Francis, Neville (contributor); … - 2003 - [Elektronische Ressource], rev
, business cycles are driven by some combination of
monetary, fiscal, and technological innovations, where "technology" is often …, respectively; γ is
the labor share of output; and A
t
is the so-called Solow residual.
Innovations to the Solow residual were … wages, investment, and consumption and determined whether the impulse
responses for these variables accorded with theory …