is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen …

is a persistent reallocation shock. First, rates of excess job and sales reallocation over 24-month periods have risen …

shock. Firm‐specific shocks are important for wages given the variation in within‐firm productivity and the patterns of …

oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these … data. The parameterized model is then used to simulate a macro uncertainty shock, which produces a rapid drop and rebound … medium term the increased volatility from the shock induces an overshoot in output, employment and productivity. Thus, second …

oil-price shock and the 9/11 terrorist attack. This paper offers a structural framework to analyze the impact of these … data. The parameterized model is then used to simulate a macro uncertainty shock, which produces a rapid drop and rebound … medium term the increased volatility from the shock induces an overshoot in output, employment and productivity. Thus, second …