UID:
edocfu_9958061613902883
Format:
1 online resource (67 p.)
Edition:
1st ed.
ISBN:
1-4623-5570-6
,
1-4527-4397-5
,
1-282-56220-7
,
9786613822499
,
1-4519-2025-3
Series Statement:
IMF working paper ; WP/04/234
Content:
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Note:
"December 2004."
,
""Contents""; ""I. INTRODUCTION""; ""II. ESTIMATING THE EFFECTS OF TECHNOLOGY SHOCKS""; ""III. POSSIBLE PITFALLS IN THE ESTIMATION OF THE EFFECTS OF TECHNOLOGY SHOCKS""; ""IV. EXPLAINING THE EFFECTS OF TECHNOLOGY SHOCKS""; ""V. TECHNOLOGY SHOCKS AND THE BUSINESS CYCLE IN AN ESTIMATED DSGE MODEL""; ""VI. CONCLUSIONS""; ""VII. ADDENDUM: A RESPONSE TO ELLEN MCGRATTAN""; ""REFERENCES""
Additional Edition:
ISBN 1-4518-7565-7
Language:
English
