Construct · 1 fields · 1 citations

technology-hours puzzle: a standalone construct

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Macroeconomics

finding from long-run restricted VARs that positive technology shocks lower hours worked on impact, contrary to standard real business cycle predictions.

In macroeconomics, technology-hours puzzle refers to finding from long-run restricted VARs that positive technology shocks lower hours worked on impact, contrary to standard real business cycle predictions. This meaning comes from Galí (1999) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

business1 fields · 1 citationsanchor · a standalone construct cycle4 fields · 4 citationsjingle · one word, four constructs impact6 fields · 11 citationsjingle · one name, six constructs

References

Galí, J. (1999). Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? American Economic Review, 89(1), 249-271. https://doi.org/10.1257/aer.89.1.249

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