scholarly journals Learning, Adaptive Expectations, and Technology Shocks

2008 ◽  
pp. 1.000-37.000
Author(s):  
Kevin X. D. Huang ◽  
◽  
Zheng Liu ◽  
Tao Zha ◽  
◽  
...  
Keyword(s):  
Technology Shocks ◽  
Adaptive Expectations

scholarly journals Learning, Adaptive Expectations, and Technology Shocks

2008 ◽  
Author(s):  
Kevin X. D. Huang ◽  
Zheng Liu ◽  
Tao A. Zha
Keyword(s):  
Technology Shocks ◽  
Adaptive Expectations

scholarly journals Learning, Adaptive Expectations and Technology Shocks

2009 ◽  
Vol 119 (536) ◽  
pp. 377-405 ◽  
Author(s):  
Kevin X.D. Huang ◽  
Zheng Liu ◽  
Tao Zha
Keyword(s):  
Technology Shocks ◽  
Adaptive Expectations

Estimating the Quantitative Importance of Various Sources of Macroeconomic Variability

1994 ◽  
Vol 33 (4II) ◽  
pp. 1073-1087
Author(s):  
Rizwan Thair
Keyword(s):  
Research Agenda ◽  
Oil Price ◽  
Macroeconomic Fluctuations ◽  
Early 20Th Century ◽  
Technology Shocks ◽  
Money Stock ◽  
Price Shocks ◽  
The Business Cycle ◽  
Structural Shifts ◽  
Quantitative Importance

Providing a reasonable explanation for the business cycle has been the research agenda for many economists since the early 20th century, from Mitchell (1913), Pigou (1927) and Adelman and Adelman (1959) to Lucas (1972), Black (1982) and King and Plosser (1984). For a review, see Zarnowitz (1985). Most attempts to explain the sources of macroeconomic fluctuations' attribute the variability in output and prices to only a few sources, sometimes to\mJ.y one. Kydland and Prescott (1982) and others proposed technology shocks as the main source of aggregate variability; Barro (1977) pointed to unanticipated changes in money stock; Lilien (1982) argued for 'unusual structural shifts' such as changes in the demand for goods relative to services, and Hamilton (1983) concluded in favour of oil price shocks.

Necessary Condition for Rationality and Adaptive Expectations Schemes

2014 ◽  
Author(s):  
Mauro Gallegati ◽  
Antonio Palestrini
Keyword(s):  
Necessary Condition ◽  
Adaptive Expectations

scholarly journals LABOR MARKET DYNAMICS UNDER TECHNOLOGY SHOCKS: THE ROLE OF SUBSISTENCE CONSUMPTION

2021 ◽  
pp. 1-29
Author(s):  
Sangyup Choi ◽  
Myungkyu Shim
Keyword(s):  
Labor Market ◽  
Business Cycle ◽  
Developing Economies ◽  
Structural Var ◽  
Market Dynamics ◽  
Technology Shocks ◽  
Structural Factors ◽  
Long Run ◽  
Labor Market Dynamics ◽  
Short Run

This paper establishes new stylized facts about labor market dynamics in developing economies, which are distinct from those in advanced economies, and then proposes a simple model to explain them. We first show that the response of hours worked and employment to a technology shock—identified by a structural VAR model with either short-run or long-run restrictions—is substantially smaller in developing economies. We then present compelling empirical evidence that several structural factors related to the relevance of subsistence consumption across countries can jointly account for the relative volatility of employment to output and that of consumption to output. We argue that a standard real business cycle (RBC) model augmented with subsistence consumption can explain the several salient features of business cycle fluctuations in developing economies, especially their distinct labor market dynamics under technology shocks.

Optimal monetary policy responses to exogenous technology shocks

1999 ◽  
Vol 5 (3) ◽  
pp. 396-396
Author(s):  
Andrea Jao
Keyword(s):  
Monetary Policy ◽  
Technology Shocks ◽  
Optimal Monetary Policy ◽  
Policy Responses

THE SOLOW RESIDUAL FOR AUSTRALIA: TECHNOLOGY SHOCKS OR FACTOR UTILIZATION?

1999 ◽  
Vol 37 (1) ◽  
pp. 136-153 ◽  
Author(s):  
Glenn Otto
Keyword(s):  
Technology Shocks ◽  
Solow Residual
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