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Autor:
Tsu-ting Tim Lin, Charles L. Weise
Publikováno v:
Atlantic Economic Journal. 47:81-101
This paper examines the effects of labor-replacing capital, referred to as robots, on business cycle dynamics using a New Keynesian model with a role for both traditional and robot capital. This study finds that shocks to the price of robots have eff
Autor:
Tsu-ting Tim Lin
Publikováno v:
Journal of Macroeconomics. 46:201-217
Shimer (2015) argues that a search and matching model of the labor market in which wage is determined by Nash bargaining cannot generate the observed volatility in unemployment and vacancy in response to reasonable labor productivity shocks. This pap
Autor:
Tsu-ting Tim Lin
Publikováno v:
SSRN Electronic Journal.
The three most recent downturns, in contrast with other post-war recessions, are characterized by slow recoveries in employment despite positive economic growth. I find that recent recoveries coincide with high uncertainty about economy-wide corporat