The response of hours to a technology shock: evidence based on direct measures of technology

Lawrence Christiano, Martin Eichenbaum and Robert J. Vigfusson

No 790, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series computed in Basu, Fernald and Kimball (1999). We conclude that hours worked rise after such a shock.

Keywords: Technology (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-dge and nep-mac
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Citations: View citations in EconPapers (18)

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Related works:
Journal Article: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology (2004)
Working Paper: The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology (2004)
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