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Creative destruction and the behavior of productivity over the business cycle

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  • Edward Montgomery
  • William L. Wascher

Abstract

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Suggested Citation

  • Edward Montgomery & William L. Wascher, 1986. "Creative destruction and the behavior of productivity over the business cycle," Working Paper Series / Economic Activity Section 60, Board of Governors of the Federal Reserve System (U.S.).
  • Handle: RePEc:fip:fedgwe:60
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    References listed on IDEAS

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    1. Abraham, Katharine G & Katz, Lawrence F, 1986. "Cyclical Unemployment: Sectoral Shifts or Aggregate Disturbances?," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 507-522, June.
    2. Hamilton, James D, 1988. "A Neoclassical Model of Unemployment and the Business Cycle," Journal of Political Economy, University of Chicago Press, vol. 96(3), pages 593-617, June.
    3. Stephen T. Marston, 1976. "Employment Instability and High Unemployment Rates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 7(1), pages 169-210.
    4. Loungani, Prakash & Rush, Mark & Tave, William, 1990. "Stock market dispersion and unemployment," Journal of Monetary Economics, Elsevier, vol. 25(3), pages 367-388, June.
    5. Robert Z. Lawrence, 1983. "Is Trade Deindustrializing America? A Medium-Term Perspective," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 14(1), pages 129-172.
    6. Lilien, David M, 1982. "Sectoral Shifts and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 777-793, August.
    7. Rogerson, Richard, 1987. "An Equilibrium Model of Sectoral Reallocation," Journal of Political Economy, University of Chicago Press, vol. 95(4), pages 824-834, August.
    8. Heim, Carol E., 1984. "Structural Transformation and the Demand for New Labor in Advanced Economies: Interwar Britain," The Journal of Economic History, Cambridge University Press, vol. 44(02), pages 585-595, June.
    9. Leonard, Jonathan S & Jacobson, Louis, 1990. "Earnings Inequality and Job Turnover," American Economic Review, American Economic Association, vol. 80(2), pages 298-302, May.
    10. Davis, Steven J, 1987. "Allocative Disturbances and Specific Capital in Real Business Cycle Theories," American Economic Review, American Economic Association, vol. 77(2), pages 326-332, May.
    11. Mattila, J Peter, 1974. "Job Quitting and Frictional Unemployment," American Economic Review, American Economic Association, vol. 64(1), pages 235-239, March.
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    Cited by:

    1. Ouyang, Min, 2009. "The scarring effect of recessions," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 184-199, March.
    2. Paul W. Bauer & Mark E. Schweitzer & Scott Shane, 2006. "State growth empirics: the long-run determinants of state income growth," Working Paper 0606, Federal Reserve Bank of Cleveland.

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