Ravn, Morten O.; Simonelli, Saverio - In: Scandinavian Journal of Economics 109 (2008) 4, pp. 743-777
We use a 12-dimensional VAR to examine the aggregate effects of two structural technology shocks and two policy shocks. For each shock, we examine the dynamic effects on the labor market, the importance of the shock for labor market volatility, and the comovement between labor market variables...