Why has the cyclicality of productivity changed? What does it mean?
JG Fernald, JC Wang - Annual Review of Economics, 2016 - annualreviews.org
US labor and total factor productivity have historically been procyclical—rising in booms and
falling in recessions. After the mid-1980s, however, total factor productivity became much …
falling in recessions. After the mid-1980s, however, total factor productivity became much …
[图书][B] Macroeconomic theory
W Michael - 2008 - diglib.globalcollege.edu.et
No subject with a foot in both the academic and public domains like macroeconomics
remains unchanged for long. The search for improved explanations, and the challenge of …
remains unchanged for long. The search for improved explanations, and the challenge of …
An estimated dynamic stochastic general equilibrium model of the euro area
This paper develops and estimates a dynamic stochastic general equilibrium (DSGE) model
with sticky prices and wages for the euro area. The model incorporates various other …
with sticky prices and wages for the euro area. The model incorporates various other …
How has the monetary transmission mechanism evolved over time?
J Boivin, MT Kiley, FS Mishkin - Handbook of monetary economics, 2010 - Elsevier
We discuss the evolution in macroeconomic thought on the monetary policy transmission
mechanism and present related empirical evidence. The core channels of policy …
mechanism and present related empirical evidence. The core channels of policy …
Are technology improvements contractionary?
Yes. We construct a measure of aggregate technology change, controlling for aggregation
effects, varying utilization of capital and labor, nonconstant returns, and imperfect …
effects, varying utilization of capital and labor, nonconstant returns, and imperfect …
The dynamic effects of neutral and investment-specific technology shocks
JDM Fisher - Journal of political Economy, 2006 - journals.uchicago.edu
The neoclassical growth model is used to identify the short-run effects of neutral technology
shocks, which affect the production of all goods homogeneously, and investment-specific …
shocks, which affect the production of all goods homogeneously, and investment-specific …
[图书][B] An agenda for a growing Europe: The Sapir report
Over the past decade European economic integration has seen considerable institutional
success, but the economic performance of the EU has been varied. While macroeconomic …
success, but the economic performance of the EU has been varied. While macroeconomic …
On the empirical (ir) relevance of the zero lower bound constraint
We evaluate the hypothesis that the zero lower bound (ZLB) constraint was, in practice,
irrelevant during the recent ZLB episode experienced by the US economy (the 2009Q1 …
irrelevant during the recent ZLB episode experienced by the US economy (the 2009Q1 …
[图书][B] Macroeconomic theory: a dynamic general equilibrium approach
M Wickens - 2011 - books.google.com
Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook
available today. This revised second edition emphasizes the general equilibrium character …
available today. This revised second edition emphasizes the general equilibrium character …
Firm-specific capital, nominal rigidities and the business cycle
This paper formulates and estimates a three-shock US business cycle model. The estimated
model accounts for a substantial fraction of the cyclical variation in output and is consistent …
model accounts for a substantial fraction of the cyclical variation in output and is consistent …