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Autore: | Gali Jordi <1961-> |
Titolo: | Technology shocks and aggregate fluctuations : how well does the real business cycle model fit postwar U.S. data? / / prepared by Jordi Gali and Pau Rabanal |
Pubblicazione: | [Washington, D.C.], : International Monetary Fund, Western Hemisphere Dept., 2004 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (67 p.) |
Soggetto topico: | Business cycles - United States |
Technological innovations - Economic aspects - United States | |
Soggetto geografico: | United States Economic conditions 1945- |
Altri autori: | RabanalPau |
Note generali: | "December 2004." |
Nota di bibliografia: | Includes bibliographical references (p. 60-66). |
Nota di contenuto: | ""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"" |
Sommario/riassunto: | 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. |
Titolo autorizzato: | Technology shocks and aggregate fluctuations |
ISBN: | 1-4623-5570-6 |
1-4527-4397-5 | |
1-282-56220-7 | |
9786613822499 | |
1-4519-2025-3 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910809280703321 |
Lo trovi qui: | Univ. Federico II |
Opac: | Controlla la disponibilità qui |