Demand Shocks as Technology Shocks.

We provide a macroeconomic theory where demand for goods has a productive role. A search friction prevents perfect matching between producers and potential customers. Larger demand induces more search, which, in turn, increases GDP and measured total factor productivity (TFP). We embed the product-m...

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Detalles Bibliográficos

Publicado en:	Review of Economic Studies Vol. 93; no. 2; pp. 798 - 833
Autores principales:	Bai, Yan, Ríos-Rull, José-Víctor, Storesletten, Kjetil
Formato:	Artículo
Publicado:	Oxford University Press / USA Mar2026
Materias:	Economic demand Macroeconomics Consumption (Economics) Business cycles Economic shock Economic efficiency Bayes' estimation
Acceso en línea:	Ver este registro en EBSCOhost