) growth using annual data on 389 4- digit U.S. manufacturing industries over the period 1974-1993. As expected, the results …

future technology generates an increase in current consumption, hours and investment. These models are said to exhibit … potential for explaining procyclical news shocks. Its critical assumption is that news of the future technology also illuminates … the nature of this technology. This illumination in turn permits economic actors to invest in capital that is forward …

Empirical evidence suggests that there is a long lag between the time a new technology is introduced and the time at …

dynamic process that requires labor to b employed in research and development for innovation to occur. Technology is … innovation and technology transfer affects the economic incentives to innovate and the relative wages in both countries. As a …

-identified technology shocks. They found that during the Martin-Burns- Miller era, the Fed responded to technology shocks by overstabilizing … of the rule to output and inflation fluctuations, and the response to technology shocks. …

The technology growth trends that underlie recent productivity patterns are investigated in a framework that … downward shift in TFP growth in the late 1960s and an upward shift in investment-specific technology growth in the mid-1980s … technology growth shocks in a basic neoclassical model show that induced patterns of capital accumulation are consistent with the …

reflective of an industry undergoing rapid technical change and adjustment of average firm size, but not necessarily a long …

We survey the recent empirical literature using long run restrictions to identify technology shocks. We provide an …, we offer an alternative identification of technology shocks that can be imposed by restrictions on the long-run impulse … technology. …