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Le rôle des chocs technologiques mondiaux dans les fluctuations agrégées

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  • Martial Dupaigne
  • Patrick Fève

Abstract

This paper questions Galí [1999]?s empirical methodology that aims to evaluate the effects of technology shocks. We show that specification error can be large enough to reverse the sign of hours worked? response. An applied researcher using this methodology might mistakingly conclude that employment decreases after a positive technology shock.

Suggested Citation

  • Martial Dupaigne & Patrick Fève, 2005. "Le rôle des chocs technologiques mondiaux dans les fluctuations agrégées," Revue économique, Presses de Sciences-Po, vol. 56(3), pages 745-754.
    • Handle: RePEc:cai:recosp:reco_563_0745
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    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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