| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15375 |
| 来源ID | Working Paper 15375 |
| Methods versus Substance: Measuring the Effects of Technology Shocks on Hours | |
| José-Víctor Ríos-Rull; Frank Schorfheide; Cristina Fuentes-Albero; Maxym Kryshko; Raül Santaeulàlia-Llopis | |
| 发表日期 | 2009-09-24 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | In this paper, we employ both calibration and modern (Bayesian) estimation methods to assess the role of neutral and investment-specific technology shocks in generating fluctuations in hours. Using a neoclassical stochastic growth model, we show how answers are shaped by the identification strategies and not by the statistical approaches. The crucial parameter is the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the estimation procedures result in technology shocks accounting for 2% to 9% of the variation in hours worked in the data. We infer that we should be talking more about identification and less about the choice of particular quantitative approaches. |
| 主题 | Econometrics ; Estimation Methods ; Data Collection ; Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w15375 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573050 |
| 推荐引用方式 GB/T 7714 | José-Víctor Ríos-Rull,Frank Schorfheide,Cristina Fuentes-Albero,et al. Methods versus Substance: Measuring the Effects of Technology Shocks on Hours. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15375.pdf（441KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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