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Technology shocks and robust sign restrictions in a euro area SVAR

Peersman, Gert; Straub, Roland - 2004

This paper provides evidence for the impact of technology, labor supply, monetary policy and aggregate spending shocks on hours worked in the Euro area. The evidence is based on a vector autoregression identi?ed using sign restrictions that are consistent with both sticky price and real business...

Persistent link: https://www.econbiz.de/10011604419

Technology shocks and hours worked : a cross-country analysis

Thomet, Jacqueline; Wegmüller, Philipp - 2018

Using a novel data set, we reassess the evidence for (or against) a key implication of the basic RBC model: that aggregate hours worked respond positively to a positive technology shock. Two novel aspects of the analysis are the scope (14 OECD countries) and the inclusion of data on both labor...

Persistent link: https://www.econbiz.de/10011961312

Persistence and cycles in US hours worked

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - In: Economic modelling 38 (2014), pp. 504-511

Persistent link: https://www.econbiz.de/10010418982

Shocks and Frictions under Right-to-Manage Wage Bargaining: A Transatlantic Perspective

Consolo, Agostino; Hertweck, Matthias S. - 2010

Persistent link: https://www.econbiz.de/10011390646

Shocks and frictions under right-to-manage wage bargaining : a transatlantic perspective

Consolo, Agostino; Hertweck, Matthias S. - 2010

This paper introduces staggered right-to-manage wage bargaining into a New Keynesian business cycle model. Our key result is that the model is able to generate persistent responses in output, inflation, and total labor input to both neutral technology and monetary policy shocks. Furthermore, we...

Persistent link: https://www.econbiz.de/10008662486

How important are shocks to the elasticity of aggregate labor supply for business cycle fluctuations?

Vasilev, Aleksandar - 2022

Stochastic shocks to aggregate labor supply elasticity are introduced into a real-business-cycle setup augmented with a detailed government sector. The model is calibrated to Bulgarian data for the period following the introduction of the currency board arrange-ment (1999-2018). The quantitative...

Persistent link: https://www.econbiz.de/10013193765

Tax-and-transfer progressivity and business cycles

Jang, Youngsoo; Sunakawa, Takeki; Yum, Minchul - In: Quantitative economics : QE ; journal of the … 14 (2023) 4, pp. 1367-1400

employment responses across the wage distribution. …

Persistent link: https://www.econbiz.de/10014496528

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10010277955

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

Persistent link: https://www.econbiz.de/10010278021

Employment and output dynamics in a model with social interactions in labor supply

Başkaya, Yusuf Soner; Kilinç̦, Mustafa - 2010

A particular challenge for the macroeconomic models is their inability to match the joint dynamics of employment, wage … which ampli.es the responses of employment and output to exogenous shocks. Our model, consistent with the implications of …: First, we get considerable improvements for the employment, wage and output volatilities in response to technology and …

Persistent link: https://www.econbiz.de/10009157810

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