; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Technology Shocks and Aggregate Fluctuations"; ; "batchuser@example.com"; "Eichenbaum, Martin S.", "Christiano, Lawrence J.", "Lindé, Jesper", "Altig, David, 1956-"; "Preliminary and incomplete"^^; "Consumption", "Fluctuations", "General equilibrium model", "Shocks", "Technology"; "E32 - Business Fluctuations; Cycles", "D58 - Computable and Other Applied General Equilibrium Models"; "We report estimates of the dynamic effects of a technology shock, and then use these to estimate the parameters of a dynamic general equilibrium model with money. We find: (i) a positive technology shock drives up hours worked, consumption, investment and output; (ii) the positive response of hours worked reflects that the Fed has in practice accommodated technology shocks; (iii) model parameter values and functional forms that match the response of macroeconomic variables to monetary policy shocks also work well for technology shocks; (iv) while technology shocks account for a large fraction of the lower frequency component of economic fluctuations, they account for only a small part of the business cycle component of fluctuations."^^; "2002-06"; "2018-03-29T18:19:11.882692674+00:00"^^; ; "2021-02-05T17:29:38.088858494+00:00"^^; "Conference Proceeding"; "17", "215", "141", "457"; "Joint commitee on business and financial analysis"; "Consumption", "General equilibrium model", "Shocks", "Technology", "Fluctuations"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department."; ; "ConferenceProceeding" . ; .