Technology, Employment, and the Business Cycle: Do Technology...

Technology, Employment, and the Business Cycle: Do Technology Shocks ExplainAggregate Fluctuations?

Jordi Gali

The American Economic Review, Vol. 89, No. 1. (Mar., 1999), pp. 249-271.

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Technology, Employment, and the Business Cycle: Do Technology Shocks ExplainAggregate Fluctuations?Jordi GaliThe American Economic Review, Vol. 89, No. 1. (Mar., 1999), pp. 249-271.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199903%2989%3A1%3C249%3ATEATBC%3E2.0.CO%3B2-X

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[Footnotes]

1 The Computational Experiment: An Econometric ToolFinn E. Kydland; Edward C. PrescottThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 69-85.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199624%2910%3A1%3C69%3ATCEAET%3E2.0.CO%3B2-M

1 Models and Their UsesChristopher A. SimsAmerican Journal of Agricultural Economics, Vol. 71, No. 2. (May, 1989), pp. 489-494.Stable URL:

http://links.jstor.org/sici?sici=0002-9092%28198905%2971%3A2%3C489%3AMATU%3E2.0.CO%3B2-R

1 Macroeconomics and MethodologyChristopher A. SimsThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 105-120.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199624%2910%3A1%3C105%3AMAM%3E2.0.CO%3B2-N

1 Measures of Fit for Calibrated ModelsMark W. WatsonThe Journal of Political Economy, Vol. 101, No. 6. (Dec., 1993), pp. 1011-1041.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199312%29101%3A6%3C1011%3AMOFFCM%3E2.0.CO%3B2-9

http://www.jstor.org

LINKED CITATIONS- Page 1 of 6 -

NOTE: The reference numbering from the original has been maintained in this citation list.

1 Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, andConsumptionJulio J. Rotemberg; Michael WoodfordThe American Economic Review, Vol. 86, No. 1. (Mar., 1996), pp. 71-89.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199603%2986%3A1%3C71%3ARMATFM%3E2.0.CO%3B2-Y

4 Labor Hoarding and the Business CycleCraig Burnside; Martin Eichenbaum; Sergio RebeloThe Journal of Political Economy, Vol. 101, No. 2. (Apr., 1993), pp. 245-273.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199304%29101%3A2%3C245%3ALHATBC%3E2.0.CO%3B2-K

4 Procyclical Productivity: Increasing Returns or Cyclical Utilization?Susanto BasuThe Quarterly Journal of Economics, Vol. 111, No. 3. (Aug., 1996), pp. 719-751.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28199608%29111%3A3%3C719%3APPIROC%3E2.0.CO%3B2-I

4 Macroeconomic Implications of Variation in the Workweek of CapitalMatthew D. Shapiro; Carol Corrado; Peter K. ClarkBrookings Papers on Economic Activity, Vol. 1996, No. 2. (1996), pp. 79-133.Stable URL:

http://links.jstor.org/sici?sici=0007-2303%281996%291996%3A2%3C79%3AMIOVIT%3E2.0.CO%3B2-A

12 Long-Run Implications of Investment-Specific Technological ChangeJeremy Greenwood; Zvi Hercowitz; Per KrusellThe American Economic Review, Vol. 87, No. 3. (Jun., 1997), pp. 342-362.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199706%2987%3A3%3C342%3ALIOITC%3E2.0.CO%3B2-X

13 Fiscal Policy in General EquilibriumMarianne Baxter; Robert G. KingThe American Economic Review, Vol. 83, No. 3. (Jun., 1993), pp. 315-334.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199306%2983%3A3%3C315%3AFPIGE%3E2.0.CO%3B2-A

http://www.jstor.org

LINKED CITATIONS- Page 2 of 6 -

NOTE: The reference numbering from the original has been maintained in this citation list.

19 A Traditional Interpretation of Macroeconomic FluctuationsOlivier Jean BlanchardThe American Economic Review, Vol. 79, No. 5. (Dec., 1989), pp. 1146-1164.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28198912%2979%3A5%3C1146%3AATIOMF%3E2.0.CO%3B2-T

19 The Dynamic Effects of Aggregate Demand and Supply DisturbancesOlivier Jean Blanchard; Danny QuahThe American Economic Review, Vol. 79, No. 4. (Sep., 1989), pp. 655-673.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28198909%2979%3A4%3C655%3ATDEOAD%3E2.0.CO%3B2-P

19 The Dynamic Effects of Aggregate Demand and Supply Disturbances: CommentEdward N. Gamber; Frederick L. JoutzThe American Economic Review, Vol. 83, No. 5. (Dec., 1993), pp. 1387-1393.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199312%2983%3A5%3C1387%3ATDEOAD%3E2.0.CO%3B2-B

30 Factor-Hoarding and the Propagation of Business-Cycle ShocksCraig Burnside; Martin EichenbaumThe American Economic Review, Vol. 86, No. 5. (Dec., 1996), pp. 1154-1174.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199612%2986%3A5%3C1154%3AFATPOB%3E2.0.CO%3B2-A

References

Procyclical Productivity: Increasing Returns or Cyclical Utilization?Susanto BasuThe Quarterly Journal of Economics, Vol. 111, No. 3. (Aug., 1996), pp. 719-751.Stable URL:

http://links.jstor.org/sici?sici=0033-5533%28199608%29111%3A3%3C719%3APPIROC%3E2.0.CO%3B2-I

http://www.jstor.org

LINKED CITATIONS- Page 3 of 6 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Fiscal Policy in General EquilibriumMarianne Baxter; Robert G. KingThe American Economic Review, Vol. 83, No. 3. (Jun., 1993), pp. 315-334.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199306%2983%3A3%3C315%3AFPIGE%3E2.0.CO%3B2-A

