Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … problems in its labor market, reflected in its high long–term and youth unemployment. Our analysis of the drivers of labor …

the features that hamper job growth, investment, and productivity growth. This paper analyzes the impact of Basel III …

This paper describes determinants of Japan’s productivity growth, reform outputs, and speculation on future potential …

generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly …