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This paper re-examines the relationship between technology shocks and business cycles, investigating whether technology shocks are responsible for aggregate fluctuations. The authors explore various identification schemes for technology shocks and analyze their implications on economic variables, finding that traditional views of technology-driven business cycles may no longer hold.
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NBER Working Paper 8726 is a research paper published by the National Bureau of Economic Research that examines a specific economic topic or issue, contributing to the body of knowledge in economics.
Authors who conduct research relevant to the topics covered in NBER Working Paper 8726 are required to submit their work for consideration.
To fill out NBER Working Paper 8726, authors must follow the guidelines provided by the NBER, which typically involves formatting the paper according to specific standards and including relevant data and analyses.
The purpose of NBER Working Paper 8726 is to disseminate preliminary research findings to the academic community and policymakers for feedback and discussion.
Researchers must report detailed findings, methodology, data sources, and any limitations of their study in NBER Working Paper 8726.
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