An Econometric Study of Hours and Output Variation with Preference ShocksValerie R. BencivengaInternational Economic Review, Vol. 33, No. 2. (May, 1992), pp. 449-471.Stable URL:

http://links.jstor.org/sici?sici=0020-6598%28199205%2933%3A2%3C449%3AAESOHA%3E2.0.CO%3B2-6

A Traditional Interpretation of Macroeconomic FluctuationsOlivier Jean BlanchardThe American Economic Review, Vol. 79, No. 5. (Dec., 1989), pp. 1146-1164.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28198912%2979%3A5%3C1146%3AATIOMF%3E2.0.CO%3B2-T

The Dynamic Effects of Aggregate Demand and Supply DisturbancesOlivier Jean Blanchard; Danny QuahThe American Economic Review, Vol. 79, No. 4. (Sep., 1989), pp. 655-673.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28198909%2979%3A4%3C655%3ATDEOAD%3E2.0.CO%3B2-P

Factor-Hoarding and the Propagation of Business-Cycle ShocksCraig Burnside; Martin EichenbaumThe American Economic Review, Vol. 86, No. 5. (Dec., 1996), pp. 1154-1174.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199612%2986%3A5%3C1154%3AFATPOB%3E2.0.CO%3B2-A

Labor Hoarding and the Business CycleCraig Burnside; Martin Eichenbaum; Sergio RebeloThe Journal of Political Economy, Vol. 101, No. 2. (Apr., 1993), pp. 245-273.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199304%29101%3A2%3C245%3ALHATBC%3E2.0.CO%3B2-K

http://www.jstor.org

LINKED CITATIONS- Page 4 of 6 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Current Real-Business-Cycle Theories and Aggregate Labor-Market FluctuationsLawrence J. Christiano; Martin EichenbaumThe American Economic Review, Vol. 82, No. 3. (Jun., 1992), pp. 430-450.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199206%2982%3A3%3C430%3ACRTAAL%3E2.0.CO%3B2-D

The Dynamic Effects of Aggregate Demand and Supply Disturbances: CommentEdward N. Gamber; Frederick L. JoutzThe American Economic Review, Vol. 83, No. 5. (Dec., 1993), pp. 1387-1393.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199312%2983%3A5%3C1387%3ATDEOAD%3E2.0.CO%3B2-B

Long-Run Implications of Investment-Specific Technological ChangeJeremy Greenwood; Zvi Hercowitz; Per KrusellThe American Economic Review, Vol. 87, No. 3. (Jun., 1997), pp. 342-362.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199706%2987%3A3%3C342%3ALIOITC%3E2.0.CO%3B2-X

Money, Prices, Interest Rates and the Business CycleRobert G. King; Mark W. WatsonThe Review of Economics and Statistics, Vol. 78, No. 1. (Feb., 1996), pp. 35-53.Stable URL:

http://links.jstor.org/sici?sici=0034-6535%28199602%2978%3A1%3C35%3AMPIRAT%3E2.0.CO%3B2-V

Time to Build and Aggregate FluctuationsFinn E. Kydland; Edward C. PrescottEconometrica, Vol. 50, No. 6. (Nov., 1982), pp. 1345-1370.Stable URL:

http://links.jstor.org/sici?sici=0012-9682%28198211%2950%3A6%3C1345%3ATTBAAF%3E2.0.CO%3B2-E

The Computational Experiment: An Econometric ToolFinn E. Kydland; Edward C. PrescottThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 69-85.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199624%2910%3A1%3C69%3ATCEAET%3E2.0.CO%3B2-M

http://www.jstor.org

LINKED CITATIONS- Page 5 of 6 -

NOTE: The reference numbering from the original has been maintained in this citation list.

Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, andConsumptionJulio J. Rotemberg; Michael WoodfordThe American Economic Review, Vol. 86, No. 1. (Mar., 1996), pp. 71-89.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28199603%2986%3A1%3C71%3ARMATFM%3E2.0.CO%3B2-Y

Macroeconomic Implications of Variation in the Workweek of CapitalMatthew D. Shapiro; Carol Corrado; Peter K. ClarkBrookings Papers on Economic Activity, Vol. 1996, No. 2. (1996), pp. 79-133.Stable URL:

http://links.jstor.org/sici?sici=0007-2303%281996%291996%3A2%3C79%3AMIOVIT%3E2.0.CO%3B2-A

Models and Their UsesChristopher A. SimsAmerican Journal of Agricultural Economics, Vol. 71, No. 2. (May, 1989), pp. 489-494.Stable URL:

http://links.jstor.org/sici?sici=0002-9092%28198905%2971%3A2%3C489%3AMATU%3E2.0.CO%3B2-R

Macroeconomics and MethodologyChristopher A. SimsThe Journal of Economic Perspectives, Vol. 10, No. 1. (Winter, 1996), pp. 105-120.Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28199624%2910%3A1%3C105%3AMAM%3E2.0.CO%3B2-N

Measures of Fit for Calibrated ModelsMark W. WatsonThe Journal of Political Economy, Vol. 101, No. 6. (Dec., 1993), pp. 1011-1041.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28199312%29101%3A6%3C1011%3AMOFFCM%3E2.0.CO%3B2-9

http://www.jstor.org

LINKED CITATIONS- Page 6 of 6 -

NOTE: The reference numbering from the original has been maintained in this citation list.