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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Gali Garreta, Jordi
مؤلفون آخرون: Rabanal, Pau
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2004.
سلاسل:IMF Working Papers; Working Paper ; No. 2004/234
الوصول للمادة أونلاين:Full text available on IMF