How do Canadian hours worked respond to a technology shock?
How do Canadian hours worked respond to a technology shock?
Rate this book:
About This Book
"This paper investigates the response of hours worked to a permanent technology shock. Based on annual data from Canada, we argue that hours worked rise after a positive technology shock. We obtain a similar result using annual data from the United States. These results contradict a large literature that claims that a positive technology shock causes hours worked to fall. We find that the different results are due to the literature making a specification error in the statistical model of per capital hours worked. Finally, we present results that Canadian monetary policy has accommodated technology shocks"--Federal Reserve Board web site.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Lawrence J. Christiano
Alternative procedures for est
Alternative procedures for estimating vector autoregressions identified with long-run restrictions
Assessing structural VARs
Assessing structural VARs
Chaos, sunspots, and automatic
Chaos, sunspots, and automatic stabilizers
Current real business cycle th
Current real business cycle theories and aggregate labor market fluctuations
DSGE models for monetary polic
DSGE models for monetary policy analysis
Estimating the parameters of c
Estimating the parameters of continuous time rational expectations models