Revisiting the effect of a technology shock on hours
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DOI: 10.1016/j.econlet.2017.05.041
Abstract: A number of studies demonstrate that a positive technology shock leads to a short-run decline in hours (employment). This paper shows that a standard flexible price model can deliver the negative response of hours to… read more here.
Keywords: technology shock; revisiting effect; shock hours; effect technology ... See more keywords