Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2004 - [Elektronische Ressource]
the model
analysis have persistent (though not permanent) effects on labor productivity, VAR methods will, in small
samples … good firms, which use the funds to pay labor wages. Loan market clearing
requires that:
W
t
H
t
= x
t
M
t
−Q
t
. (2.27)
The … innovations to
technology (both neutral and capital embodied) are the only shocks which affect the level of
labor productivity in …