Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model
Author
Abstract
Suggested Citation
DOI: 10.1016/j.red.2007.10.001
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Peter N. Ireland & Scott Schuh, 2006. "Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model," Boston College Working Papers in Economics 642, Boston College Department of Economics.
- Peter N. Ireland & Scott Schuh, 2006. "Productivity and U.S. macroeconomic performance: interpreting the past and predicting the future with a two-sector real business cycle model," Working Papers 06-10, Federal Reserve Bank of Boston.
- Peter N. Ireland & Scott Schuh, 2007. "Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model," NBER Working Papers 13532, National Bureau of Economic Research, Inc.
References listed on IDEAS
- Lindé, Jesper, 2004.
"The Effects of Permanent Technology Shocks on Labor Productivity and Hours in the RBC model,"
Working Paper Series
161, Sveriges Riksbank (Central Bank of Sweden).
- Linde, Jesper, 2005. "The Effects of Permanent Technology Shocks on Labour Productivity and Hours in the RBC Model," CEPR Discussion Papers 4827, C.E.P.R. Discussion Papers.
- Jordi Galí & Pau Rabanal, 2005. "Technology Shocks and Aggregate Fluctuations: How Well Does the Real Business Cycle Model Fit Postwar US Data?," NBER Chapters, in: NBER Macroeconomics Annual 2004, Volume 19, pages 225-318, National Bureau of Economic Research, Inc.
- Huffman, Gregory W. & Wynne, Mark A., 1999.
"The role of intratemporal adjustment costs in a multisector economy,"
Journal of Monetary Economics, Elsevier, vol. 43(2), pages 317-350, April.
- Gregory W. Huffman & Mark A. Wynne, 1995. "The role of intratemporal adjustment costs in a multi-sector economy," Working Papers 9508, Federal Reserve Bank of Dallas.
- Miles S. Kimball & John G. Fernald & Susanto Basu, 2006.
"Are Technology Improvements Contractionary?,"
American Economic Review, American Economic Association, vol. 96(5), pages 1418-1448, December.
- Susanto Basu & John G. Fernald & Miles S. Kimball, 1998. "Are technology improvements contractionary?," International Finance Discussion Papers 625, Board of Governors of the Federal Reserve System (U.S.).
- Susanto Basu & John Fernald & Miles Kimball, 2004. "Are Technology Improvements Contractionary?," NBER Working Papers 10592, National Bureau of Economic Research, Inc.
- Susanto Basu & John G. Fernald & Miles S. Kimball, 2004. "Are technology improvements contractionary?," Working Paper Series WP-04-20, Federal Reserve Bank of Chicago.
- Susanto Basu & John Fernald & Miles Kimball, 2002. "Are Technology Improvements Contractionary?," Harvard Institute of Economic Research Working Papers 1986, Harvard - Institute of Economic Research.
- repec:bla:revinw:v:48:y:2002:i:2:p:217-33 is not listed on IDEAS
- Pakko Michael R., 2005.
"Changing Technology Trends, Transition Dynamics, and Growth Accounting,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-42, December.
- Michael R. Pakko, 2005. "Changing technology trends, transition dynamics and growth accounting," Working Papers 2000-014, Federal Reserve Bank of St. Louis.
- Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2008.
"A Retrospective Look at the U.S. Productivity Growth Resurgence,"
Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 3-24, Winter.
- Mun S. Ho & Dale W. Jorgenson & Kevin J. Stiroh, 2007. "A retrospective look at the U.S. productivity growth resurgence," Staff Reports 277, Federal Reserve Bank of New York.
- Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 2000.
"The role of investment-specific technological change in the business cycle,"
European Economic Review, Elsevier, vol. 44(1), pages 91-115, January.
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1998. "The Role of Investment-Specific Technological Change in the Business Cycle," RCER Working Papers 449, University of Rochester - Center for Economic Research (RCER).
- Michael R. Pakko, 2002.
"What Happens When the Technology Growth Trend Changes?: Transition Dynamics, Capital Growth and the 'New Economy',"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 376-407, April.
- Michael R. Pakko, 2001. "What happens when the technology growth trend changes?: transition dynamics, capital growth and the \"new economy\"," Working Papers 2001-020, Federal Reserve Bank of St. Louis.
