-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …

We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series …

The purpose of the present paper is twofold. First, we characterize the Fed's systematic response to technology shocks … in the response of the economy (as well as the Fed's) to a technology shock. Second, the Fed's response to a technology …

Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using … annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement … include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on …

The real business cycle literature has largely ignored the empirical question of what role technology shocks actually … play in business cycles. The observed procyclicality of total factor productivity (TFP) does not prove that technology … other reasons. I address the role of technology by investigating the dynamic interactions of inputs, TFP and two observable …