| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7962 |
| DP7962 Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks | |
| Morten Ravn; Karel Mertens | |
| 发表日期 | 2010-08-01 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | A number of empirical studies find that permanent technological improvements give rise to a temporary drop in hours worked. This finding seriously questions the technology-driven business cycle hypothesis. In this paper we argue that it is important to control for permanent changes in taxes, which invalidate the standard long run identifying assumptions for technology shocks and induce low frequency fluctuations in hours worked. Using the narrative data of Romer and Romer (2010), we find that tax shocks have significant long run effects on aggregate hours, output and labor productivity. We also find that, after controlling for tax shocks, permanent shocks to labor productivity generate short run increases in hours worked and are an important source of fluctuations in US output. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycles Hours worked Tax shocks Technology shocks |
| URL | https://cepr.org/publications/dp7962 |
| 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/536796 |
| 推荐引用方式 GB/T 7714 | Morten Ravn,Karel Mertens. DP7962 Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Morten Ravn]的文章 |
| [Karel Mertens]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Morten Ravn]的文章 |
| [Karel Mertens]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Morten Ravn]的文章 |
| [Karel Mertens]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