- Robert J. Gordon, 2000.
"Does the "New Economy" Measure Up to the Great Inventions of the Past?,"
Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
- Gordon, Robert J., 2000. "Does the 'New Economy' Measure up to the Great Inventions of the Past?," CEPR Discussion Papers 2607, C.E.P.R. Discussion Papers.
- Robert J. Gordon, 2000. "Does the "New Economy" Measure up to the Great Inventions of the Past?," NBER Working Papers 7833, National Bureau of Economic Research, Inc.
- Jonas D. M. Fisher, 2006. "The Dynamic Effects of Neutral and Investment-Specific Technology Shocks," Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 413-451, June.
- Hall, Robert E, 1997.
"Macroeconomic Fluctuations and the Allocation of Time,"
Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages 223-250, January.
- Robert E. Hall, 1997. "Macroeconomic Fluctuations and the Allocation of Time," NBER Working Papers 5933, National Bureau of Economic Research, Inc.
- Kahn, James A. & Rich, Robert W., 2007.
"Tracking the new economy: Using growth theory to detect changes in trend productivity,"
Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1670-1701, September.
- James A. Kahn & Robert W. Rich, 2003. "Tracking the new economy: using growth theory to detect changes in trend productivity," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
- James A. Kahn & Robert W. Rich, 2003. "Tracking the new economy: using growth theory to detect changes in trend productivity," Staff Reports 159, Federal Reserve Bank of New York.
- Parkin, Michael, 1988.
"A method for determining whether parameters in aggregative models are structural,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 29(1), pages 215-252, January.
- Parkin, Michael, 1988. "A Method For Determining Whether Parameters In Aggregative Models Are Structural," University of Western Ontario, Departmental Research Report Series 8803, University of Western Ontario, Department of Economics.
- Roberts John M., 2001.
"Estimates of the Productivity Trend Using Time-Varying Parameter Techniques,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 1(1), pages 1-32, July.
- John M. Roberts, 2001. "Estimates of the productivity trend using time-varying parameter techniques," Finance and Economics Discussion Series 2001-08, Board of Governors of the Federal Reserve System (U.S.).
- L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
- Diego Comin & Mark Gertler, 2006.
"Medium-Term Business Cycles,"
American Economic Review, American Economic Association, vol. 96(3), pages 523-551, June.
- Diego Comin & Mark Gertler, 2003. "Medium Term Business Cycles," NBER Working Papers 10003, National Bureau of Economic Research, Inc.
- Casey B. Mulligan, 2002. "A Century of Labor-Leisure Distortions," NBER Working Papers 8774, National Bureau of Economic Research, Inc.
- Yongsung Chang & Taeyoung Doh & Frank Schorfheide, 2007.
"Non‐stationary Hours in a DSGE Model,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(6), pages 1357-1373, September.
- Yongsung Chang & Taeyoung Doh & Frank Schorfheide, 2007. "Non-stationary Hours in a DSGE Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(6), pages 1357-1373, September.
- Chang, Yongsung & Schorfheide, Frank & Doh, Taeyoung, 2005. "Non-stationary Hours in a DSGE Model," CEPR Discussion Papers 5232, C.E.P.R. Discussion Papers.
- Yongsung Chang & Taeyoung Doh & Frank Schorfheide, 2006. "Non-stationary hours in a DSGE model," Working Papers 06-3, Federal Reserve Bank of Philadelphia.
- Jordi Gali, 2005.
"Trends in hours, balanced growth, and the role of technology in the business cycle,"
Review, Federal Reserve Bank of St. Louis, vol. 87(Jul), pages 459-486.
- Jordi Galí, 2004. "Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle," Working Papers 187, Barcelona School of Economics.
- GalÃ, Jordi, 2005. "Trends in Hours, Balanced Growth and the Role of Technology in the Business Cycle," CEPR Discussion Papers 4915, C.E.P.R. Discussion Papers.
- Jordi Galí, 2005. "Trends in hours, balanced growth and the role of technology in the business cycle," Economics Working Papers 829, Department of Economics and Business, Universitat Pompeu Fabra.
- Jordi Gali, 2005. "Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle," NBER Working Papers 11130, National Bureau of Economic Research, Inc.
