Technology Shocks and Aggregate Fluctuations : How Well Does the RBC Model Fit Postwar U.S. Data? /
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong...
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| Materialtyp: | Tidskrift |
| Språk: | English |
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Washington, D.C. :
International Monetary Fund,
2004.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2004/234 |
| Länkar: | Full text available on IMF |
| Sammanfattning: | Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures. |
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| Beskrivning: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysisk beskrivning: | 1 online resource (67 pages) |
| Materialtyp: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Tillgång: | Electronic access restricted to authorized BRAC University faculty, staff and students |