Ejmr
Can someone please explain to me wtf a negative shock on technology is?
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Weather or climate change effects, political events, changes in regulations about production standards ( eg an imput is found to be daingerous, and it is retired from the market); earthquakes, vulcanoes, terrorist actions, etc. The accumulated effect changes the aggregated production function. OP has zero imagination, you should find a better job than economic research.
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It's a comically rudimentary, pseudoscientific way for economists to try and get around the lack of correspondence between their models' assumptions and the way the actual world works. Model failing to match up with actual data? Just add "shocks." Feeling SUPER sophisticated? Add negative as well as positive shocks.
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This guy can't read the explanation above and keep repeating the bs
It's a comically rudimentary, pseudoscientific way for economists to try and get around the lack of correspondence between their models' assumptions and the way the actual world works. Model failing to match up with actual data? Just add "shocks." Feeling SUPER sophisticated? Add negative as well as positive shocks.
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Weather or climate change effects, political events, changes in regulations about production standards ( eg an imput is found to be daingerous, and it is retired from the market); earthquakes, vulcanoes, terrorist actions, etc. The accumulated effect changes the aggregated production function. OP has zero imagination, you should find a better job than economic research.
So which weather or climate change effect caused the great recession of 2009? Or the Great Depression?
Or was it an earthquake, volcano, or terrorist action?
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It's a comically rudimentary, pseudoscientific way for economists to try and get around the lack of correspondence between their models' assumptions and the way the actual world works. Model failing to match up with actual data? Just add "shocks." Feeling SUPER sophisticated? Add negative as well as positive shocks.
Man, you're dumb. I would fear that you will reproduce, except you're also socially inept, fat, ugly, and trapped in your mom's basement, so society is safe from that.
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Weather or climate change effects, political events, changes in regulations about production standards ( eg an imput is found to be daingerous, and it is retired from the market); earthquakes, vulcanoes, terrorist actions, etc. The accumulated effect changes the aggregated production function. OP has zero imagination, you should find a better job than economic research.
So which weather or climate change effect caused the great recession of 2009? Or the Great Depression?
Or was it an earthquake, volcano, or terrorist action?It was Facebook sucking up 2 hours a day of everybody's productivity.
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Weather or climate change effects, political events, changes in regulations about production standards ( eg an imput is found to be daingerous, and it is retired from the market); earthquakes, vulcanoes, terrorist actions, etc. The accumulated effect changes the aggregated production function. OP has zero imagination, you should find a better job than economic research.
So which weather or climate change effect caused the great recession of 2009? Or the Great Depression?
Or was it an earthquake, volcano, or terrorist action?Obviously it was a financial bubble, are you dumb or what?
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Weather or climate change effects, political events, changes in regulations about production standards ( eg an imput is found to be daingerous, and it is retired from the market); earthquakes, vulcanoes, terrorist actions, etc. The accumulated effect changes the aggregated production function. OP has zero imagination, you should find a better job than economic research.
So which weather or climate change effect caused the great recession of 2009? Or the Great Depression?
Or was it an earthquake, volcano, or terrorist action?Who ever said 2009 was a tfp shock, you half wit?