Technology shocks and aggregate fluctuations
Subtitle: how well does the rbs model fit postwar U.S. data?
By: Jordi Gali, Pau Rabanal.
Contributors: Rabanal, Pau.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10636; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10636.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Business cycles.; Technological innovations.
Description: "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"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.