Convergence in Macroeconomics: The Labor Wedge*

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How researchers see this paper

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Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor (2009, background): “Shimer (2009) summarizes this literature.”
Is there a trade-off between inflation and output stabilization? (2013, unknown): “These observations, combined with the dubious microfoundations of these shocks (Chari, Kehoe, and McGrattan (2009), Shimer (2009)), suggest that they are likely to re ‡ect mostly observation error, rather than large variations in workers'monopoly power from one quarter to the next.”
Trade Booms, Trade Busts, and Trade Costs (2011, methodology): “We build on this success to show how a large variety of general equilibrium models of international trade can be used to calculate a trade cost wedge akin to the Solow residual in growth models or the ‘labor wedge’ used in structural macro-labor models (e.g., Robert Shimer, 2009).”
The propagation of monetary policy shocks in a heterogeneous production economy (2018, background): “Shimer (2009) stresses the lack of work on heterogeneity in the product market, a channel we are putting forward and expanding upon by allowing for interactions of different heterogeneities.”
Investment shocks and business cycles (2010, unknown): “Chari, Kehoe, and McGrattan (2008), Shimer (2009) ).”