected features of sectoral shares at business cycle frequencies in OECD economies. In particular, we find that the nontraded sector share of output is as volatile as aggregate GDP, and that for most countries, the nontraded sector is distinctly...
Persistent link: https://www.econbiz.de/10013121594
Cover Image
Asset Prices, Consumption, and the Business Cycle
Campbell, John Y. - 2010
This paper reviews the behavior of financial asset prices in relation to consumption. The paper lists some important stylized facts that characterize US data, and relates them to recent developments in equilibrium asset pricing theory. Data from other countries are examined to see which features...
Persistent link: https://www.econbiz.de/10012763609
Cover Image
Non-Keynesian Effects of Fiscal Policy Changes : International Evidence and the Swedish Experience
Giavazzi, Francesco; Pagano, Marco - 2021
In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a very large expansions in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the first...
Persistent link: https://www.econbiz.de/10013217936