Federal Reserve Bank of Richmond: "The Changing Nature of Technology Shocks"
December 19, 2024
December 19, 2024
RICHMOND, Virginia, Dec. 19 (TNSres) -- The Federal Reserve Bank of Richmond issued the following white paper (No. 24-13) in November 2024 by Christoph Gortz, Christopher Gunn and Thomas A. Lubik entitled "The Changing Nature of Technology Shocks."
Here are excerpts:
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We document changes to the pattern of technology shocks and their propagation in post-war U.S. data. Using an agnostic identification procedure, we show that the dominant shock . . .
Here are excerpts:
* * *
We document changes to the pattern of technology shocks and their propagation in post-war U.S. data. Using an agnostic identification procedure, we show that the dominant shock . . .