This paper provides evidence for the impact of technology, labor supply, monetary policy and aggregate spending shocks … for the US, evidence of a positive response of hours to technology shocks is found, which is consistent with the … conventional real business cycle interpretation and at odds with sticky price models. In addition, an important role for technology …

key variables to a permanent technology shock and their structural VAR counterparts. In a second step, we compare these …In this paper, we, seek to characterize the dynamic effects of permanent technology shocks and the way in which US …

key variables to a permanent technology shock and their structural VAR counterparts. In a second step, we conduct a …In this paper, we seek to characterize the dynamic effects of permanent technology shocks and the way in which European … permanent technology shocks …

investigate whether employing the narrative monetary shock account as a proxy variable in a VAR model aligns both shock series. We …

investigate whether employing the narrative monetary shock account as a proxy variable in a VAR model aligns both shock series. We …

The speed of inflation adjustment to aggregate technology shocks is substantially larger than to monetary policy shocks …. Prices adjust very quickly to technology shocks, while they only respond sluggishly to monetary policy shocks. This evidence … attention to, subject to a constraint on information flows. In my model, firms pay more attention to technology shocks than to …

cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …