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Technology shocks, structural breaks and the effects on the business cycle |
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| Authors: | Vincenzo Atella Marco Centoni Gianluca Cubadda |
| Affiliation: | aCEIS & Dipartimento SEFEMEQ, Università di Roma “Tor Vergata”, Roma, Italy;bDipartimento SEGES, Università del Molise, Campobasso, Italy |
| Abstract: | It is shown that time-series of US productivity and hours are apparently affected by a structural break in the late 60s. Moreover, the importance of technology shocks over the business cycle has sharply decreased after the break. |
| Keywords: | Business cycle Technology shocks Structural breaksJEL classification: C32 E32 |
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