Atella, Vincenzo; Centoni, Marco; Cubadda, Gianluca - Dipartimento di Economia, Gestione, Società e … - 2007
This paper contributes to the literature on the role of technology shocks as source of the business cycle in two ways. First, we document that time-series of US productivity and hours are apparently affected by a structural break in the late 60’s, which is likely due to a major change in the...