1 option
Technology Shocks and Aggregate Fluctuations: How Well Does the RBS Model Fit Postwar U.S. Data? / Jordi Gali, Pau Rabanal.
- Format:
- Book
- Author/Creator:
- Gali, Jordi.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w10636.
- NBER working paper series no. w10636
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Technology Shocks and Aggregate Fluctuations
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2004.
- Summary:
- Our answer: not so well. We reach 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.
- Notes:
- Print version record
- July 2004.
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