ON THE ROLE OF TECHNOLOGY SHOCKS AS A SOURCE OF BUSINESS CYCLES: SOME NEW EVIDENCE
成果类型：
Article
署名作者：
Gali, Jordi
署名单位：
Centre de Recerca en Economia Internacional (CREI); Pompeu Fabra University
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/154247604323068069
发表日期：
2004
页码：
372-380
关键词：
摘要：
I provide some new evidence that reinforces the conclusion in Gali (1999) that exogenous variations in technology play a very limited role, if any, as sources of the business cycle. First, I provide evidence that supports the identification of technology shocks proposed in that paper. Second, I show that similar findings obtain when the same approach is implemented for the Euro area, using a newly available data set. (JEL: E32, E24)
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