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The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology

Lawrence J. Christiano, Martin Eichenbaum, Robert Vigfusson

NBER Working Paper No. 10254
Issued in January 2004
NBER Program(s):Economic Fluctuations and Growth

We investigate what happens to hours worked after a positive shock to technology, using the aggregate technology series computed in Basu, Fernald and Kimball (1999). We conclude that hours worked rise after such a shock.

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Document Object Identifier (DOI): 10.3386/w10254

Published: Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2004. "The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 381-395, 04/05. citation courtesy of

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