Working Paper
The response of hours to a technology shock: evidence based on direct measures of technology
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.
Keywords: Technology;
Access Documents
File(s): File format is text/html http://www.federalreserve.gov/pubs/ifdp/2003/790/default.htm
File(s): File format is application/pdf http://www.federalreserve.gov/pubs/ifdp/2003/790/ifdp790.pdf
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: International Finance Discussion Papers
Publication Date: 2003
Number: 790