Technology Shocks and Aggregate Fluctuations : How Well Does the Rbs Model Fit Postwar U.S. Data?

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

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Year of publication:	2022
Authors:	Galí, Jordi ; Rabanal, Pau
Publisher:	[S.l.] : SSRN
Subject:	USA \| United States \| Schock \| Shock \| Technischer Fortschritt \| Technological change \| Schätzung \| Estimation \| Produktivität \| Productivity \| Privater Konsum \| Private consumption \| Neoklassische Synthese \| Neoclassical synthesis \| Arbeitsmarkt \| Labour market

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Extent:	1 Online-Ressource (82 p)
Series:	NBER Working Paper ; No. w10636
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2004 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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