Chahrour, Ryan; Chugh, Sanjay K.; Potter, Tristan - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 897-934
TFP news. The identified shock induces strong comovement patterns in output, consumption, investment, employment, and …We identify the main shock driving fluctuations in long‐horizon productivity expectations, consistent with theories of … news shock. The model also matches the empirical patterns of vacancies, labor force participation, hours, and job …