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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 … a favorable news shock to TFP, while it depreciates in response to a positive contemporaneous shock. In addition, the …
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In economies with sticky-information wage setting, policymakers legitimately give attention to output stabilization as well as price-level or inflation stabilization. Consistent with Kydland and Prescott (1990), trend deviations in prices are predicted to be negatively correlated with trend...
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mass customization. This paper assesses the impact of these innovations on economic productivity, focusing on the …, strengthen productivity growth, and improve standards of living. …
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