Arbeitspapier

The changing dynamics of short-run output adjustment

zu Verbundenen Objekten

Much of macroeconomic theorizing rests on assumptions that define the short-run output adjustment of a mass-production economy. The demand effect of investment on output, assumed much faster than its supply effect, works through employment expanding pari passu with changes in capacity utilization while productivity remains constant. Using linear Structural VAR and Time-Varying Parameter Structural VAR models, we document important changes in the short-run output adjustment in the USA. The link between changes in employment, capacity utilization and investment has weakened, while productivity became more responsive following demand shifts caused by investment since the early 1990s.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2018-04

Klassifikation
Wirtschaft
Current Heterodox Approaches: General
General Aggregative Models: General
Business Fluctuations; Cycles
Thema
Changes in short-run output adjustment
capacity utilization
employment
mass-production economy
post-Fordism

Ereignis
Geistige Schöpfung
(wer)
Ertürk, Korkut A.
Mendieta-Muñoz, Ivan
Ereignis
Veröffentlichung
(wer)
The University of Utah, Department of Economics
(wo)
Salt Lake City, UT
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Original beim Datenpartner anzeigen

Objekttyp

  • Arbeitspapier

Beteiligte

  • Ertürk, Korkut A.
  • Mendieta-Muñoz, Ivan
  • The University of Utah, Department of Economics

Entstanden

  • 2018

Ähnliche Objekte (12)

Short-Run Adjustment in Models of Money and Growth

Arbeitspapier

Short-Run Adjustment in Models of Money and Growth

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Arbeitspapier

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Arbeitspapier

Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective

Output-employment relationship across sectors: A long- versus short-run perspective

Arbeitspapier

Output-employment relationship across sectors: A long- versus short-run perspective

Price Change and Output Change: A Short-Run Three-Equation Analysis

Artikel

Price Change and Output Change: A Short-Run Three-Equation Analysis

Short-run money demand

Arbeitspapier

Short-run money demand

Are long-run price stability and short-run output stabilization all that monetary policy can aim for?

Arbeitspapier

Are long-run price stability and short-run output stabilization all that monetary policy can aim for?

Measuring The UK Short-Run NAIRU

Arbeitspapier

Measuring The UK Short-Run NAIRU

Interaction of Regional Population and Employment over Time: identifying short-run effects and equilibrium adjustment

Konferenzbeitrag

Interaction of Regional Population and Employment over Time: identifying short-run effects and equilibrium adjustment

Financial openness and growth: short-run gain, long-run pain?

Arbeitspapier

Financial openness and growth: short-run gain, long-run pain?

Financial openness and growth: short-run gain, long-run pain?

Financial openness and growth: short-run gain, long-run pain?

Long-Run and Short-Run Demand Response, Discount Rate, and Pricing

Artikel

Long-Run and Short-Run Demand Response, Discount Rate, and Pricing

Verbundene Objekte