| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5894 |
| DP5894 Trade Liberalization and Productivity Growth | |
| Paul Segerstrom; Peter Gustafsson | |
| 发表日期 | 2006-10-15 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We examine the dynamics of US output and inflation using a structural time varying coefficient VAR. We show that there are changes in the volatility of both variables and in the persistence of inflation. Technology shocks explain changes in output volatility, while a combination of technology, demand and monetary shocks explain variations in the persistence and volatility of inflation. We detect changes over time in the transmission of technology shocks and in the variance of technology and of monetary policy shocks. Hours and labour productivity always increase in response to technology shocks. |
| 主题 | International Macroeconomics |
| 关键词 | Variability Persistence Transmission Structural time varying vars |
| URL | https://cepr.org/publications/dp5894 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534726 |
| 推荐引用方式 GB/T 7714 | Paul Segerstrom,Peter Gustafsson. DP5894 Trade Liberalization and Productivity Growth. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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