technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …

two technology shocks in the human capital model is greater than the Hicks-neutral shock in the RBC model in the medium …

The empirical support for a real business cycle model with two technology shocks is evaluated using a Bayesian model … and restrictions on long-run responses to technology shocks. Wefind support for a number of the features implied by the … investment ratios form stable relationships, but technology shocks do not accountfor all stochastic trends in our system. There …

conditioning on a technology shock. This result is more robust than the results by Christiano et al. [2004], because it is …Estimating the response of hours worked to technology shocks is often considered as a crucial step for evaluating the … estimated using a VAR, and retrieve alternative nonfundamental representations of the relation between technology shocks and …