Technology Shocks and Business Cycles in India
(2017)
Journal Article
Banerjee, S., & Basu, P. (2019). Technology Shocks and Business Cycles in India. Macroeconomic Dynamics, 23(5), 1721-1756. https://doi.org/10.1017/s1365100517000438
In this paper, we develop a small open economy New Keynesian dynamic stochastic general equilibrium (DSGE) model to understand the relative importance of two key technology shocks, Hicks neutral total factor productivity (TFP) shock and investment sp... Read More about Technology Shocks and Business Cycles in India.