number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first …

innovations by volatility regimes. We show that a positive shock to temporary agency employment increases overall employment, but …

with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on nine major oil …-run theory. The existence of long-run relations between real output, foreign output and real oil income is established for six of … three decades, the theory suggests that the effect of oil income on the economy's steady state growth rate will vanish …