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Please use this identifier to cite or link to this item: http://hdl.handle.net/2192/113

 
Title: Technology shocks, structural breaks and the effects on the business cycle.
Authors: Atella, Vincenzo
Centoni, Marco
Cubadda, Gianluca
Keywords: Business cycle
technology shocks
structural breaks.
Issue Date: 22-Oct-2007
Abstract: This paper contributes to the literature on the role of technology shocks as source of the business cycle in two ways. First, we document that time-series of US productivity and hours are apparently affected by a structural break in the late 60 s, which is likely due to a major change in the monetary policy. Second, we show that the importance of demand shocks over the business cycle has sharply increased after the break.
URI: http://hdl.handle.net/2192/113
Appears in Collections:4 - REPEC
Econpapers

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