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Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?

Shapiro, Matthew D. - 1987

Measured productivity is strongly procyclical. Real business cycle theories suggest that actual fluctuations in … productivity are the source of fluctuations in aggregate output. Keynesian theories maintain that fluctuations in aggregate output … to explain the procyclicality of productivity. If observed productivity shocks are true productivity shocks, a function …

Persistent link: https://www.econbiz.de/10012476922

On demand shocks and international business cycle puzzles

Jiang, Mingming - In: Economics letters 160 (2017), pp. 29-32

Persistent link: https://www.econbiz.de/10011903728

The quantitative importance of technology and demand shocks for unemployment fluctuations in a shopping economy

Borys, Paweł; Doligalski, Paweł; Kopiec, Paweł - In: Economic modelling 101 (2021), pp. 1-16

Persistent link: https://www.econbiz.de/10012796555

Hours vs employment in response to demand shocks : evaluating the labor market effects of temporary aggregate demand shocks requires analyzing both employment and hours of work

Hart, Robert A. - 2017

.Work hours can be altered relatively speedily and flexibly, and this strongly relates to employment, labor productivity, and … labor marketsduring the negative shock experienced during the Great Recession. …

Persistent link: https://www.econbiz.de/10011737293

Una discriminazione tra shock da domanda e shock da offerta nel settore manifatturiero italiano

Massidda, Carla - In: Rivista internazionale di scienze economiche e … 42 (1995) 7, pp. 589-618

Persistent link: https://www.econbiz.de/10001190489

Idiosyncratic income risk and aggregate fluctuations

Debortoli, Davide; Galí, Jordi - 2022 - Revised: January 2022

Persistent link: https://www.econbiz.de/10012873157

Business cycles with cyclical returns to scale

Hyun, Jay; Kim, Ryan; Lee, Byoungchan - 2022

We study business cycles with cyclical returns to scale. Contrary to tightly parameterized production functions (Cobb-Douglas and Constant Elasticity of Substitution), we empirically identify strong input complementarity that leads to procyclical returns to scale. We therefore propose a flexible...

Persistent link: https://www.econbiz.de/10013260122

Countercyclical endogenous uncertainty shocks, efficiency wages and procyclical precautionary labor productivity

Grandmont, Jean-Michel - 2017

Persistent link: https://www.econbiz.de/10012196341

Countercyclical endogenous uncertainty shocks, efficiency wages and procyclical precautionary labor productivity

Grandmont, Jean-Michel - 2017 - Revised October 2017

Persistent link: https://www.econbiz.de/10011774730

Total factor productivity and the propagation of shocks : empirical evidence and implications for the business cycle

Mayer, Eric; Rüth, Sebastian; Scharler, Johann - In: Journal of macroeconomics 50 (2016), pp. 335-346

Persistent link: https://www.econbiz.de/10011707900

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