[PDF] Top 20 CES technology and business cycle fluctuations

... endogenous fluctuations in the labour share while maintaining the CD assumption in ...(non-constant CES in the short run and CD in the long run) and are able to replicate and match the cyclical behaviour of ... See full document

... Permanent repository link: http://openaccess.city.ac.uk/12649/ Link to published version: http://dx.doi.org/10.1016/j.jedc.2015.09.006 Copyright and reuse: City Research Online aims to m[r] ... See full document

... investment technology adopted in the ...accumulation technology instead of trading assets on financial ...investment-specific technology shocks (ISTSs) can account for large fractions of ... See full document

... idiosyncratic technology shocks are essential for modelling firm defaults in ...for business cycle ...to technology shocks that are consistent with empirical ... See full document

... idiosyncratic technology shocks are essential for modelling firm defaults in ...for business cycle ...to technology shocks that are consistent with empirical ... See full document

... explain business cycles based on shifts in ex- pectations has emerged (referred to as the “news” ...real business cy- cle (RBC) model by the work of Beaudry and Portier (2004) (henceforth BP) and Jaimovich ... See full document

... production technology and the organizational innovation knowledge play a crucial role in productivity performance since they are the main drivers of firm level of ... See full document

... positive technology shock (procyclical otherwise but not procyclical around this time) helped to alleviate the downturn and contributed to the pickup in investment activities in ... See full document

... Overall technology and nontech- nology shocks seem to be equally important for explaining aggregate ...clear. Technology shocks appear to account for most of the cyclical volatility in the second part of ... See full document

... technology shocks to address different questions in an international dimension have been studied in other papers previously, such as Boileau (2002), Raffo (2010) or Mandelman et ...specific technology ... See full document

... if technology shocks are the only source of fluctuations, the sticky price model predicts a negative correlation between hours and productivity growth, whereas the corresponding comovement conditioned on ... See full document

... Although a quantitative evaluation of the importance of matching e¢ ciency shocks is not the objective of this paper, impulse responses in …gure 2, and in particular the sign of the vacancy response, can give some ... See full document

... transitory technology shock tends to depreciate the real exchange rate, however the negative permanent productivity shock leads to a real appreciation of the currency, explained by the monetary policy tightening ... See full document

... financial technology. As the financial technology becomes more accurate, the amount of resources spent by financial in­ termediaries in generating information about loan applications ...real business ... See full document

... different technology and preferences than those in our benchmark prototype ...the business cycle, frictions driving that wedge are unchanged by dif- ferent labor supply elasticities and worsened by ... See full document

... Although for most sub-groups our analyses restricted to regions with higher levels of registration yielded simi- lar estimates as those for the full sample, differences in estimates for young (20–44) and older men (65+) ... See full document

... Chauvet (1998) and Stock and Watson (1989) find that monthly ENAP is a lagging rather than a coincident variable, as it is necessary to introduce a high order autoregressive process to eliminate the misspecification in ... See full document

... Alfv´enic fluctuations, and energy and momentum flux densities to obtain a com- plete description of solar wind ...solar cycle dependence of scaling seen in geomagnetic indices (Hnat et ... See full document

... the business cycle is of interest in try- ing to understand cyclical impacts on small ...recent business cycle literature has fo- cused on impacts by business ..."business ... See full document

... When the money market rate falls, economic agents are considered as reacting to this signal by adjusting their expectations. Here, agents are influenced by the difference between the real interest rate and the natural ... See full document