Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations
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We develop a model in which innovations in an economy's growth potential are an important driving force of the business cycle. The framework shares the emphasis of the recent "new shock" literature on revisions of beliefs about the future as a source of fluctuations, but differs by tieing these
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美国国家经济研究局创建时间：
2009-06-01
