cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in … sufficiently strong, a technology shock also has a negative effect on output in the short run. -- Open economy macroeconomics …

A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in … sufficiently strong, a technology shock also has a negative effect on output in the short run. …