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New evidence, old puzzles : technology shocks and labor market dynamics

Balleer, Almut - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 363-392

inestigates the sources of productivity fluctuations that are commonly interpreted s technology shocks. I estimate different types … of technology shocks from structural vector autoregressions and reassess the empirical performance of the standard model … based on second moments that are conditional on technology and nontechnology (preference) shocks. Most prominently, the …

Persistent link: https://www.econbiz.de/10011756844

Technology shocks and hours worked : a cross-country analysis

Thomet, Jacqueline; Wegmüller, Philipp - 2018

aggregate hours worked respond positively to a positive technology shock. Two novel aspects of the analysis are the scope (14 … hours. We show that the short-run response of aggregate hours to a positive technology shock is remarkably similar across …

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

State dependence in labor market fluctuations

Pizzinelli, Carlo; Theodoridis, Konstantinos; Zanetti, … - 2020

This paper documents state dependence in labor market fluctuations. Using aThreshold Vector Autoregression model (TVAR), we establish that the unemployment rate, the job separation rate, and the job finding rate exhibit a larger response to productivity shocks during periods with low aggregate...

Persistent link: https://www.econbiz.de/10012179347

News-driven business cycles in SVARs

Bunk, Patrick - 2011

Recent studies proposed news about future technology growth as the main driver of macroeconomic fluctuations. The …

Persistent link: https://www.econbiz.de/10009229732

Macroeconomic regimes, technological shocks and employment dynamics

Ferraresi, Tommaso; Roventini, Andrea; Semmler, Willi - 2016

In this work, we investigate the interrelations among technology, output and employment in the different states of the …

Persistent link: https://www.econbiz.de/10011483831

External shocks, trade margins, and macroeconomic dynamics

D'Addona, Stefano; Cavallari, Lilia - In: Economies : open access journal 8 (2020) 1/6, pp. 1-26

This paper studies the role of the exchange rate regime for trade of new products. It first provides VAR evidence that a rise in external productivity shifts trade away from new products and more so in fixed regimes. Then, it presents a model with firm dynamics in line with this evidence. We...

Persistent link: https://www.econbiz.de/10012168776

Monitoring multicountry macroeconomic risk

Korobilis, Dimitris; Schröder, Maximilian - 2023

We propose a multicountry quantile factor augmeneted vector autoregression (QFAVAR) to model heterogeneities both across countries and across characteristics of the distributions of macroeconomic time series. The presence of quantile factors allows for summarizing these two heterogeneities in a...

Persistent link: https://www.econbiz.de/10014314068

New evidence, old puzzles : technology shocks and labor market dynamics

Balleer, Almut - 2009

interpreted as technology shocks. I estimate different types of technology shocks from structural VARs and reassess the empirical … performance of the standard model based on second moments that are conditional on technology shocks. Most prominently, the model … model lacks non-technological disturbances to replicate the overall sample volatility. In addition, positive technology …

Persistent link: https://www.econbiz.de/10003826953

Monetary policy shocks in open economies and the inflation unemployment trade-off : the case of the Euro Area

Ribba, Antonio - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-12

In this paper, we show that in order to obtain a sound identification of Euro Area monetary policy shocks, one needs to deal with the interaction of the European Central Bank and the US Federal Reserve. In other words, a proper identification of monetary policy shocks for an open economy like...

Persistent link: https://www.econbiz.de/10013168711

The importance of global shocks for national policymakers : rising challenges for central banks

Belke, Ansgar; Rees, Andreas - 2009

economies. However, some other shocks originating in house prices, GDP, technology and long-term interest rate shocks play a …

Persistent link: https://www.econbiz.de/10010207060

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