This paper explores the importance of investment-specific technology changes in anticipated TFP fluctuations. To this … shocks to the relative price of investment. We show in a model with IST diffusion and spillover that the correlation of these … productivity of the rest of the economy …

We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … shock in Tobin's q (cash flow) decreased (increased) since the early 1960s through the early 1980s, increased (decreased …

This paper evaluates the effect of shocks in government investment on private investment and national income, focusing … heterogeneous effect of public investment as regards to infrastructure. Hence, I divide government investment into infrastructure vs … evaluate the dynamic change in private investment and income. The study finds evidence of the crowding-out effect of government …

investment by 24.3 to 48.5% during the COVID-19 crisis, compared to 19% during the Great Financial Crisis (GFC). Using historical … standard demand shock. We then calibrate the demand shock to generate the computed decline in net revenues associated to the … faced by corporates between investment and leverage. It also suggests that, should the estimated gap in net revenues …

This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor … inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs … productivity and production inputs. In addition, these shocks trigger different reactions of certain variables, which can help …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …

rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly …

a positive permanent technology shock along with a rise in labor productivity that are in line with what the data … correlation between hours worked and labor productivity. In this paper, I show that this conjecture is not necessarily correct. In … the basic RBC model, I find that hours worked fall and labor productivity rises after a positive permanent technology …