Schumpeterian Technology Shocks ∗

  • Fabio Canova ICREA-UPF David Lopez-Salido
  • Published 2007

Abstract

We analyze the effects of neutral and investment-specific technology shocks on hours worked and unemployment. We characterize the response of unemployment in terms of job separation and job finding rates. Job separation rates mainly account for the impact response of unemployment while job finding rates for movements along its adjustment path. Neutral… (More)

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