A Skeptical Note on the Importance of Technology Shocks

James E. Hartley

The American Economist, 1998, vol. 42, issue 1, 108-111

Abstract: This paper tests whether a real business cycle model can be built using a specific technological shock, a change in the depreciation rate, instead of an aggregate multiplicative shock. The model cannot duplicate standard business cycle facts.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:42:y:1998:i:1:p:108-111

DOI: 10.1177/056943459804200113

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