Empirical study examining the response of labor supply to technology shocks, contrasting the opposing findings of Gali (1999) and Christiano et al. (2003). Using data from the FREDII database, this analysis computes log labor productivity and per-capita hours for the nonfarm business sector. Two VAR(4) models and Wold impulse response functions with 68% bootstrap confidence bands are estimated to identify technology shocks and their impact
project.pdf: contains full project pdf, made for an university project.
code.m: contains the code in MATLAB to run