We investigate how the deterioration of household balance sheets affects worker productivity, and whether such effects …

that the productivity shocks required by the model are implausibly large and volatile. Second, these models have difficulty … requires implausibly high cross-country correlations of productivity shocks. This paper builds a model in which the utilization … in (i) reducing the required size of productivity shocks; and (ii) increasing international comovement of factor inputs …

estimated with greater precision. The most empirically successful models include productivity measures, government spend- ing …

A positive productivity shock in the host country tends typically to increase the volume of the desired FDI flows to … productivity change on bilateral FDI flows. We also uncover sizeable threshold barriers in our data set and link the analysis to …

-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at … business cycles in emerging markets and, importantly, assigns a negligible role to nonstationary productivity shocks …

through its effect on productivity: the entry and exit of firms and the reallocation of resources from less to more efficient … firms explain a relevant part of transitional productivity dynamics. In this paper we use a stochastic general equilibrium …

task allocation across workers changes in response to productivity shocks. Pairing hourly productivity data from a ready …-made garments firm with granular data on exposure to particulate matter pollution, we show that productivity suffers as a result of … resulting productivity declines …