positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive …

positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive …

technology shock measures. We argue that the properties of technology shocks for the manufacturing sector are quite different …

identification procedure, we show that the dominant shock driving total factor productivity (TFP) is akin to a diffusion or news … shock and that shock transmission has changed over time. Specifically, the behavior of hours worked is notably different … shock propagation. …

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'. …

the short run. We use Bayesian estimation to obtain the time profile of equipment capital depreciation in Canadian …