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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Detaylı Bibliyografya
Yazar: Gali Garreta, Jordi
Diğer Yazarlar: Rabanal, Pau
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2004.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2004/234
Online Erişim:Full text available on IMF
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100 1 |a Gali Garreta, Jordi. 
245 1 0 |a Technology Shocks and Aggregate Fluctuations :   |b How Well Does the RBC Model Fit Postwar U.S. Data? /  |c Jordi Gali Garreta, Pau Rabanal. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (67 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Rabanal, Pau. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/234 
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