We study the effects of technology shocks on labor market dynamics. We provide evidence that a positive technology … shock leads to a weak response in nominal wage inflation, a modest decline in price inflation, and a modest rise in the real … wage on impact and a permanent rise in the long run. The same shock may lead to a rise or fall in per capita hours …

This paper investigates the extent to which technology and uncertainty contribute to fluctuations in real exchange … rates. Using a structural VAR and bilateral exchange rates, the author finds that neutral technology shocks are important …

news shocks. Thereby, the correlation coefficient between news shocks of a short-run identification scheme and technology …