Technology Shocks and Aggregate Fluctuations

Author	: Mr.Pau Rabanal
Publisher	: International Monetary Fund
Total Pages	: 68
Release	: 2004-12-01
ISBN-10	: 9781451875652
ISBN-13	: 1451875657
Rating	: 4/5 (52 Downloads)

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Book Synopsis Technology Shocks and Aggregate Fluctuations by : Mr.Pau Rabanal

Download or read book Technology Shocks and Aggregate Fluctuations written by Mr.Pau Rabanal and published by International Monetary Fund. This book was released on 2004-12-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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