Technology Shocks and Aggregate Fluctuations : How Well Does the RBC Model Fit Postwar U.S. Data?
- 1st ed.
- 1 online resource (67 pages)
Intro -- Contents -- I. INTRODUCTION -- II. ESTIMATING THE EFFECTS OF TECHNOLOGY SHOCKS -- III. POSSIBLE PITFALLS IN THE ESTIMATION OF THE EFFECTS OF TECHNOLOGY SHOCKS -- IV. EXPLAINING THE EFFECTS OF TECHNOLOGY SHOCKS -- V. TECHNOLOGY SHOCKS AND THE BUSINESS CYCLE IN AN ESTIMATED DSGE MODEL -- VI. CONCLUSIONS -- VII. ADDENDUM: A RESPONSE TO ELLEN MCGRATTAN -- REFERENCES.