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Virtually everywhere? : digitalisation and the euro area and EU economies : degree, effects, and key issues
Anderton, Bob; Jarvis, Valerie; Labhard, Vincent; … - 2020
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012254362
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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
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper inestigates the sources of productivity fluctuations that are...
Persistent link: https://www.econbiz.de/10011756844
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The Business Cycle Implications of Reciprocity in Labor Relations
Danthine, Jean-Pierre - 2009
firms) and a measure of wage entitlement are critical to fit the dynamic responses of hours, wages and inflation to various … significant fall of inflation and nominal wage growth in response to a neutral technology shock …
Persistent link: https://www.econbiz.de/10012721014
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Investment-Specific Technology Shocks and Labor Market Frictions
De Bock, Reinout - 2010
This paper studies the implications of technical progress through investment-specific technical change in a business cycle model with search and matching frictions and endogenous job destruction. The interaction between the capital formation needed to reap the benefits of an investment-specific...
Persistent link: https://www.econbiz.de/10013137439
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Investment-specific technology shocks and labor market frictions
De Bock, Reinout - 2007
This paper studies the implications of technical progress through investment-specific technical change in a business cycle model with search and matching frictions and endogenous job destruction. The interaction between the capital formation needed to reap the benefits of an investment-specific...
Persistent link: https://www.econbiz.de/10011618226
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Responses of Unemployment to Productivity Changes for a General Matching Technology
Ryan, Rich - 2023
Workers separate from jobs, search for jobs, accept jobs, and fund consumption with their wages. Firms recruit workers to fill vacancies, but search frictions prevent firms from instantly hiring available workers. Unemployment persists. These features are described by the...
Persistent link: https://www.econbiz.de/10014348607
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Investment-Specific Technology Shocks and Labor Market Frictions
De Bock, Reinout - 2007
This paper studies the implications of technical progress through investment-specific technical change in a business cycle model with search and matching frictions and endogenous job destruction. The interaction between the capital formation needed to reap the benefits of an investment-specific...
Persistent link: https://www.econbiz.de/10011506629
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Lower for longer under endogenous technology growth
Elfsbacka Schmöller, Michaela; Spitzer, Martin - 2022
strengthens the gains from make-up strategies relative to inflation targeting, especially if policy space is reduced. This result … permanent scars on long-run aggregate supply. Make-up strategies not only foster the alignment of inflation with target but also … inherent make-up element is sufficiently pronounced. Inflation is less responsive to monetary policy due to the interaction …
Persistent link: https://www.econbiz.de/10013172492
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Lower for Longer Under Endogenous Technology Growth
Elfsbacka Schmöller, Michaela; Spitzer, Martin - 2022
strengthens the gains from make-up strategies relative to inflation targeting, especially if policy space is reduced. This result … permanent scars on long-run aggregate supply. Make-up strategies not only foster the alignment of inflation with target but also … inherent make-up element is sufficiently pronounced. Inflation is less responsive to monetary policy due to the interaction …
Persistent link: https://www.econbiz.de/10014078328
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Lower for Longer Under Endogenous Technology Growth
Elfsbacka Schmöller, Michaela; Spitzer, Martin - 2022
strengthens the gains from make-up strategies relative to inflation targeting, especially if policy space is reduced. This result … permanent scars on long-run aggregate supply. Make-up strategies not only foster the alignment of inflation with target but also … inherent make-up element is sufficiently pronounced. Inflation is less responsive to monetary policy due to the interaction …
Persistent link: https://www.econbiz.de/10013294813