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International Finance Discussion Papers
The International Finance Discussion Papers logo links to the International Finance Discussion Papers home page The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
Lawrence J. Christiano; Martin Eichenbaum; Robert J. Vigfusson
2003-790  (December)

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.

Full paper (265 KB PDF)

Keywords
productivity, long-run identifying assumption, Granger-causality

As Published Elsewhere
Journal of European Economic Association, forthcoming

PDF files: Adobe Acrobat Reader   ZIP files: PKWARE

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Last update: December 29, 2003