-
Views
-
Cite
Cite
Jordi Galí, On the Role of Technology Shocks as a Source of Business Cycles: Some New Evidence, Journal of the European Economic Association, Volume 2, Issue 2-3, 1 May 2004, Pages 372–380, https://doi.org/10.1162/154247604323068069
- Share Icon Share
Abstract
I provide some new evidence that reinforces the conclusion in Galí (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.
This content is only available as a PDF.
© 2004 by the European Economic Association
You do not currently have access to this article.