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Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
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information on aggregate productivity growth. Yet, a large body of research shows that within-industry variation in productivity … across businesses, even within narrowly defined industries. These differences vary by industry and time and are related to … statistics providing this level of detail, BLS and the Census Bureau partnered to create measures of within-industry productivity …
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is highly disaggregated at the industry level with an input-output network structure. Measured productivity in the model … simulated method of moments using U.S. industry data from 1960 to 2005. We find that the aggregate technology shock has zero … variance. Exogenous shocks to technology are necessary for our model to fit the data, but these shocks are exclusively industry …
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An examination of Swedish manufacturing data on real output and qualitative business tendency survey (BTS) responses from 1968 through 1998 reveals that survey-based attitude data typically improve the fit of simple autoprojective models of manufacturing output growth. It also turns out that...
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