Technology Shocks Matter
نویسندگان
چکیده
منابع مشابه
Technology Shocks Matter
I use the neoclassical growth model to identify the effects of technology shocks on the US business cycle. The model includes two sources of technology shocks: neutral, which affect the production of all goods homogeneously, and investment-specific. Investmentspecific shocks are the unique source of the secular trend in the real price of investment goods, while both shocks are the only factors ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.388400