- Echevarria, Cristina, 1997. "Changes in Sectoral Composition Associated with Economic Growth," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 431-452, May.
- Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, vol. 48(5), pages 1305-1311, July.
- Altug, Sumru, 1989.
"Time-to-Build and Aggregate Fluctuations: Some New Evidence,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 889-920, November.
- Sumru Altug, 1986. "Time to build and aggregate fluctuations: some new evidence," Working Papers 277, Federal Reserve Bank of Minneapolis.
- Marquis, Milton H. & Trehan, Bharat, 2008.
"On using relative prices to measure capital-specific technological progress,"
Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1390-1406, December.
- Milton H. Marquis & Bharat Trehan, 2005. "On using relative prices to measure capital-specific technological progress," Working Paper Series 2005-02, Federal Reserve Bank of San Francisco.
- Jordi Gali, 1999.
"Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?,"
American Economic Review, American Economic Association, vol. 89(1), pages 249-271, March.
- Gali, J., 1996. "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?," Working Papers 96-28, C.V. Starr Center for Applied Economics, New York University.
- Jordi Gali, 1996. "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations," NBER Working Papers 5721, National Bureau of Economic Research, Inc.
- Galí, Jordi, 1996. "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?," CEPR Discussion Papers 1499, C.E.P.R. Discussion Papers.
- Tom Doan, "undated". "RATS programs to replicates Gali's AEA 1999 VAR results," Statistical Software Components RTZ00062, Boston College Department of Economics.
- King, Robert G. & Plosser, Charles I. & Stock, James H. & Watson, Mark W., 1991.
"Stochastic Trends and Economic Fluctuations,"
American Economic Review, American Economic Association, vol. 81(4), pages 819-840, September.
- Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson, 1987. "Stochastic Trends and Economic Fluctuations," NBER Working Papers 2229, National Bureau of Economic Research, Inc.
- Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson, 1991. "Stochastic trends and economic fluctuations," Working Paper Series, Macroeconomic Issues 91-4, Federal Reserve Bank of Chicago.
- Christopher J. Erceg & Luca Guerrieri & Christopher Gust, 2005.
"Can Long-Run Restrictions Identify Technology Shocks?,"
Journal of the European Economic Association, MIT Press, vol. 3(6), pages 1237-1278, December.
- Christopher J. Erceg & Luca Guerrieri & Christopher J. Gust, 2004. "Can long-run restrictions identify technology shocks?," International Finance Discussion Papers 792, Board of Governors of the Federal Reserve System (U.S.).
- Christopher J. Erceg & Luca Guerrieri, 2004. "Can Long-Run Restrictions Identify Technology Shocks?," Computing in Economics and Finance 2004 3, Society for Computational Economics.
- Chang, Yongsung & Schorfheide, Frank, 2003.
"Labor-supply shifts and economic fluctuations,"
Journal of Monetary Economics, Elsevier, vol. 50(8), pages 1751-1768, November.
- Yongsung Chang & Frank Schorfheide, 2002. "Labor-Supply Shifts and Economic Fluctuations," Macroeconomics 0204005, University Library of Munich, Germany.
- Yongsung Chang & Frank Schorfheide, 2003. "Labor supply shifts and economic fluctuations," Working Paper 03-07, Federal Reserve Bank of Richmond.
- John G. Fernald, 2005.
"Trend breaks, long-run restrictions, and the contractionary effects of technology improvements,"
Working Paper Series
2005-21, Federal Reserve Bank of San Francisco.
- Fernald, John, 2006. "Trend Breaks, Long-Run Restrictions and the Contractionary Effects of Technology Improvements," CEPR Discussion Papers 5631, C.E.P.R. Discussion Papers.
- Jordi Galí & Mark Gertler & J. David López-Salido, 2007.
"Markups, Gaps, and the Welfare Costs of Business Fluctuations,"
The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 44-59, November.
- Jordi Gali & Mark Gertler & J. David Lopez-Salido, 2002. "Markups, Gaps, and the Welfare Costs of Business Fluctuations," NBER Working Papers 8850, National Bureau of Economic Research, Inc.
- Gertler, Mark & GalÃ, Jordi & López-Salido, J David, 2002. "Markups, Gaps and the Welfare Costs of Business Fluctuations," CEPR Discussion Papers 3212, C.E.P.R. Discussion Papers.
