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Methods versus substance: Measuring the effects of technology shocks

✍ Scribed by Ríos-Rull, José-Víctor; Schorfheide, Frank; Fuentes-Albero, Cristina; Kryshko, Maxym; Santaeulàlia-Llopis, Raül


Book ID
119300185
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
348 KB
Volume
59
Category
Article
ISSN
0304-3932

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The effects of technology shocks on hour
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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