Imagen de Portada
Código QR

Patents, News, and Business Cycles.

We exploit information in patent applications to construct an instrumental variable for the identification of technology news shocks that relaxes all the identifying assumptions traditionally used in the literature. The instrument recovers news shocks that have no effect on aggregate productivity in...

Descripción completa

Publicado en:Review of Economic Studies Vol. 93; no. 4; pp. 2819 - 2846
Autores principales: Miranda-Agrippino, Silvia, Hacıoğlu-Hoke, Sinem, Bluwstein, Kristina
Formato: Artículo
Publicado: Oxford University Press / USA Jul2026
Materias:
Business cycles
Marginal productivity
Macroeconomics
Patents
Instrumental variables (Statistics)
Economic shock
Financial markets
Acceso en línea:Ver este registro en EBSCOhost