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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| Autore: |
Gali Garreta Jordi
|
| Titolo: |
Technology Shocks and Aggregate Fluctuations : : How Well Does the RBC Model Fit Postwar U.S. Data? / / Jordi Gali Garreta, Pau Rabanal
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2004 |
| Descrizione fisica: | 1 online resource (67 p.) |
| Soggetto topico: | 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 | |
| Labor | |
| Labor productivity | |
| Sticky prices | |
| Production | |
| Prices | |
| Labor economics | |
| Soggetto geografico: | United States Economic conditions 1945- |
| United States | |
| 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.: | 9910788518603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2004/234