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Fabio Canova
;
J. David López-Salido
;
Claudio Michelacci

the effects of technology shocks on hours and output: a robustness analysis (replication data)

We analyze the effects of neutral and investment-specific technology shocks on hours and output. Long cycles in hours are removed in a variety of ways. Hours robustly fall in response to neutral shocks and robustly increase in response to investment-specific shocks. The percentage of the variance of hours (output) explained by neutral shocks is small (large); the opposite is true for investment-specific shocks. News shocks are uncorrelated with the estimated technology shocks.

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Canova, Fabio; López-Salido, J. David; Michelacci, Claudio (2010): The effects of technology shocks on hours and output: a robustness analysis (replication data). Version: 1. Journal of Applied Econometrics. Dataset. http://dx.doi.org/10.15456/jae.2022319.1309127156

Related Publication

Canova, F., Lopez-Salido, D. and Michelacci, C. (2010), The Effects Of Technology Shocks On Hours And Output: A Robustness Analysis, Journal of Applied Econometrics, 25(5), 755-773. https://doi.org/10.1002/jae.1090