Are predictable improvements in TFP contractionary or expansionary: Implications from sectoral TFP?

被引：2
|
作者：
Nam, Deokwoo [1 ]
Wang, Jian [2 ]
机构：
[1] Hanyang Univ, Dept Econ & Finance, Seoul 133791, South Korea
[2] Fed Reserve Bank Dallas, Res Dept, Dallas, TX 75201 USA
来源：
ECONOMICS LETTERS | 2014年 / 124卷 / 02期
关键词：
Aggregate and sectoral TFP; News shocks to TFP; Business cycle fluctuations; ECONOMIC-FLUCTUATIONS; NEWS;
D O I：
10.1016/j.econlet.2014.05.008
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the effects of predictable changes in TFP at the sectoral level. Our findings can reconcile the seemingly contradictory findings in the literature. Shocks to predictable changes in investment-sector TFP are also found important for US business cycle fluctuations. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：171 / 175
页数：5
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