Is the Technology-Driven Real Business Cycle Hypothesis Dead?
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In this paper, we re-examine the recent evidence that technology shocks do not produce business cycle patterns in the data. We first extend Gal's (1999) work, which uses long-run restrictions to identify technology shocks, by examining whether the identified shocks can be plausibly interpreted as
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美国国家经济研究局创建时间：
2002-01-01
