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- W1527873065 abstract "The neoclassical effects of permanent technology shocks on employment is re-investigated. Contrary to Jordi Gali's (1999) assertion published in this Review, I show that standard neoclassical theory is fully capable of explaining the stylized fact that positive permanent technology shocks reduce employment and that positive transitory nontechnology shocks increase labor productivity." @default.
- W1527873065 created "2016-06-24" @default.
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- W1527873065 date "2001-01-01" @default.
- W1527873065 modified "2023-09-27" @default.
- W1527873065 title "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment" @default.
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