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Technology, employment, and the business cycle : do technology shocks explain aggregate fluctuations?
Galí, Jordi - 1996
Persistent link: https://www.econbiz.de/10000945404
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Technology, Employment, and the Business Cycle : Do Technology Shocks Explain Aggregate Fluctuations
Galí, Jordi - 2021
positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …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 …
Persistent link: https://www.econbiz.de/10013246500
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Idiosyncratic income risk and aggregate fluctuations
Debortoli, Davide; Galí, Jordi - 2022 - Revised: January 2022
Persistent link: https://www.econbiz.de/10012873157
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The vanishing procyclicality of labour productivity
Galí, Jordi; Rens, Thijs van - In: The economic journal : the journal of the Royal … 131 (2021) 633, pp. 302-326
Persistent link: https://www.econbiz.de/10012434736
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On the role of technology shocks as a source of business cycles : some new evidence
Galí, Jordi - In: Journal of the European Economic Association 2 (2004) 2/3, pp. 372-380
Persistent link: https://www.econbiz.de/10002095108
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Slow Recoveries : A Structural Interpretation
Galí, Jordi - 2012
An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
Persistent link: https://www.econbiz.de/10013106308
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Slow Recoveries : A Structural Interpretation
Galí, Jordi - 2012
An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
Persistent link: https://www.econbiz.de/10012460574
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Idiosyncratic income risk and aggregate fluctuations
Debortoli, Davide; Galí, Jordi - 2022
Persistent link: https://www.econbiz.de/10012802975
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Real business cycles with involuntary unemployment
Galí, Jordi - 1995
Persistent link: https://www.econbiz.de/10000914308
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The Safety Trap
Caballero, Ricardo J. - 2016
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with high risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe...
Persistent link: https://www.econbiz.de/10013006687