Technology Shocks
Monetary models and technology shocks
... monetary shocks unless cap- ital adjustment costs are ...large technology shocks to match the ...to technology shocks, capital adjustment costs make DNK models equally susceptible to ...
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Technology Shocks and Hours Worked: Checking for Robust Conclusions
... how technology improvements affect the labor market has become an important testing ground for assessing the relative merits of these two approaches: Standard RBC models predict that positive technology ...
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Factor demand linkages, technology shocks, and the business cycle
... by technology and nontechnology shocks in explaining aggregate fluctuations in ...a technology shock, combined with an upward-sloping labor supply ...positive technology shock. Furthermore, he ...
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Factor Demand Linkages, Technology Shocks and the Business Cycle
... of technology shocks focuses on the analysis of aggregate data, where sectoral interactions through factor demand linkages do not ...the technology-hours question with sector level data, but they ...
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On the Identification of Technology Shocks: An Alternative to the Standard Long Run Method
... literature, technology shocks are frequently identified by implementing long-run restrictions in structural vector-autoregressions (VARs) (see, ...identifying technology shocks by imposing ...
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Labor Market Effects of Technology Shocks Biased toward the Traded Sector
... A common feature shared by OECD countries is that technological change takes place at uneven rates across sectors and generates a change in the sectoral composition of labor and output which can be amplified in an open ...
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Do monetary and technology shocks move euro area stock prices?
... and technology shocks to additional tests. If both shocks reflect exogenous innovations to monetary policy and productivity, then they should be uncorrelated to other exogenous shocks or ...
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What Explains the Varying Monetary Response to Technology Shocks in G 7 Countries?
... The remainder of the paper is organized as follows: Section 1 discusses the data we use for empirical investigation and outlines the procedure to achieve identification. Section 2 reviews the econo- metric results. In ...
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Technology Shocks, the Service Sector and Economic Growth
... However, we also show that in models such as that of Dutt, where resources are not fully utilised and there are demand interlinkages between the two sectors, implications of sector-specific technology ...
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Technology Shocks, Statistical Models, and The Great Moderation
... two technology shocks under several statistical specifications for the stochastic processes governing technological ...neutral technology shock is the main driving force in the volatility slowdown, ...
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Financial frictions and the role of investment-specific technology shocks in the business cycle
... of shocks driving the business ...that shocks to entrepreneurial net worth play a key role in the dynamics of ...idiosyncratic shocks in the financial accelerator mechanism is treated as a stochastic ...
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Investment Specific Technology Shocks in a Small Open Economy
... The objective of this paper, therefore, will be to extend the literature on the dynamic behavior of the standard small open economy by considering shocks to IST captured by innovations t[r] ...
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The Impact of ICT Shocks on Business Cycle Some Evidence from Iran
... enhancing technology shocks and employment using annual Iranian ...of shocks—technology and non- technology—along with the long-run restriction that non-technology shocks ...
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Monetary policy with non homothetic preferences
... of shocks: both monetary and technology shocks have larger real e¤ects when the elasticity is increasing, for reasons sim- ilar to those considered in the model without ...
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Can indeterminacy and self fulfilling expectations help explain international business cycles? A preliminary investigation
... Finally, this paper is also related to the recent studies by Raffo (2010) and Karabarbou- nis (2014) who also aim to explain the anomalies in relative international prices and cross- country trade movements via the ...
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The Response of Prices to Technology and Monetary Policy Shocks under Rational Inattention
... The results presented in F igure 1 show that a positive TFP shock has a sudden impact on the GDP de‡ator, with in‡ation dropping contemporaneously to the shock and then quickly converging to zero. In particular, a one ...
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An Analysis of the Empirical Modelling Approaches to the Real Business Cycle (RBC) Model and Aggregate Technology Anyalezu, Nkem Kirk Guthlac
... by technology shocks in generating fluctuations, thereby questioning the adequacy of Solow residual as a good proxy for technology ...for technology shocks whilst, those with, tend to ...
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Estimation of the Basic New Keynesian Model for the Economy of Romania
... real shocks can affect the economy ...monetary shocks doesn’t influence the ...aggregate technology shocks for which there is little evidence; and its predictions about the effects of ...
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Raval_unc_0153D_16315.pdf
... more technology shock, this result suggests that periods of technology shock lead to higher goodwill im- pairment charges, in line with the notion that technology shocks reduce the value of ...
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Monetary policy and wealth effects with international income transfers
... disturbances. Shocks to productivity and wage markups induce a positive comovement of output and ...contrary, shocks to interest rates and price markups induce a negative comovement of output and ...
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