What Happens After A Technology Shock? A Bayesian Perspective (2005)
Ossama Mikhail A, Ellen R. Mcgrattan, To Sune, Glenn Harrison, Kyungso Im, J. Walter Milon, ...
This paper investigates the effect of a positive technology shock on per capita hours worked within the class of Bayesian Vector Auto-Regressive [BVAR] models. Such a framework avoids the current...