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Customer flows, countercyclical markups, and the output effects of technology shocks

✍ Scribed by Peter N. Ireland

Book ID
114130597
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
700 KB
Volume
20
Category
Article
ISSN
0164-0704

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## Abstract We analyze the effects of neutral and investment‐specific technology shocks on hours and output. Long cycles in hours are removed in a variety of ways. Hours robustly fall in response to neutral shocks and robustly increase in response to investment‐specific shocks. The percentage of th