What (really) accounts for the fall in hours after a technology shock? /

The paper asks how state of the art DSGE models that account for the conditional response of hours following a positive neutral technology shock compare in a marginal likelihood race. To that end we construct and estimate several competing small-scale DSGE models that extend the standard real busine...

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Bibliographic Details
Main Author: Rebei, Nooman, 1972- (Author)
Corporate Author: International Monetary Fund. Institute for Capacity Development.
Format: eBook
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/211.
Online Access:CONNECT