{"id":"https://openalex.org/W2889970669","doi":"https://doi.org/10.3386/w10309","title":"Technology Shocks in the New Keynesian Model","display_name":"Technology Shocks in the New Keynesian Model","publication_year":2004,"publication_date":"2004-02-01","ids":{"openalex":"https://openalex.org/W2889970669","doi":"https://doi.org/10.3386/w10309","mag":"2889970669"},"language":"en","primary_location":{"id":"doi:10.3386/w10309","doi":"https://doi.org/10.3386/w10309","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w10309","pdf_url":"https://doi.org/10.3386/w10309","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.3386/w10309","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5013728304","display_name":"Peter N. Ireland","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I103531236","display_name":"Boston College","ror":"https://ror.org/02n2fzt79","country_code":"US","type":"education","lineage":["https://openalex.org/I103531236"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Peter Ireland","raw_affiliation_strings":["Boston College and NBER;"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Boston College and NBER;","institution_ids":["https://openalex.org/I103531236"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5013728304"],"corresponding_institution_ids":["https://openalex.org/I103531236"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":68,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/technology-shocks","display_name":"productivity shocks","score":0.9860000014305115},{"id":"https://openalex.org/keywords/new-keynesian-model","display_name":"New Keynesian model","score":0.9769999980926514},{"id":"https://openalex.org/keywords/real-business-cycle-model","display_name":"real business cycle model","score":0.9259999990463257},{"id":"https://openalex.org/keywords/aggregate-fluctuations","display_name":"aggregate fluctuations","score":0.6819999814033508},{"id":"https://openalex.org/keywords/cost-push-shocks","display_name":"cost-push shocks","score":0.8769999742507935},{"id":"https://openalex.org/keywords/preference-shocks","display_name":"preference shocks","score":0.8119999766349792},{"id":"https://openalex.org/keywords/monetary-policy-shocks","display_name":"monetary policy shocks","score":0.8840000033378601},{"id":"https://openalex.org/keywords/output","display_name":"output","score":0.527999997138977},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":1.0},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.996999979019165},{"id":"https://openalex.org/keywords/monetary-policy-trade-offs","display_name":"monetary policy trade-offs","score":0.8029999732971191},{"id":"https://openalex.org/keywords/federal-reserve","display_name":"Federal Reserve","score":0.7039999961853027},{"id":"https://openalex.org/keywords/postwar-america","display_name":"postwar United States","score":0.9509999752044678}],"concepts":[{"id":"https://openalex.org/C10688316","wikidata":"https://www.wikidata.org/wiki/Q936174","display_name":"New Keynesian economics","level":3,"score":0.8836240768432617},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7699137926101685},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7632339596748352},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.723298966884613},{"id":"https://openalex.org/C2778774626","wikidata":"https://www.wikidata.org/wiki/Q220841","display_name":"Phillips curve","level":3,"score":0.7006838321685791},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.6893376708030701},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.6697705388069153},{"id":"https://openalex.org/C2776318286","wikidata":"https://www.wikidata.org/wiki/Q16963850","display_name":"Technology shock","level":4,"score":0.6012284755706787},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5438199639320374},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.4390585720539093},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3759789764881134},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.33166828751564026},{"id":"https://openalex.org/C489367","wikidata":"https://www.wikidata.org/wiki/Q1962064","display_name":"Dynamic stochastic general equilibrium","level":3,"score":0.24866601824760437},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.08068478107452393},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.3386/w10309","doi":"https://doi.org/10.3386/w10309","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w10309","pdf_url":"https://doi.org/10.3386/w10309","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},{"id":"pmh:oai:RePEc:nbr:nberwo:10309","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/papers/w10309.pdf","pdf_url":"http://www.nber.org/papers/w10309.