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preference or more generally a demand shock. More recently two other explanations have been advocated: surprise changes in …
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preference or more generally a demand shock. More recently two other explanations have been advocated: surprise changes in …
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aggregate hours worked respond positively to a positive technology shock. Two novel aspects of the analysis are the scope (14 … hours. We show that the short-run response of aggregate hours to a positive technology shock is remarkably similar across …
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