Technology shocks and aggregate fluctuations how well does the rbs model fit postwar U.S. data? / Jordi Gali, Pau Rabanal.

Author/creator Galí, Jordi, 1961-
Other author Rabanal, Pau.
Other author National Bureau of Economic Research.
Format Electronic
Publication InfoCambridge, MA : National Bureau of Economic Research,
Supplemental ContentFull text available from Ebook Central - Academic Complete
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SeriesNBER working paper series ; working paper 10636
Working paper series (National Bureau of Economic Research : Online) ; working paper no. 10636. UNAUTHORIZED
Summary "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"--National Bureau of Economic Research web site.
General noteTitle from PDF file as viewed on 1/11/2005.
Bibliography noteIncludes bibliographical references.
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Genre/formElectronic books.
LCCN 2005615442