ON THE EFFECTS OF TECHNOLOGY SHOCKS OVER LABOR INPUT AT BUSINESS-CYCLE FREQUENCIES: AN EMPIRICAL NOTE
ON THE EFFECTS OF TECHNOLOGY SHOCKS OVER LABOR INPUT AT BUSINESS-CYCLE FREQUENCIES: AN EMPIRICAL NOTE
| dc.contributor | Sasakawa Young Leader Foundation Fellowship (SYLFF) | en-US |
| dc.contributor | pt-BR | |
| dc.creator | Magalhães, Matheus Albergaria de | |
| dc.creator | Picchetti, Paulo | |
| dc.date | 2013-09-06 | |
| dc.date.accessioned | 2018-11-07T19:14:22Z | |
| dc.date.available | 2018-11-07T19:14:22Z | |
| dc.identifier | https://seer.ufrgs.br/AnaliseEconomica/article/view/21385 | |
| dc.identifier | 10.22456/2176-5456.21385 | |
| dc.identifier.uri | http://repositorioslatinoamericanos.uchile.cl/handle/2250/2176671 | |
| dc.description | In the last years, there has been a heated debate over the empirical adequacy of Real-Business-Cycle (RBC) models (GALÍ, 1999; CHRISTIANO; EICHENBAUM; VIGFUSSON, 2003; FRANCIS; RAMEY, 2005). In this empirical note, we check the robustness of some of the main results obtained in this strand of the literature. Our contribution is twofold: first, we provide robust results by using different data sources; second, we show that the results related to labor input’s dynamic pattern over business-cycle horizons are sensitive to the way labor input is modelled. The results obtained favor specifications where labor input is modelled as growth rates. These results may help distinguishing the most desirable empirical specifications to be employed over the debate in the future. | en-US |
| dc.description | In the last years, there has been a heated debate over the empirical adequacy of Real-Business-Cycle (RBC) models (GALÍ, 1999; CHRISTIANO; EICHENBAUM; VIGFUSSON, 2003; FRANCIS; RAMEY, 2005). In this empirical note, we check the robustness of some of the main results obtained in this strand of the literature. Our contribution is twofold: first, we provide robust results by using different data sources; second, we show that the results related to labor input’s dynamic pattern over business-cycle horizons are sensitive to the way labor input is modelled. The results obtained favor specifications where labor input is modelled as growth rates. These results may help distinguishing the most desirable empirical specifications to be employed over the debate in the future. | pt-BR |
| dc.format | application/pdf | |
| dc.language | eng | |
| dc.publisher | UFRGS | pt-BR |
| dc.relation | https://seer.ufrgs.br/AnaliseEconomica/article/view/21385/26852 | |
| dc.source | Análise Econômica; v. 31, n. 60 (2013): setembro de 2013 | en-US |
| dc.source | Análise Econômica; v. 31, n. 60 (2013): setembro de 2013 | pt-BR |
| dc.source | 2176-5456 | |
| dc.source | 0102-9924 | |
| dc.subject | Economia | en-US |
| dc.subject | Technology shocks; Business cycles; RBC models | en-US |
| dc.subject | E32; C32; C52 | en-US |
| dc.subject | pt-BR | |
| dc.subject | Technology shocks; Business cycles; RBC models | pt-BR |
| dc.subject | E32; C32; C52 | pt-BR |
| dc.title | ON THE EFFECTS OF TECHNOLOGY SHOCKS OVER LABOR INPUT AT BUSINESS-CYCLE FREQUENCIES: AN EMPIRICAL NOTE | en-US |
| dc.title | ON THE EFFECTS OF TECHNOLOGY SHOCKS OVER LABOR INPUT AT BUSINESS-CYCLE FREQUENCIES: AN EMPIRICAL NOTE | pt-BR |
| dc.type | Artículos de revistas | |
| dc.type | Artículos de revistas |