- Jordi Galí & Mark Gertler & J. David López-Salido, 2003. "Markups, Gaps, and the Welfare Costs of Business Fluctuations," Working Papers 45, Barcelona School of Economics.
- Jordi Galí & Mark Gertler & J. David López-Salido, 2002. "Markups, gaps, and the welfare costs of business fluctuations," Working Papers 0204, Banco de España.
- Gertler, Mark & GalÃ, Jordi & López-Salido, J David, 2003. "Mark-ups, Gaps and the Welfare Costs of Business Fluctuations," CEPR Discussion Papers 4134, C.E.P.R. Discussion Papers.
- Jordi Galí & Mark Gertler & J. David López-Salido, 2005. "Markups, gaps and the welfare costs of business fluctuations," Economics Working Papers 836, Department of Economics and Business, Universitat Pompeu Fabra.
- Whelan, Karl, 2003.
"A Two-Sector Approach to Modeling U.S. NIPA Data,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(4), pages 627-656, August.
- Karl Whelan, 2001. "A two-sector approach to modeling U.S. NIPA data," Finance and Economics Discussion Series 2001-04, Board of Governors of the Federal Reserve System (U.S.).
- Karl Whelan, 2003. "A two-sector approach to modeling U.S. NIPA data," Open Access publications 10197/203, School of Economics, University College Dublin.
- Luca Guerrieri & Dale W. Henderson & Jinill Kim, 2005.
"Investment-specific and multifactor productivity in multi-sector open economies: data and analysis,"
International Finance Discussion Papers
828, Board of Governors of the Federal Reserve System (U.S.).
- Luca Guerrieri & Dale Henderson, 2005. "Investment-Specific and Multifactor Productivity in Multi-Sector Open Economies:Data and Analysis," Computing in Economics and Finance 2005 143, Society for Computational Economics.
- Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 1997.
"Long-Run Implications of Investment-Specific Technological Change,"
American Economic Review, American Economic Association, vol. 87(3), pages 342-362, June.
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1995. "Long-Run Implications of Investment-Specific Technological Change," University of Western Ontario, Departmental Research Report Series 9510, University of Western Ontario, Department of Economics.
- Greenwood, J. & Hercowitz, Z. & Krusell, P., 1996. "Long-Run Implications of Investment-Specific Technological Change," RCER Working Papers 420, University of Rochester - Center for Economic Research (RCER).
- Bencivenga, Valerie R, 1992. "An Econometric Study of Hours and Output Variation with Preference Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(2), pages 449-471, May.
- Holland, Allison & Scott, Andrew, 1998.
"The Determinants of UK Business Cycles,"
Economic Journal, Royal Economic Society, vol. 108(449), pages 1067-1092, July.
- Scott, Andrew, 1996. "The Determinants of UK Business Cycles," CEPR Discussion Papers 1409, C.E.P.R. Discussion Papers.
- Allison Holland & Andrew Scott, 1997. "The determinants of UK business cycles," Bank of England working papers 58, Bank of England.
- Rochelle Edge & Thomas Laubach, 2004. "Learning and Shifts in Long-Run Growth," Computing in Economics and Finance 2004 123, Society for Computational Economics.
- Greenwood, Jeremy & Hercowitz, Zvi & Huffman, Gregory W, 1988. "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, American Economic Association, vol. 78(3), pages 402-417, June.
- Malley, Jim & Philippopoulos, Apostolis & Woitek, Ulrich, 2007.
"Electoral uncertainty, fiscal policy and macroeconomic fluctuations,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(3), pages 1051-1080, March.
- Jim Malley & Apostolis Philippopoulos & Ulrich Woitek, 2005. "Electoral Uncertainty, Fiscal Policy and Macroeconomic Fluctuations," CESifo Working Paper Series 1593, CESifo.
- Karl Whelan, 2004.
"New evidence on balanced growth, stochastic trends, and economic fluctuations,"
Open Access publications
10197/218, School of Economics, University College Dublin.
- Whelan, Karl, 2006. "New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctuations," MPRA Paper 5910, University Library of Munich, Germany.
