This paper studies monetary policy strategies under endogenous technology dynamics and low r*. Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …

This paper studies monetary policy strategies under endogenous technology dynamics and low r∗. Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …

This paper studies monetary policy strategies under endogenous technology dynamics and low r. Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …

with stochastic variation in home production technology are compared to those from the VAR …

technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for … heterogeneous responses of both employment and net labour flows across states, conditional on a positive technology shock. We build … net labour flows across states following a technology shock. …

needed to reap the benefits of an investment-specific technology shock and gradual labor-market matching, generates hump …-specific technology shocks as a source of business cycle fluctuations compared to a standard real business cycle model …

Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a … source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing …

How do international labor markets respond to a technology shock and what is the main transmission channel across … countries with different labor market institutions? To answer these questions, I identify technology shocks using the approach … margins. Overall, my analysis shows that technology shocks have a negative effect on total hours. This effect is stronger in …

needed to reap the benefits of an investment-specific technology shock and gradual labor-market matching, generates hump …-specific technology shocks as a source of business cycle fluctuations compared to a standard real business cycle model. …