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Technology shocks, structural breaks and the effects on the business cycle

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Author Info
Atella, Vincenzo
Centoni, Marco
Cubadda, Gianluca

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Abstract

It is shown that time-series of US productivity and hours are apparently affected by a structural break in the late 60s. Moreover, the importance of technology shocks over the business cycle has sharply decreased after the break.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4S2F5H2-1/2/316ba056e69cf4b54da8f98bde10c639
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 100 (2008)
Issue (Month): 3 (September)
Pages: 392-395
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Handle: RePEc:eee:ecolet:v:100:y:2008:i:3:p:392-395

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