- Whelan, Karl, 2004. "New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctations," Research Technical Papers 7/RT/04, Central Bank of Ireland.
- Hansen, Gary D., 1985.
"Indivisible labor and the business cycle,"
Journal of Monetary Economics, Elsevier, vol. 16(3), pages 309-327, November.
- Gary Hansen, 2010. "Indivisible Labor and the Business Cycle," Levine's Working Paper Archive 233, David K. Levine.
- Bart Hobijn, 2001. "Is equipment price deflation a statistical artifact?," Staff Reports 139, Federal Reserve Bank of New York.
- Cho, Seonghoon & Moreno, Antonio, 2006.
"A Small-Sample Study of the New-Keynesian Macro Model,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(6), pages 1461-1481, September.
- Seonghoon Cho & Antonio Moreno, 2005. "A Small-Sample Study of the New-Keynesian Macro Model," Faculty Working Papers 03/05, School of Economics and Business Administration, University of Navarra.
- Kydland, Finn E & Prescott, Edward C, 1982.
"Time to Build and Aggregate Fluctuations,"
Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
- Finn E. Kydland & Edward C. Prescott, 1982. "Executable program for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4, Quantitative Macroeconomics & Real Business Cycles.
- Finn E. Kydland & Edward C. Prescott, 1982. "Web interface for "Time to Build and Aggregate Fluctuations"," QM&RBC Codes 4a, Quantitative Macroeconomics & Real Business Cycles.
- Rogerson, Richard, 1988.
"Indivisible labor, lotteries and equilibrium,"
Journal of Monetary Economics, Elsevier, vol. 21(1), pages 3-16, January.
- Richard Rogerson, 2010. "Indivisible Labor, Lotteries and Equilibrium," Levine's Working Paper Archive 250, David K. Levine.
- Francis, Neville & Ramey, Valerie A., 2005.
"Is the technology-driven real business cycle hypothesis dead? Shocks and aggregate fluctuations revisited,"
Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1379-1399, November.
- Ramey, Valerie A & Francis, Neville, 2002. "Is The Technology-Driven Real Business Cycle Hypothesis Dead? Shocks and Aggregate Fluctuations Revisted," University of California at San Diego, Economics Working Paper Series qt6x80k3nx, Department of Economics, UC San Diego.
- Lawrence J. Christiano & Michele Boldrin & Jonas D. M. Fisher, 2001.
"Habit Persistence, Asset Returns, and the Business Cycle,"
American Economic Review, American Economic Association, vol. 91(1), pages 149-166, March.
- Michele Boldrin & Lawrence J. Christiano & Jonas D. M. Fisher, 1999. "Habit persistence, asset returns and the business cycles," Working Paper Series WP-99-14, Federal Reserve Bank of Chicago.
- Michele Boldrin & Lawrence J. Christiano & Jonas D. M. Fisher, 2000. "Habit persistence, asset returns and the business cycle," Staff Report 280, Federal Reserve Bank of Minneapolis.
- Taubman, Paul & Wilkinson, Maurice, 1970. "User Cost, Capital Utilization and Investment Theory," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(2), pages 209-215, June.
- Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2003.
"What Happens After a Technology Shock?,"
NBER Working Papers
9819, National Bureau of Economic Research, Inc.
- Lawrence J. Christiano & Martin S. Eichenbaum & Robert J. Vigfusson, 2003. "What happens after a technology shock?," International Finance Discussion Papers 768, Board of Governors of the Federal Reserve System (U.S.).
- Karl Whelan, 2002. "A Guide To U.S. Chain Aggregated Nipa Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(2), pages 217-233, June.
- Chari, V.V. & Kehoe, Patrick J. & McGrattan, Ellen R., 2008.
"Are structural VARs with long-run restrictions useful in developing business cycle theory?,"
Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1337-1352, November.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2007. "Are structural VARs with long-run restrictions useful in developing business cycle theory?," Staff Report 364, Federal Reserve Bank of Minneapolis.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2008. "Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?," NBER Working Papers 14430, National Bureau of Economic Research, Inc.
- Marianne Baxter & Robert G. King, 1991. "Productive externalities and business cycles," Discussion Paper / Institute for Empirical Macroeconomics 53, Federal Reserve Bank of Minneapolis.
