Tervala, Juha - In: Economics: The Open-Access, Open-Assessment E-Journal 1 (2008) 2007-15 (Version 2), pp. 1-27
A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...
