An edition of Understanding the puzzling effects of technology shocks
(2007)
Understanding the puzzling effects of technology shocks
by Pengfei Wang
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"Under aggregate technology shocks, both aggregate inputs and sectorial inputs decline initially and then rise permanently. However, under sector-specific technology shocks, sectorial inputs decline permanently. In addition, sectorial output is very responsive to aggregate technology shocks but not so to sector-specific technology shocks. We show that a flexible-price RBC model with firm entry and exit is consistent with these stylized facts"--Federal Reserve Bank of St. Louis web site.
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Understanding the puzzling effects of technology shocks
2007, Federal Reserve Bank of St. Louis
Electronic resource
in English
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Book Details
Edition Notes
Title from PDF file as viewed on 4/19/2007.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| December 19, 2020 | Edited by MARC Bot | import existing book |
| December 10, 2009 | Created by WorkBot | add works page |