- Edge, Rochelle M. & Laubach, Thomas & Williams, John C., 2007.
"Learning and shifts in long-run productivity growth,"
Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2421-2438, November.
- Rochelle M. Edge & Thomas Laubach & John C. Williams, 2004. "Learning and shifts in long-run productivity growth," Working Paper Series 2004-04, Federal Reserve Bank of San Francisco.
- Rochelle M. Edge & Thomas Laubach & John C. Williams, 2004. "Learning and shifts in long-run productivity growth," Finance and Economics Discussion Series 2004-21, Board of Governors of the Federal Reserve System (U.S.).
- Klein, Paul, 2000. "Using the generalized Schur form to solve a multivariate linear rational expectations model," Journal of Economic Dynamics and Control, Elsevier, vol. 24(10), pages 1405-1423, September.
- Jonas D. M. Fisher, 2002.
"Technology shocks matter,"
Working Paper Series
WP-02-14, Federal Reserve Bank of Chicago.
- Jonas Fisher, 2004. "Technology Shocks Matter," Econometric Society 2004 North American Winter Meetings 14, Econometric Society.
- Neville Francis & Valerie A. Ramey, 2002. "Is the Technology-Driven Real Business Cycle Hypothesis Dead?," NBER Working Papers 8726, National Bureau of Economic Research, Inc.
- repec:bla:jfinan:v:59:y:2004:i:4:p:1481-1509 is not listed on IDEAS
- David N. DeJong & Beth F. Ingram & Charles H. Whiteman, 2000. "Keynesian impulses versus Solow residuals: identifying sources of business cycle fluctuations," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(3), pages 311-329.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Peter N. Ireland, 2009.
"On the Welfare Cost of Inflation and the Recent Behavior of Money Demand,"
American Economic Review, American Economic Association, vol. 99(3), pages 1040-1052, June.
- Peter N. Ireland, 2007. "On the Welfare Cost of Inflation and the Recent Behavior of Money Demand," Boston College Working Papers in Economics 662, Boston College Department of Economics.
- Peter N. Ireland, 2008. "On the Welfare Cost of Inflation and the Recent Behavior of Money Demand," NBER Working Papers 14098, National Bureau of Economic Research, Inc.
- Zanetti, Francesco, 2008. "Labor and investment frictions in a real business cycle model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(10), pages 3294-3314, October.
- Andrei Polbin & Sergey Drobyshevsky, 2014. "Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 166P, pages 156-156.
- Malley, Jim & Woitek, Ulrich, 2010.
"Technology shocks and aggregate fluctuations in an estimated hybrid RBC model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 34(7), pages 1214-1232, July.
- Jim Malley & Ulrich Woitek, 2009. "Technology shocks and aggregate fluctuations in an estimated hybrid RBC model," IEW - Working Papers 408, Institute for Empirical Research in Economics - University of Zurich.
- Jim Malley & Ulrich Woitek, 2009. "Technology shocks and aggregate fluctuations in an estimated hybrid RBC model," Working Papers 2009_15, Business School - Economics, University of Glasgow.
- Malley, Jim University of Glasgow & Woitek, Ulrich, 2009. "Technology shocks and aggregate fluctuations in an estimated hybrid RBC model," SIRE Discussion Papers 2009-18, Scottish Institute for Research in Economics (SIRE).
- Jim Malley & Ulrich Woitek, 2009. "Technology Shocks and Aggregate Fluctuations in an Estimated Hybrid RBC Model," CESifo Working Paper Series 2626, CESifo.
- Justiniano, Alejandro & Primiceri, Giorgio E. & Tambalotti, Andrea, 2010.
"Investment shocks and business cycles,"
Journal of Monetary Economics, Elsevier, vol. 57(2), pages 132-145, March.
- Tambalotti, Andrea & Primiceri, Giorgio & Justiniano, Alejandro, 2008. "Investment Shocks and Business Cycles," CEPR Discussion Papers 6739, C.E.P.R. Discussion Papers.
- Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2009. "Investment Shocks and Business Cycles," NBER Working Papers 15570, National Bureau of Economic Research, Inc.
- Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2008. "Investment shocks and business cycles," Working Paper Series WP-08-12, Federal Reserve Bank of Chicago.
- Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2008. "Investment shocks and business cycles," Staff Reports 322, Federal Reserve Bank of New York.
- Sergio Rebelo, 2005.
"Real Business Cycle Models: Past, Present, and Future,"
NBER Working Papers
11401, National Bureau of Economic Research, Inc.
- Sergio Rebelo, 2005. "Real Business Cycle Models: Past, Present and Future," RCER Working Papers 522, University of Rochester - Center for Economic Research (RCER).
- Rebelo, Sérgio, 2005. "Real Business Cycle Models: Past, Present and Future," CEPR Discussion Papers 5384, C.E.P.R. Discussion Papers.
- Federico S. Mandelman & Francesco Zanetti, 2008.
"Technology shocks, employment, and labor market frictions,"
FRB Atlanta Working Paper
2008-10, Federal Reserve Bank of Atlanta.
- Mandelman, Federico S & Zanetti, Francesco, 2010. "Technology shocks, employment and labour market frictions," Bank of England working papers 390, Bank of England.
- Chari, V.V. & Kehoe, Patrick J. & McGrattan, Ellen R., 2008.
"Are structural VARs with long-run restrictions useful in developing business cycle theory?,"
Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1337-1352, November.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2007. "Are structural VARs with long-run restrictions useful in developing business cycle theory?," Staff Report 364, Federal Reserve Bank of Minneapolis.
- V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2008. "Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?," NBER Working Papers 14430, National Bureau of Economic Research, Inc.
- John G. Fernald, 2005.
"Trend breaks, long-run restrictions, and the contractionary effects of technology improvements,"
Working Paper Series
2005-21, Federal Reserve Bank of San Francisco.
- Fernald, John, 2006. "Trend Breaks, Long-Run Restrictions and the Contractionary Effects of Technology Improvements," CEPR Discussion Papers 5631, C.E.P.R. Discussion Papers.
- Jordi Gali, 2005.
"Trends in hours, balanced growth, and the role of technology in the business cycle,"
Review, Federal Reserve Bank of St. Louis, vol. 87(Jul), pages 459-486.
- Jordi Galí, 2004. "Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle," Working Papers 187, Barcelona School of Economics.
- Jordi Gali, 2005. "Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle," NBER Working Papers 11130, National Bureau of Economic Research, Inc.
- GalÃ, Jordi, 2005. "Trends in Hours, Balanced Growth and the Role of Technology in the Business Cycle," CEPR Discussion Papers 4915, C.E.P.R. Discussion Papers.
- Jordi Galí, 2005. "Trends in hours, balanced growth and the role of technology in the business cycle," Economics Working Papers 829, Department of Economics and Business, Universitat Pompeu Fabra.
- Ramey, V.A., 2016.
"Macroeconomic Shocks and Their Propagation,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 71-162,
Elsevier.
- Ramey, VA, 2016. "Macroeconomic Shocks and Their Propagation," University of California at San Diego, Economics Working Paper Series qt5mb353t2, Department of Economics, UC San Diego.
- Valerie A. Ramey, 2016. "Macroeconomic Shocks and Their Propagation," NBER Working Papers 21978, National Bureau of Economic Research, Inc.
- Dedola, Luca & Neri, Stefano, 2007.
"What does a technology shock do? A VAR analysis with model-based sign restrictions,"
Journal of Monetary Economics, Elsevier, vol. 54(2), pages 512-549, March.
- Dedola, Luca & Neri, Stefano, 2004. "What Does A Technology Shock Do? A VAR Analysis with Model-based Sign Restrictions," CEPR Discussion Papers 4537, C.E.P.R. Discussion Papers.
- Luca Dedola & Stefano Neri, 2006. "What does a technology shock do? A VAR analysis with model-based sign restrictions," Temi di discussione (Economic working papers) 607, Bank of Italy, Economic Research and International Relations Area.
- Stefano Neri & Luca Dedola, 2004. "Are technology shocks contractionary? A Bayesian VAR analysis with priors on impulses responses," 2004 Meeting Papers 406, Society for Economic Dynamics.
- Dedola, Luca & Neri, Stefano, 2006. "What does a technology shock do? A VAR analysis with model-based sign restrictions," Working Paper Series 705, European Central Bank.
