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Commentary.
- Source :
- Review (00149187); Jul/Aug2005, Vol. 87 Issue 4, p487-492, 6p, 3 Graphs
- Publication Year :
- 2005
-
Abstract
- Comments on a paper by Jordi Galí published in this same issue which revisits a property embedded in most dynamic macroeconomic models: the stationarity of hours worked. Investigation into how much of the business cycle is accounted for by technology shocks; Fundamental problem with identification of vector autoregressions by means of long-run restrictions; Graph showing the response of employment to technology shock.
- Subjects :
- BUSINESS cycles
MACROECONOMICS
EMPLOYMENT
ECONOMIC models
ECONOMICS
Subjects
Details
- Language :
- English
- ISSN :
- 00149187
- Volume :
- 87
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Review (00149187)
- Publication Type :
- Academic Journal
- Accession number :
- 17596214
- Full Text :
- https://doi.org/10.20955/r.87.487-492