This article provides an overview of the technology industry that has evolved to provide technology outsourcing … transition phase being brought about by changing economic fundamentals in banking and in information technology. These factors … have contributed to significant consolidation among the technology companies that serve the banking industry, especially …

I present empirical evidence of how the U.S. economy, including per-capita hours worked, responds to a technology shock … positive technology shock. This paper's empirical evidence suggests that emphasizing the drop in hours worked is misdirected …. In response to a positive technology shock, a standard flexible price model would have an immediate increase in hours …

Recent empirical studies using infinite horizon long-run restrictions question the validity of the technology … propose a alternative identification that maximizes the contribution of technology shocks to the forecast error variance of … counterpart by producing less biased impulse responses and technology shocks that are more highly correlated with the technology …

development of the country, the comparative advantage of the sector, and the sector’s skill and technology intensity. Using sector …

.S. information technology (IT) sector. The index first appeared under the sponsorship of the Federal Reserve Bank of New York; due to …

Since Galí [1999], long-run restricted VARs have become the standard for identifying the effects of technology shocks …. In a recent paper, Francis et al. [2008] proposed an alternative to identify technology as the shock that maximizes the … responses to technology shocks identified from various frequency bands. Two distinct technology shocks emerge. An expansionary …