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Attention and Fluctuations in Macroeconomic Uncertainty

Chiang, Yu-Ting - 2022

This paper studies a dispersed information economy in which agents can exert costly attention to learn about an unknown aggregate state of the economy. Under certain conditions, attention and four measures of uncertainty are countercyclical: Agents pay more attention when they expect the economy...

Persistent link: https://www.econbiz.de/10013297934

The Chicago Fed DSGE model : version 2

Campbell, Jeffrey R.; Ferroni, Filippo; Fisher, Jonas D. M. - 2023

, productivity is driven by both neutral and investment specific technical change, multiple price and wage indices identify price and …

Persistent link: https://www.econbiz.de/10014369357

Social distancing and supply disruptions in a pandemic

Bodenstein, Martin; Corsetti, Giancarlo; Guerrieri, Luca - In: Quantitative economics : QE ; journal of the … 13 (2022) 2, pp. 681-721

We integrate an epidemiological model, augmented with contact and mobility analyses, with a two‐sector macroeconomic model, to assess the economic costs of labor supply disruptions in a pandemic. The model is designed to capture key characteristics of the U.S. input-output tables with a core...

Persistent link: https://www.econbiz.de/10013382044

Capital Account Liberalization, Real Wages, and Productivity

Henry, Peter Blair; Sasson, Diego - 2008

more than a quarter of their annual pre-liberalization salary. The increase in the growth rate of labor productivity in the …

Persistent link: https://www.econbiz.de/10014048179

The Unequal Employment Effects of Regulatory Uncertainty

Xie, Zhoudan - 2021

This paper examines how increases in regulatory uncertainty may affect employment and presents empirical evidence that the employment effects of regulatory uncertainty are unequal for workers with different levels of educational attainment. VAR estimations suggest that a regulatory uncertainty...

Persistent link: https://www.econbiz.de/10013211542

The Euro Area's pandemic recession : a DSGE interpretation

Cardani, Roberta; Croitorov, Olga; Giovannini, Massimo; … - 2021

in 2020, complemented by a negative contribution from foreign and investment demand particularly in 2020q2 and a negative …

Persistent link: https://www.econbiz.de/10012650032

Investment in productivity and the long-run effect of financial crises in output

Ridder, Maarten de - 2016

models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a …-level exposure to the 2008-9 financial crisis, I show that tight credit reduced investments in productivity-enhancement, and has … 12% higher today if productivity-enhancing investments had grown at pre-crisis rates. …

Persistent link: https://www.econbiz.de/10011573282

Investment in productivity and the long-run effect of financial crises on output

Ridder, Maarten de - 2016

Persistent link: https://www.econbiz.de/10012171877

Lost in deflation : why Italy's woes are a warning to the whole eurozone

Storm, Servaas - In: International journal of political economy : a journal … 48 (2019) 3, pp. 195-237

Persistent link: https://www.econbiz.de/10012177777

The German manufacturing sector is a granular economy

Wagner, Joachim - 2011 - This version: November 4, 2011

Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Persistent link: https://www.econbiz.de/10009356133