search query: @author Gali, J. / total: 14
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| Author: | Gali, J. |
| Title: | Technology, employment, and the business cycle: do technology shocks explain aggregate fluctuations? |
| Journal: | American Economic Review
1999 : MAR, VOL. 89:1, p. 249-271 |
| Index terms: | ECONOMICS TECHNOLOGY EMPLOYMENT |
| Language: | eng |
| Abstract: | The author estimated a decomposition of productivity and hours into technology and non-technology components. Two results stand out: (a) the estimated conditional correlations of hours and productivity are negative for technology shocks, positive for nontechnology shocks; (b) hours show a persistent decline in response to a positive technology shock. Most of the results hold for a variety of model specifications, and for the majority of G7 countries. |
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