Existing Real Business Cycle (RBC) models assume that the key impulses to business cycles are stochastic technology shocks. RBC analysts typically measure these technology shocks by the Solow residual
A set of Matlab files and Excel files to replicate the numerical results in "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks" and its Online Appendix. This paper so
This paper compares the Medoff-Fay estimates of labor hoarding during troughs, which are based on data from manufacturing plants, with aggregate estimates of excess labor on hand.The two sets of estim
OECD data on "OECD's composite leading indicators", "Industrial Production", "Unemployment", and "Real GDP Growth" for Australia, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Mex
