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

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NBER2004-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10636
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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
创建时间:
2004-07-01
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