In this paper, we find that expected (news) and unexpected (contemporaneous) components of productivity changes have … factor productivity (TFP) into news and contemporaneous productivity changes. The US real exchange rate appreciates following … international transmission of productivity shocks and the modeling of exchange rate volatility. …

This paper makes four points about the recent dynamics of productivity and potential output. First, after accelerating … in the mid-1990s, labor and total-factor productivity growth slowed after the early to mid 2000s. This slowdown preceded … the Great Recession. Second, in contrast to some informal commentary, productivity performance during the Great Recession …

, including capital, are used to produce a quarterly series on total factor productivity (TFP). In addition, the dataset …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules explanations that …, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A calibrated growth … model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying productivity growth …

industries is highly correlated, identifiable shocks, like shocks to productivity, are far less correlated. While previous work …

countries. We show analytically that fluctuations in measured productivity in our model are not linked across countries through …