[What Do Technology Shocks Do?]: Comment
نویسندگان
چکیده
منابع مشابه
Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment
The neoclassical e®ects of permanent technology shocks on employment is re-investigated. Contrary to Jordi Gali's (1999) assertion published in this Review, I show that standard neoclassical theory is fully capable of explaining the stylized fact that positive permanent technology shocks reduce employment and that positive transitory nontechnology shocks increase labor productivity.
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ژورنال
عنوان ژورنال: NBER Macroeconomics Annual
سال: 1998
ISSN: 0889-3365,1537-2642
DOI: 10.1086/ma.13.4623749