The labor market effects of technology shocks

We analyze the effects of neutral and investment-specific technology shocks on hours worked and unemployment. We characterize the response of unemployment in terms of job separation and job finding rates. We find that job separation rates mainly account for the impact response of unemployment while job finding rates for movements along its adjustment path. Neutral shocks increase unemployment and explain a substantial portion of unemployment and output volatilityinvestment-specific shocks expand employment and hours worked and mostly contribute to hours worked volatility. We show that this evidence is consistent with the view that neutral technological progress prompts Schumpeterian creative destruction, while investment specific technological progress has standard neoclassical feature

New logics of Integration in European Security and Defence Policy: Change in Conflict-Resolution Mechanisms in the Intergovernmental Decision-Making Process.

The EU is undertaking important developments in the area of European security without asserting new fundamental goals. This paper proposes a conceptualisation of new logics of integration in the ESDP, by focusing on the transformation of conflict-resolution mechanisms in the adoption and implementation of policy provisions in the area. I argue that since 1998, pressing external events have led to an integrative policy change in the area of European security, manifest in an increasing use of expert incrementalist methods within the intergovernmental framework of the EU. The urgency of collective decisions adopted in substantive negotiations at a high political level combines with the incrementalist “filling-in” in the operational phase. While bargaining is highly determinant in the adoption of key compromises, the operational phase has become infused with administrative management and expert consultation, corresponding with the proliferation of newly created specialized agencies and think tanks, thus creating dynamics for the introduction of novel program specifications. Integrative outcomes are manifest in the progress in military operational capacity, the actual accomplishment of EU-based “Petersberg” operations, the focus on a more pragmatic understanding of the relationship with NATO and the proposals for coordination and flexibility envisaged in the draft of the Constitutional Treaty. The focus on conflict-resolution mechanisms provides theoretical determinants to explain integration logics in the ESDP, as a process of development of practical goals