Oulton, Nicholas; Sebastia-Barriel, Maria - Bank of England - 2013
The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …
