Lafourcade, Pierre - Federal Reserve Board (Board of Governors of the … - 2003
paper questions the traditional assumption in the business cycle
literature, that there are no pure monopoly proflts. The … persistence of technology shocks in the business cycle.
3Interestingly, Kiley mentions in his paper, as a passing comment, that …
(dotted) (US quarterly data)
Figures 1 and 2 plot the time series for average q in the non-flnancial non-farm business
sector …