Similar Search Results

Business Cycles, Investment Shocks, and the "Barro-King" Curse

Ascari, Guido - 2016

Recent empirical evidence identifies investment shocks as key driving forces behind business cycle fluctuations. However, existing New Keynesian models emphasizing these shocks counterfactually imply a negative unconditional correlation between consumption growth and investment growth, a weak...

Persistent link: https://www.econbiz.de/10012455739

Labor's Share of the Business Cycle : Do Biased Technology Shocks Cause Business Cycles?

Young, Andrew T. - 2004

A recent paper by Young (2004) demonstrated that biased technical changes, in the form of shocks to labor's share/elasticity, can drive economically large fluctuations in a real business cycle (RBC) model. We examine the cyclical properties of 4 quarterly measures of US labor's share from 1959...

Persistent link: https://www.econbiz.de/10014068566

Investment Shocks and the Relative Price of Investment

Justiniano, Alejandro - 2009

We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the relative price of investment. The second shock affects...

Persistent link: https://www.econbiz.de/10013153123

R&D and Aggregate Fluctuations

Artuc, Erhan - 2014

United States Bureau of Economic Analysis and National Science Foundation, we show that technology innovations are the main …. After taking nominal innovations into consideration, such as shocks in monetary policy and inflation, capital investment … in the output of the non-R&D sector. Technology innovations jointly explain most of the variation of output in the R …

Persistent link: https://www.econbiz.de/10013066265

Progress in economics

Boumans, Marcel; Herfeld, Catherine - 2022

Persistent link: https://www.econbiz.de/10013166937

Mechanization and Economic Fluctuation

Nakamura, Masakatsu - 2018

This paper analyzes the technical change characterized by replacing labor with machinery in the production process. Generally, this type of technical change does not alter total factor productivity (TFP). Meanwhile, there exists a complementary relationship between the technical change and...

Persistent link: https://www.econbiz.de/10012910094

Technical progress and economic growth : business cycles and stabilization policies

Nardini, Franco - 2001

Persistent link: https://www.econbiz.de/10013278101

Technological innovation and the Great Depression

Szostak, Rick - 1995

Persistent link: https://www.econbiz.de/10013534944

Technical Progress and Economic Growth : Business Cycles and Stabilization Policies

Nardini, Franco - 2001

The book revisits the subject matter of macroeconomic theory in a two-sector disequilibrium model inspired by the structural theories of the business cycle developed by Tugan-Baranowski, Aftalion, Fanno, and Lowe. The functioning of each market is modeled following Hicks: the features of each...

Persistent link: https://www.econbiz.de/10013519385

R&D and Aggregate Fluctuations

Artuc, Erhan; Pourpourides, Panayiotis M. - 2014

Empirical observations raise interesting questions regarding the sources of the excessive volatility in the R&D sector as well as the nature of the relation between the sector and aggregate fluctuations. Using US data for the period 1959–2007, we identify sectoral technology and capital...

Persistent link: https://www.econbiz.de/10012564318

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