Technology Shocks and Job Flows

141 citations recorded by the source corpus.

How researchers see this paper

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The Brevity and Violence of Contractions and Expansions (2008, unknown): “Michelacci and Lopez-Salido (2007) explore further their interaction with the adoption of technologies.”
Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States (2007, unknown): “In contrast, Canova, Michelacci and López-Salido (2006) and Michelacci and López-Salido (2006) find that a positive neutral technology shock is associated with an increase in unemployment and a persistent (and permanent) drop in employment while hours per worker increase permanently.”
Do Technology Shocks Lead to a Fall in Total Hours Worked (2004, background): “Their findings have in turn be contested by e.g. Fisher (2002), Christiano et al (2003), Michelacci and Lopez-Salido (2003) and others.”
Inflation Dynamics with Search Frictions: A Structural Econometric Analysis (2008, methodology): “t+1] ( 20 ) As emphasized by Blanchard and Gali, the first term in xt captures the cost of hiring a marginal employed worker, while the second relates to the savings in hiring costs resulting from the reduced hiring needs in period t+1.15 In our setup, ht = Ht/Ut = θtq(θt )= mθ 1−ξ t , so that h δ t”