Browsing ECO Working Papers by Subject "Investment-Specific Technical Change"

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Title: Labor-Market Volatility in the Search-and-Matching Model: The Role of Investment-Specific Technology Shocks Author(s): FACCINI, Renato; ORTIGUEIRA, Salvador Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper we assess the contribution of these shocks to the volatility of labor market variables, ...

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