aggregate hours worked respond positively to a positive technology shock. Two novel aspects of the analysis are the scope (14 … hours. We show that the short-run response of aggregate hours to a positive technology shock is remarkably similar across …

technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …

anticipated technology shocks are an important source of business cycle volatility; the second finds anticipated technology shocks … structural news shock model adapted to reproduce the cointegrating relationship between total factor productivity and the … relative price of investment. With cointegrated neutral and investment-specific technology, anticipated shocks to the common …

In this work, we investigate the interrelations among technology, output and employment in the different states of the …

Empirical evidence on the relationship between technology shocks and e.g. hours worked hinges crucially on the … identification of the unobservable technological progress. In this paper, we study different measures of technology in order to find … theory are robust across the approaches. Several versions of the productions function approach and structural VAR models are …

Recent studies proposed news about future technology growth as the main driver of macroeconomic fluctuations. The …

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

response pattern of key macroeconomic variables in each country; and (ii) the identified technology news shock processes …This paper investigates the propagation of technology news shocks within and across industrialised economies. We …-specific structural vector autoregressions (VARs), we document that (i) the identified technology news shocks induce a quite homogeneous …