Willi Semmler and Brigitte Young

Author Archive | Willi Semmler and Brigitte Young


Macroeconomic Regimes, Technological Shocks and Employment Dynamics

In this work, we investigate the interrelations among technology, output and employ- ment in the different states of the U.S. economy (recessions vs. expansions). More precisely, we estimate different threshold vector autoregression (TVAR) models with TFP, hours, and GDP, employing the latter as threshold variable, and we assess the ensuing generalized impulse responses of GDP […]

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