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010   $a9786613822499
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035   $a(CKB)3360000000443284
035   $a(EBL)3012541
035   $a(OCoLC)535146944
035   $a(MiAaPQ)EBC3012541
035   $a(IMF)WPIEE2342004
035   $a(EXLCZ)993360000000443284
100   $a20020129d2004      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aTechnology Shocks and Aggregate Fluctuations : $eHow Well Does the RBC Model Fit Postwar U.S. Data? /$fJordi Gali Garreta, Pau Rabanal
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2004.
215   $a1 online resource (67 p.)
225 1 $aIMF Working Papers
300   $a"December 2004."
311   $a1-4518-7565-7 
320   $aIncludes bibliographical references (p. 60-66).
327   $a""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""
330 3 $aOur answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2004/234
606   $aBusiness cycles$zUnited States
606   $aTechnological innovations$xEconomic aspects$zUnited States
606   $aMacroeconomics$2imf
606   $aProduction and Operations Management$2imf
606   $aBusiness Fluctuations$2imf
606   $aCycles$2imf
606   $aInnovation$2imf
606   $aResearch and Development$2imf
606   $aTechnological Change$2imf
606   $aIntellectual Property Rights: General$2imf
606   $aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)$2imf
606   $aLabor Economics: General$2imf
606   $aHuman Capital$2imf
606   $aSkills$2imf
606   $aOccupational Choice$2imf
606   $aLabor Productivity$2imf
606   $aPrice Level$2imf
606   $aInflation$2imf
606   $aDeflation$2imf
606   $aTechnology$2imf
606   $ageneral issues$2imf
606   $aEconomic growth$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aBusiness cycles$2imf
606   $aLabor$2imf
606   $aLabor productivity$2imf
606   $aSticky prices$2imf
606   $aProduction$2imf
606   $aPrices$2imf
606   $aLabor economics$2imf
607   $aUnited States$xEconomic conditions$y1945-
607   $aUnited States$2imf
615  0$aBusiness cycles
615  0$aTechnological innovations$xEconomic aspects
615  7$aMacroeconomics
615  7$aProduction and Operations Management
615  7$aBusiness Fluctuations
615  7$aCycles
615  7$aInnovation
615  7$aResearch and Development
615  7$aTechnological Change
615  7$aIntellectual Property Rights: General
615  7$aPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
615  7$aLabor Economics: General
615  7$aHuman Capital
615  7$aSkills
615  7$aOccupational Choice
615  7$aLabor Productivity
615  7$aPrice Level
615  7$aInflation
615  7$aDeflation
615  7$aTechnology
615  7$ageneral issues
615  7$aEconomic growth
615  7$aLabour
615  7$aincome economics
615  7$aBusiness cycles
615  7$aLabor
615  7$aLabor productivity
615  7$aSticky prices
615  7$aProduction
615  7$aPrices
615  7$aLabor economics
700   $aGali Garreta$b Jordi$01570948
701   $aRabanal$b Pau$01509574
712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788518603321
996   $aTechnology Shocks and Aggregate Fluctuations$93844936
997   $aUNINA