explore the process by which the FOMC came to recognize, and react to, the productivity acceleration of the 1990s. Initial … productivity-driven positive supply side shocks of the 1990s were initially viewed favorably. However, over time they came to be …

labor supply margin to assess the quantitative contribution of productivity and life expectancy in explaining educational … productivity. …

We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies …–adjusted equity yields across sectors. Economy–wide factor productivity and the aggregate growth rate are both negatively correlated …

innovation and productivity. There is strong evidence, instead, that patents have many negative consequences. …

forecast-error variance share of labor productivity at long horizons. In this paper, we propose a variant of the Max Share … identification, which focuses on maximizing the variance share of labor productivity in the frequency domain. We consider the … shock increases productivity, output, and hours at business-cycle frequencies. The technology shock that maximizes …