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Record Nr. |
UNINA9910788518603321 |
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Autore |
Gali Garreta Jordi |
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Titolo |
Technology Shocks and Aggregate Fluctuations : : How Well Does the RBC Model Fit Postwar U.S. Data? / / Jordi Gali Garreta, Pau Rabanal |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2004 |
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ISBN |
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1-4623-5570-6 |
1-4527-4397-5 |
1-282-56220-7 |
9786613822499 |
1-4519-2025-3 |
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Descrizione fisica |
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1 online resource (67 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Business cycles - United States |
Technological innovations - Economic aspects - United States |
Macroeconomics |
Production and Operations Management |
Business Fluctuations |
Cycles |
Innovation |
Research and Development |
Technological Change |
Intellectual Property Rights: General |
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) |
Labor Economics: General |
Human Capital |
Skills |
Occupational Choice |
Labor Productivity |
Price Level |
Inflation |
Deflation |
Technology |
general issues |
Economic growth |
Labour |
income economics |
Business cycles |
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Labor |
Labor productivity |
Sticky prices |
Production |
Prices |
Labor economics |
United States Economic conditions 1945- |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references (p. 60-66). |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. ESTIMATING THE EFFECTS OF TECHNOLOGY SHOCKS""; ""III. POSSIBLE PITFALLS IN THE ESTIMATION OF THE EFFECTS OF TECHNOLOGY SHOCKS""; ""IV. EXPLAINING THE EFFECTS OF TECHNOLOGY SHOCKS""; ""V. TECHNOLOGY SHOCKS AND THE BUSINESS CYCLE IN AN ESTIMATED DSGE MODEL""; ""VI. CONCLUSIONS""; ""VII. ADDENDUM: A RESPONSE TO ELLEN MCGRATTAN""; ""REFERENCES"" |
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Sommario/riassunto |
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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. |
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