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Author : Jim Malley
Publisher :
Page : 0 pages
File Size : 50,65 MB
Release : 2009
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Author :
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Page : pages
File Size : 38,8 MB
Release : 2009
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Author : James R. Malley
Publisher :
Page : 37 pages
File Size : 30,61 MB
Release : 2009
Category :
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Author : Mr.Pau Rabanal
Publisher : International Monetary Fund
Page : 68 pages
File Size : 16,99 MB
Release : 2004-12-01
Category : Business & Economics
ISBN : 1451875657
Our answer: Not so well. We reached 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 positive comovement between output and labor input measures.
Author : Jordi Gali
Publisher :
Page : 66 pages
File Size : 41,72 MB
Release : 2004
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Author : Jordi Galí
Publisher :
Page : 74 pages
File Size : 10,51 MB
Release : 2004
Category : Business cycles
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Author : Jordi Galí
Publisher :
Page : 0 pages
File Size : 40,21 MB
Release : 2022
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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 positive comovement between output and labor input measures.
Author : Jordi Galí
Publisher :
Page : 66 pages
File Size : 27,62 MB
Release : 2004
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Author : Hammad Qureshi
Publisher :
Page : 37 pages
File Size : 31,51 MB
Release : 2015
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The idea that expectations about future economic fundamentals can drive business cycles dates back to the early 20th century. However, the standard real business cycle (RBC) model fails to generate positive comovement in output, consumption, labor-hours and investment in response to news shocks. This paper proposes a simple and intuitive solution to this puzzling feature of the RBC model, based on a mechanism that has strong empirical support: learning-by-doing (LBD). First, we show that the one-sector RBC model augmented by LBD can generate aggregate comovement in response to news shock about technology. Second, we show that in the two-sector RBC model, LBD along with an intratemporal adjustment cost can generate sectoral comovement in response to news about three types of shocks: i) neutral technology shock, ii) consumption technology shock, and iii) investment technology shock. We show that these results hold for contemporaneous technology shocks and for different specifications of LBD.
Author : Barbara E. Ehrlich
Publisher :
Page : 275 pages
File Size : 29,51 MB
Release : 1996
Category : Biological transport
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