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Evidence from German Data [Dataset]"},{"typeName":"author","multiple":true,"typeClass":"compound","value":[{"authorName":{"typeName":"authorName","multiple":false,"typeClass":"primitive","value":"Thomas Haertel"},"authorAffiliation":{"typeName":"authorAffiliation","multiple":false,"typeClass":"primitive","value":"University of Hamburg"}},{"authorName":{"typeName":"authorName","multiple":false,"typeClass":"primitive","value":"Bernd Lucke"},"authorAffiliation":{"typeName":"authorAffiliation","multiple":false,"typeClass":"primitive","value":"University of Hamburg"}}]},{"typeName":"datasetContact","multiple":true,"typeClass":"compound","value":[{"datasetContactName":{"typeName":"datasetContactName","multiple":false,"typeClass":"primitive","value":"Korinna Werner-Schwarz"},"datasetContactAffiliation":{"typeName":"datasetContactAffiliation","multiple":false,"typeClass":"primitive","value":"Kiel Institute for the World Economy"},"datasetContactEmail":{"typeName":"datasetContactEmail","multiple":false,"typeClass":"primitive","value":"korinna.werner-schwarz@economics-ejournal.org"}}]},{"typeName":"dsDescription","multiple":true,"typeClass":"compound","value":[{"dsDescriptionValue":{"typeName":"dsDescriptionValue","multiple":false,"typeClass":"primitive","value":"We study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and\nnews-driven business cycles. For German data on TFP and stock prices we find qualitatively\r similar empirical evidence. Quantitatively, however, an impulse response analysis suggests\r that a substantial part of the total TFP response is immediate rather than delayed. We relate\r this to disembodied technological change and noisy data on TFP. Nevertheless, we confirm\r the technology interpretation of structural shocks by showing that they are Granger-causal for\r data on patents granted by the Ge\nrman patent agency. We also show that these shocks\r generate comovement of macro variables at business cycle horizons and account for a sizable\r share of the forecast error variance of these variables in the medium and long run."},"dsDescriptionDate":{"typeName":"dsDescriptionDate","multiple":false,"typeClass":"primitive","value":"2008"}}]},{"typeName":"keyword","multiple":true,"typeClass":"compound","value":[{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"News"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Business cycles"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"TFP"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Structural VAR"}}]},{"typeName":"topicClassification","multiple":true,"typeClass":"compound","value":[{"topicClassValue":{"typeName":"topicClassValue","multiple":false,"typeClass":"primitive","value":"E32"},"topicClassVocab":{"typeName":"topicClassVocab","multiple":false,"typeClass":"primitive","value":"JEL"}}]},{"typeName":"publication","multiple":true,"typeClass":"compound","value":[{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"Thomas Haertel and Bernd Lucke (2008). Do News Shocks Drive Business Cycles? Evidence from German Data. Economics: The Open-Access, Open-Assessment E-Journal, Vol. 2, 2008-10.  <a href=\"http://www.economics-ejournal.org/economics/journalarticles/2008-10\"> http://www.economics-ejournal.org/economics/journalarticles/2008-10</a>"}}]},{"typeName":"productionDate","multiple":false,"typeClass":"primitive","value":"2008"},{"typeName":"distributor","multiple":true,"typeClass":"compound","value":[{"distributorName":{"typeName":"distributorName","multiple":false,"typeClass":"primitive","value":"Economics: The Open-Access, Open-Assessment E-Journal"},"distributorURL":{"typeName":"distributorURL","multiple":false,"typeClass":"primitive","value":"http://www.economics-ejournal.org"},"distributorLogoURL":{"typeName":"distributorLogoURL","multiple":false,"typeClass":"primitive","value":"http://www.economics-ejournal.org/logo.png"}}]},{"typeName":"distributionDate","multiple":false,"typeClass":"primitive","value":"2008"},{"typeName":"dateOfDeposit","multiple":false,"typeClass":"primitive","value":"2009-10-05"},{"typeName":"timePeriodCovered","multiple":true,"typeClass":"compound","value":[{"timePeriodCoveredStart":{"typeName":"timePeriodCoveredStart","multiple":false,"typeClass":"primitive","value":"1970"},"timePeriodCoveredEnd":{"typeName":"timePeriodCoveredEnd","multiple":false,"typeClass":"primitive","value":"2005"}}]},{"typeName":"kindOfData","multiple":true,"typeClass":"primitive","value":["aggregate data"]}]},"geospatial":{"displayName":"Geospatial Metadata","name":"geospatial","fields":[{"typeName":"geographicCoverage","multiple":true,"typeClass":"compound","value":[{"otherGeographicCoverage":{"typeName":"otherGeographicCoverage","multiple":false,"typeClass":"primitive","value":"Germany"}}]}]},"socialscience":{"displayName":"Social Science and Humanities Metadata","name":"socialscience","fields":[{"typeName":"timeMethod","multiple":false,"typeClass":"primitive","value":"Time series"},{"typeName":"frequencyOfDataCollection","multiple":false,"typeClass":"primitive","value":"quarterly"}]}},"files":[{"description":"data in wf1 file","label":"TFP Germany and DAX.wf1","restricted":false,"version":1,"datasetVersionId":51687,"categories":["2. 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