The response of hours worked to technology shocks in the postwar US economy has
increased over time. We offer a structural interpretation of this important time-varying …

In this paper, we examine the labour market properties of business cycle fluctuations for a
group of 15 emerging market economies (EMEs) and the US using annual data from 1970 to …

We study the relationship between hours worked and technology during the postwar period
in the US. We show that the responses of hours to technological improvements have …

The rebalancing of the Chinese economy is analyzed through a heterogeneous taxation of
various types of firms. Based on a two-country dynamic general equilibrium model, the …

This paper shows that a modified real business cycle (RBC) model, one that includes home
production and fiscal spending shocks, can solve one of the RBC puzzles and generates …

This study documents the labor market properties of business cycle fluctuations for a group
of 17 developing economies and the USA. We find that hours worked and employment …