Title: Technology shocks and aggregate fluctuations
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.
Subjects: Business cycles, Economic aspects of Technological innovations, Economic conditions, Technological innovations
Places: United States
Time periods: 1945-