Results 11 to 20 of about 74,744 (44)
Skill Remoteness and Post-Layoff Labor Market Outcomes
Social Science Research NetworkLocal skill remoteness captures the dissimilarity between the skill profiles of a worker’s last job and other jobs in a local labor market. Higher skill remoteness at layoff is associated with persistently lower earnings after layoff, a higher ...
Claudia Macaluso
semanticscholar +1 more source
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
American Economic Journal: Macroeconomics, 2016 We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model with an endogenous
D. Anzoategui +3 more
semanticscholar +1 more source
The Term Structure of Growth-at-Risk
Social Science Research Network, 2018 We show that the conditional distribution of forecasted GDP growth depends on financial conditions in a panel of 11 advanced economies. Financial conditions have a larger effect on the lower fifth percentile of conditional growth—which we call growth-at ...
T. Adrian +3 more
semanticscholar +1 more source
Rational Inattention and the Business Cycle Effects of Productivity and News Shocks
Social Science Research NetworkWe solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates of employment, investment, and output are about as persistent as in the data, with an amount of inattention consistent with survey ...
Bartosz Mackowiak, Mirko Wiederholt
semanticscholar +1 more source
Sources of Displaced Workers’ Long-Term Earnings Losses
The American Economic Review, 2017 We estimate the magnitudes of reduced earnings, work hours, and wage rates of workers displaced during the Great Recession using linked employer-employee panel data from Washington state.
Marta Lachowska +2 more
semanticscholar +1 more source
The American Economic Review, 2018 We propose a new strategy for dissecting the macroeconomic time series, provide a template for the business-cycle propagation mechanism that best describes the data, and use its properties to appraise models of both the parsimonious and the medium-scale ...
G. Angeletos, F. Collard, Harris Dellas
semanticscholar +1 more source
Social Science Research Network, 2008 In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad) Macroeconomic Projection Exercises regularly undertaken by ECB/Eurosystem staff.
K. Christoffel, G. Coenen, A. Warne
semanticscholar +1 more source
The Evolution of Local Labor Markets after Recessions
Social Science Research NetworkThis paper studies how US local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find areas that lose more jobs during the recession experience persistent relative declines in ...
Brad J. Hershbein, B. Stuart
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Social Science Research NetworkThis paper proposes a central fiscal capacity for the euro area that generates transfers in response to euro area, country, and region-specific shocks.
R. Beetsma +2 more
semanticscholar +1 more source
Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications
, 2012 Gabriel Jiménez +3 more
semanticscholar +1 more source