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Technology Shocks and Aggregate Fluctuations

其他書名	How Well Does the Rbs Model Fit Postwar U.S. Data?
出版	SSRN, 2022
URL	http://books.google.com.hk/books?id=yw3ezwEACAAJ&hl=&source=gbs_api

註釋Our answer: not so well. We reach 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.