DiCecio, Riccardo (contributor) - 2005
goods sector in response to a positive
technology shock. In other words, standard RBC models predict that in-
puts in the …, productive-factors immobility is also needed to solve
the comovement puzzle.
7
a technology shock, the denominator increases but …
neutral (disembodied) technology shock increases the productivity of inter-
mediate good producers in either sector. An …