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The role of technology and nontechnology shocks in business cycles

Watanabe, Shingo - In: International economic review 53 (2012) 4, pp. 1287-1321

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The impact effects of investment-specific technology shocks in a small open economy : value function iteration approach

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News shocks to investment-specific technology in business cycles

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A RBC model for explaining cyclical labor market features

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Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...