productivity. We show that long-run growth estimates based on filtering U.S. productivity data comove strongly with long …-horizon survey expectations. By simulating the model in which agents filter data on U.S. productivity growth, we closely match the U …

productivity. We show that long-run growth estimates based on filtering U.S. productivity data comove strongly with long …-horizon survey expectations. By simulating the model in which agents filter data on U.S. productivity growth, we closely match the U …

) model to examine the long-term effects on the economy with three sets of scenarios: (1) a moderate boom in the productivity …

reform is mainly due to productivity growth, and that the income inequality is increasing over time. This paper is a … here matches the magnitude of productivity growth, economic growth and change in Gini coefficients observed in China. On …