Le rôle des chocs technologiques mondiaux dans les fluctuations agrégées

Martial Dupaigne and Patrick Fève

Revue économique, 2005, vol. 56, issue 3, 745-754

Abstract: This paper questions Galí [1999]?s empirical methodology that aims to evaluate the effects of technology shocks. We show that specification error can be large enough to reverse the sign of hours worked? response. An applied researcher using this methodology might mistakingly conclude that employment decreases after a positive technology shock.

Date: 2005
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Working Paper: Le rôle des chocs technologiques mondiaux dans les fluctuations agrégées (2004)
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