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:aleph.bib-bvb.de:BVB01-012034549","doi":null,"is_oa":false,"landing_page_url":"http://papers.nber.org/papers/w10309.pdf","pdf_url":"http://papers.nber.org/papers/w10309.pdf","source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.597.7146","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.597.7146","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://irelandp.com/pubs/tshocksnk.pdf","raw_type":"text"},{"id":"pmh:oai:RePEc:boc:bocoec:536","doi":null,"is_oa":false,"landing_page_url":"http://fmwww.bc.edu/EC-P/wp536.zip","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:2889970669","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:boc:bocoec:536","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"mag:3125876372","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=510202","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null}],"best_oa_location":{"id":"doi:10.3386/w10309","doi":"https://doi.org/10.3386/w10309","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w10309","pdf_url":"https://doi.org/10.3386/w10309","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2889970669.pdf","grobid_xml":"https://content.openalex.org/works/W2889970669.grobid-xml"},"referenced_works_count":42,"referenced_works":["https://openalex.org/W1504267436","https://openalex.org/W1513601948","https://openalex.org/W1975400201","https://openalex.org/W1988822453","https://openalex.org/W1995278743","https://openalex.org/W1995872895","https://openalex.org/W1996929003","https://openalex.org/W2014077903","https://openalex.org/W2045829260","https://openalex.org/W2052489773","https://openalex.org/W2053409600","https://openalex.org/W2058783780","https://openalex.org/W2075102972","https://openalex.org/W2089853409","https://openalex.org/W2094025373","https://openalex.org/W2112895268","https://openalex.org/W2122509945","https://openalex.org/W2123471816","https://openalex.org/W2129524834","https://openalex.org/W2134622247","https://openalex.org/W2135874057","https://openalex.org/W2140898820","https://openalex.org/W2142741054","https://openalex.org/W2144395073","https://openalex.org/W2146207816","https://openalex.org/W2149855692","https://openalex.org/W2992573040","https://openalex.org/W3022712314","https://openalex.org/W3121675720","https://openalex.org/W3121835984","https://openalex.org/W3122283263","https://openalex.org/W3123426266","https://openalex.org/W3123935426","https://openalex.org/W3124765495","https://openalex.org/W3125135614","https://openalex.org/W3148442900","https://openalex.org/W4240473395","https://openalex.org/W4247765758","https://openalex.org/W4302820715","https://openalex.org/W6630673300","https://openalex.org/W6681956307","https://openalex.org/W7070470445"],"related_works":["https://openalex.org/W7098292740","https://openalex.org/W3123223830","https://openalex.org/W2025521074","https://openalex.org/W4221041113","https://openalex.org/W180500068","https://openalex.org/W2591964261","https://openalex.org/W3124287335","https://openalex.org/W1745941027","https://openalex.org/W2331207461","https://openalex.org/W3034374572"],"abstract_inverted_index":{"In":[0],"the":[1,13,43,52,59,62,70],"New":[2,66],"Keynesian":[3,67],"model,":[4,27],"preference,":[5],"cost-push,":[6],"and":[7,48,69],"monetary":[8,94],"shocks":[9,36],"all":[10],"compete":[11],"with":[12],"real":[14,71],"business":[15,72],"cycle":[16,73],"model's":[17],"technology":[18],"shock":[19],"in":[20,51,92],"driving":[21],"aggregate":[22],"fluctuations.A":[23],"version":[24],"of":[25,45,65],"this":[26],"estimated":[28],"via":[29],"maximum":[30],"likelihood,":[31],"points":[32],"to":[33],"these":[34],"other":[35],"as":[37],"being":[38],"more":[39],"important":[40],"for":[41],"explaining":[42],"behavior":[44],"output,":[46],"inflation,":[47],"interest":[49],"rates":[50],"postwar":[53],"United":[54],"States":[55],"data.These":[56],"results":[57],"weaken":[58],"links":[60],"between":[61],"current":[63],"generation":[64],"models":[68,74],"from":[75],"which":[76],"they":[77],"were":[78],"originally":[79],"derived.They":[80],"also":[81],"suggest":[82],"that":[83],"Federal":[84],"Reserve":[85],"officials":[86],"have":[87],"often":[88],"faced":[89],"difficult":[90],"trade-offs":[91],"conducting":[93],"policy.":[95]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2018-09-27T00:00:00"}