Blar i Norges Banks vitenarkiv på forfatter "Furlanetto, Francesco"
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Rule-Of-Thumb Consumers, Productivity and Hours
Furlanetto, Francesco; Seneca, Martin (Working Papers;5/2007, Working paper, 2007)In this paper we study the transmission mechanisms of productivity shocks in a model with rule-of-thumb consumers. In the literature, this financial friction has been studied only with reference to fiscal shocks. We show ... -
Structural Factors, Unemployment and Monetary Policy: The Useful Role of the Natural Rate of Interest
Furlanetto, Francesco; Gelain, Paolo (Working Papers;17/2016, Working paper, 2016)We study the role of monetary policy in response to variations in unemployment due to structural factors, modeled as exogenous changes in matching efficiency and in the size of the labor force. We find that monetary policy ... -
Technology and the Two Margins of Labor Adjustment: A New Keynesian Perspective
Furlanetto, Francesco; Sveen, Tommy; Weinke, Lutz (Working papers;7/2018, Working paper, 2018)Canova et al. (2010 and 2012) estimate the dynamic response of labor market variables to technological shocks. They show that investment-speci c shocks imply almost exclusively an adjustment along the intensive margin ...