- Christopher J. Erceg & Luca Guerrieri & Christopher Gust, 2005.
"Can Long-Run Restrictions Identify Technology Shocks?,"
Journal of the European Economic Association, MIT Press, vol. 3(6), pages 1237-1278, December.
- Christopher J. Erceg & Luca Guerrieri & Christopher J. Gust, 2004. "Can long-run restrictions identify technology shocks?," International Finance Discussion Papers 792, Board of Governors of the Federal Reserve System (U.S.).
- Christopher J. Erceg & Luca Guerrieri, 2004. "Can Long-Run Restrictions Identify Technology Shocks?," Computing in Economics and Finance 2004 3, Society for Computational Economics.
- Mandelman, Federico S. & Zanetti, Francesco, 2014.
"Flexible prices, labor market frictions and the response of employment to technology shocks,"
Labour Economics, Elsevier, vol. 26(C), pages 94-102.
- Federico S. Mandelman & Francesco Zanetti, 2013. "Flexible prices, labor market frictions, and the response of employment to technology shocks," FRB Atlanta Working Paper 2013-16, Federal Reserve Bank of Atlanta.
- Francesco Zanetti & Federico S. Mandelman, 2013. "Flexible prices, labor market frictions and the response of employment to technology shocks," Economics Series Working Papers 683, University of Oxford, Department of Economics.
- Hashmat Khan & John Tsoukalas, 2005. "Technology Shocks and UK Business Cycles," Macroeconomics 0512006, University Library of Munich, Germany.
- Rujin, Svetlana, 2024. "Labor market institutions and technology-induced labor adjustment along the extensive and intensive margins," Journal of Macroeconomics, Elsevier, vol. 79(C).
- Neville Francis & Valerie A. Ramey, 2009.
"Measures of per Capita Hours and Their Implications for the Technology‐Hours Debate,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1071-1097, September.
- Neville Francis & Valerie A. Ramey, 2009. "Measures of per Capita Hours and Their Implications for the Technology-Hours Debate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1071-1097, September.
- Neville Francis & Valerie A. Ramey, 2005. "Measures of Per Capita Hours and their Implications for the Technology-Hours Debate," NBER Working Papers 11694, National Bureau of Economic Research, Inc.
- Valerie A. Ramey & Neville Francis, 2007. "Measures of Per Capita Hours and their Implications for the Technology-Hours Debate," 2007 Meeting Papers 314, Society for Economic Dynamics.
- Artuç, Erhan & Pourpourides, Panayiotis M., 2014.
"R&D and aggregate fluctuations,"
Journal of Economic Dynamics and Control, Elsevier, vol. 47(C), pages 54-71.
- Erhan Artuc & Panayiotis M. Pourpourides, 2012. "R&D and Aggregate Fluctuations," Working Papers 2012-1, Central Bank of Cyprus.
- Artu , Erhan & Pourpourides, Panayiotis M., 2012. "R&D and Aggregate Fluctuations," Cardiff Economics Working Papers E2012/2, Cardiff University, Cardiff Business School, Economics Section.
- Artuc, Erhan & Pourpourides, Panayiotis M., 2012. "R&D and aggregate fluctuations," Policy Research Working Paper Series 6017, The World Bank.
- Jordi Gali & Pau Rabanal, 2004.
"Technology Shocks and Aggregate Fluctuations: How Well Does the RBS Model Fit Postwar U.S. Data?,"
NBER Working Papers
10636, National Bureau of Economic Research, Inc.
- GalÃ, Jordi & Rabanal, Pau, 2004. "Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Post-War US Data?," CEPR Discussion Papers 4522, C.E.P.R. Discussion Papers.
- Mr. Jordi Gali Garreta & Mr. Pau Rabanal, 2004. "Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?," IMF Working Papers 2004/234, International Monetary Fund.
- Fernald, John G., 2007. "Trend breaks, long-run restrictions, and contractionary technology improvements," Journal of Monetary Economics, Elsevier, vol. 54(8), pages 2467-2485, November.
More about this item
Keywords
Productivity; Two-sector real business cycle model;JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:issued:06-102. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Zimmermann (email available below). General contact details of provider: https://edirc.repec.org/data/sedddea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.