Year: 2004
Type: article
Abstract: Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Source: IMF Working Paper
Authors: Jordi Gali Garreta, Pau Rabanal
Institutions: Generalitat de Catalunya, Duke University, Fundación Ramón Areces
Language: English
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2955726577