Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks
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https://www.nber.org/papers/w23142
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资源简介：
This paper documents large revisions in a widely-used series of utilization-adjusted total factor productivity (TFP) by Fernald (2014) and shows that these revisions can materially affect empirical conclusions about the macroeconomic effects of news shocks. We propose an alternative identification
提供机构：
美国国家经济研究局
创建时间：
2017-02-01
