rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper … inestigates the sources of productivity fluctuations that are commonly interpreted s technology shocks. I estimate different types … correlation of productivity with unemployment and job finding that is conditional on both technology and nontechnology shocks. …

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 …

productivity of the rest of the economy …

correlations of hours and productivity in response to technology shocks ('productivity-hours puzzle'). In this paper we show that … by just enhancing the standard frame- work with investment adjustment costs can resolve the 'productivity-hours puzzle'. …

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 …

", as proxied by productivity growth shocks - in line with the Real Business Cycle framework -, and we provide empirical …

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …

measurement of labor input as well as determining the effect of productivity shocks on labor, but a number of questions remain. As … for measurement, the issue of schooling needs further work. As for calculating the long-run impact of labor productivity …-term identification delivers more reasonable results. -- technological progress ; business cycles ; hours worked ; labor productivity …