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dc.contributor.authorHaertel, Thomasen_US
dc.contributor.authorLucke, Bernden_US
dc.date.accessioned2009-01-28T15:05:09Z-
dc.date.available2009-01-28T15:05:09Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17950-
dc.description.abstractWe study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and newsdriven business cycles. For German data on TFP and stock prices we find qualitatively similar empirical evidence. Quantitatively, however, an impulse response analysis suggests that a substantial part of the total TFP response is immediate rather than delayed. We relate this to disembodied technological change and noisy data on TFP. Nevertheless, we confirm the technology interpretation of structural shocks by showing that they are Granger-causal for data on patents granted by the German patent agency.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relation.ispartofseriesEconomics Discussion Papers / Institut für Weltwirtschaft 2007-27en_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordnewsen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordTFPen_US
dc.subject.keywordstructural VARen_US
dc.titleNew Evidence on News-Driven Business Cyclesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558293336en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:5732-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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