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Title:The productivity puzzle and the decline of unions Author(s):MITRA, Aruni
Date:2021Type:Working PaperSeries/Number:EUI MWP; 2021/05Abstract:What explains the sudden vanishing of the procyclicality of productivity in the U.S. during the 1980s? Using cross-sectional evidence from states and industries, this paper argues that lower costs of hiring and firing ...


Title:What can we learn about news shocks from the late 1990s and early 2000s boom-bust period? Author(s):BEN ZEEV, NadavDate:2013Type:Working PaperSeries/Number:EUI MWP; 2013/25Abstract:The boom-bust period of 1997-2003 is commonly viewed as an expectations-driven episode in which overly optimistic expectations about information and communications technology (ICT) were followed by their downward revision. ...
Title:DGSE model evaluation and hybrid models : a comparison Author(s):PACCAGNINI, AlessiaDate:2011Type:Working PaperSeries/Number:EUI MWP; 2011/11Abstract:This paper discusses the estimation of Dynamic Stochastic General Equilibrium (DSGE) models using hybrid models. These econometric tools provide the combination of an atheoretical statistical representation and the theoretical ...
Title:The Role of Curvature in the Transformation Frontier for Measuring Technology Shocks Author(s):MENNUNI, AlessandroDate:2010-10-28Type:Working PaperSeries/Number:EUI MWP; 2010/27Abstract:In the usual version of the neoclassical growth model used to identify neutral (N-Shock) and investment shocks (I-Shock), a linear transformation frontier between consumption and investment goods is assumed. This paper ...
Title:Matching Theory and Data: Bayesian Vector Autoregression and Dynamic Stochastic General Equilibrium Models Author(s):KRIWOLUZKY, AlexanderDate:2009Type:Working PaperSeries/Number:EUI MWP; 2009/27Abstract:This paper shows how to identify the structural shocks of a Vector Autoregression (VAR) while simultaneously estimating a dynamic stochastic general equilibrium (DSGE) model that is not assumed to replicate the data-generating ...