instead to demand factors as the main force behind the strong positive comovement between output and labor input measures …

positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive …

productivity. Agents are hit by heterogeneous productivity shocks, they observe their own productivity and a noisy public signal … regarding aggregate productivity. The shock to this public signal, or quot;news shock,quot; has the features of an aggregate … demand shock: it increases output, employment and inflation in the short run and has no effects in the long run. The dynamics …

are not. We then describe the patterns found in the data and argue that firm and market specific demand shocks help …

competition from demand shocks in export markets – and the induced product mix reallocations – induce productivity changes within … the firm. We then empirically test for this connection between the demand shocks and the productivity of multi …-product firms exporting to those destinations. We find that the effect of those demand shocks on productivity is substantial – and …

. We consider the following shocks: technological change, a demand shift, bad management, and three kinds of international … protection. Demand for import protection increases significantly in all cases, except for the “bad management” shock. Trade … shocks generate more demand for protectionism, and among trade shocks, outsourcing to a developing country elicits greater …

candidates for this role: technology or other shocks that map to TFP movements; news about future productivity; and inflationary … demand shocks of the textbook type. Models aimed at accommodating demand-driven cycles without a strict reliance on nominal …

. Long-run identifying restrictions are used to decompose productivity, hours, and output into technology shocks and non …

preference or more generally a demand shock. More recently two other explanations have been advocated: surprise changes in … technology appear to be an important force, with preference/demand shocks and monetary shocks also playing non-negligible roles …