idea in a general equilibrium model with endogenous price flexibility and entry-exit. Faced with higher productivity … uncertainty, firms set prices more flexibly. This improves their resilience, reducing exit and output losses in response to … uncertainty can be welfare-improving when productivity shocks are large. …

This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between … 1994 and 2016, by focusing on the role of reallocation with respect to both aggregate measures. Firm-level productivity and … aggregate productivity growth of about 34% over the whole period while aggregate markups are found to remain relatively stable …

, reduce firm exit and increase firm entry. In the medium run, exit overshoots the baseline. We rationalize these findings in a … general equilibrium model featuring endogenous entry and exit. In the model, expansionary monetary policy shocks increase firm …We analyze the influence of monetary policy on firms’ extensive margin and productivity. Our empirical evidence for the …

increase in share of revenue from innovations and productivity. In combination with higher average digital readiness levels of …