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Gali, Jordi [Author] ; Rabanal, Pau [Other] National Bureau of Economic Research

Technology Shocks and Aggregate Fluctuations : How Well Does the RBS Model Fit Postwar U.S. Data?

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  • Media type: E-Book
  • Title: Technology Shocks and Aggregate Fluctuations : How Well Does the RBS Model Fit Postwar U.S. Data?
  • Contributor: Gali, Jordi [Author]; Rabanal, Pau [Other]
  • Corporation: National Bureau of Economic Research
  • imprint: Cambridge, Mass: National Bureau of Economic Research, July 2004
  • Published in: NBER working paper series ; no. w10636
  • Extent: 1 Online-Ressource
  • Language: English
  • DOI: 10.3386/w10636
  • Identifier:
  • Reproduction note: Hardcopy version available to institutional subscribers
  • Origination:
  • Footnote: Mode of access: World Wide Web
    System requirements: Adobe [Acrobat] Reader required for PDF files
  • Description: 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
  • Access State: Open Access