neutral technology shock compare in a marginal likelihood race. To that end we construct and estimate several competing small … different hypotheses that generate the empirically observed decline in worked hours after a positive technology shock. These …

question standard RBC models in which a positive technology shock leads to a rise in hours. In this paper, we estimate and test …

technology shock is very important in explaining the Mexican output and investment dynamics. This shock explains around 80% of … financial frictions as well as a permanent investment specific technology shock that originates in the US …