The Dynamic Effects of Neutral and Investment‐Specific Technology Shocks

By Jonas D. M. Fisher. Journal of Political Economy, 2006

725 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/4ae384c18a0655a2f8e86c2cbefdf0605394cd48

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Citations in the corpus

The financial accelerator in an estimated New Keynesian model (2008, background): “JEL classification: E30; E32; E37; E44; E50 Keywords: Business cycles; Financial accelerator; Investment shocks; Sticky prices”
Intertemporal Substitution and Risk Aversion (2007, background): “Work by Fisher (2006), Mulligan (2001) and others is suggestive of such links. Both use production-based macroeconomic models. Fisher focuses on long run potency of alternative sources of technology shocks. Mulligan (2001) considers consumption - physical return linkages as an alternative to the stu”
Assessing Structural Vars (2006, neutral): “Our strategy differs somewhat from the one pursued in Fisher (2006), who applies a version of the instrumental variables strategy proposed by Shapiro and Watson (1988).”
Labor Share Decline and Intellectual Property Products Capital (2020, neutral): “(17)As in Greenwood, Hercowitz, and Krusell (1997) and Fisher (2006), we identify ISTC as the inverse of the relative price of investment. Under competitive markets, the relative price of investment in terms of consumption is 1 vt ; that is, the price reflects quality. Under noncompetitive markets, ”
Estimating Macroeconomic Models: A Likelihood Approach (2007, neutral): “We combine the laws of motion for the volatility (13)-(15) and the policy function of capital (19) to build: St = f (St−1,Wt; γ) where St = (e st, e st−1) and Wt = (εat, ευt, εdt, ηat, ηυt, ηdt).”
News Driven Business Cycles: Insights and Challenges (2014, neutral): “(26)See for example Greenwood, Hercowitz, and Huffman [1988], Greenwood, Hercowitz, and Krussell [2000] and Fisher [2006]”
Growth Opportunities, Technology Shocks, and Asset Prices (2014, neutral): “As Fisher (2006) points out, the real equipment price experiences an abrupt increase in its average rate of decline in 1982, which could be due to the effect of more accurate quality adjustment in more recent data (see e.g., Moulton (2001)).”
The Structural Dynamics of U.S. Output and Inflation: What Explains the Changes? (2008, background): “and Schorfheide (2004) and Fisher (2006) have shown to be important in explaining output”
Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States (2007, neutral): “…past literature has studied the impact of neutral technology shocks,8 and such shocks also play a prominent role in the recent literature on business cycles and labor market matching.9 Fisher (2006) argues that investment-specific shocks account for much of the variations in average hours worked.”
Trade and the global recession (2016, neutral): “In subsequent work, Fisher (2006), Justiniano, Primiceri, and Tambalotti (2010, 2011), Schmitt-Grohe and Uribe (2012), and Jurado (2015) have identified shocks of this type as a major driver of aggregates, particularly investment, over the business cycle.14 Putting investment efficiency shocks into…”
How Structural Are Structural Parameters? [with Comments and Discussion] (2007, methodology): “Since the NIPA investment deflators are poorly measured, we rely on the investment deflator constructed by Fisher (2006), a series that ends at 2000:Q4.”
Natural rate measures in an estimated DSGE model of the U.S. economy (2008, neutral): “al [2000], Whelan [2003], and Fisher [2006].”
The Global Decline of the Labor Share (2014, neutral): “Consistent with Fisher (2006), however, the series exhibits a clear break around 1980 and declines at a rate closer to 0.”
Financial Factors in Economic Fluctuations (2010, neutral): “[49] Fisher, Jonas D.”