our firm-level markup estimates. We document increasing markups in the overall economy throughout the first fifteen years …-to-expenditure ratio, with only a small role for changes in the technology parameters. Two decompositions illustrate that the aggregate … sectors with high markups increase their market share, which raises the aggregate markup, but this is dominated by a negative …

finds that TFP’s correlation with inputs has fallen and that the main reason for this decline is that technology shocks … with more persistent technology shocks since the mid-1980s, causing firms to do less adjustment along the intensive margin …

We study the effects of technology shocks on labor market dynamics. We provide evidence that a positive technology … and price rigidities can be more successful. On this ground, we argue that to explain the effects of technology shocks on …

metropolitan area and country. A general equilibrium model demonstrates that an aggregate positive technology shock increases stock …

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

anticipated technology shocks are an important source of business cycle volatility; the second finds anticipated technology shocks … relative price of investment. With cointegrated neutral and investment-specific technology, anticipated shocks to the common …

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 …

The sticky-price theory has proved fairly successful in explaining the dynamic effects of technology shocks on … claim victory: it fails to account for the observed wage dynamics following technology shocks unless one is willing to … research suggests, provides a better account for the macroeconomic effects of technology shocks on the labor market …