-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 …

their claim that part of the post-1995 productivity growth revival reflected the normal cyclical correlation between … productivity and output growth. In contrast data through mid-2003 reveal only a negligible cyclical effect for 1995-99 but rather a … temporary bubble in 2002-03. (2) Why did productivity growth accelerate after 2000 when the ICT investment boom was collapsing …

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 …

During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …

endogenous relation between productivity growth and the state of the economy. A large contractionary shock to equity financing in …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, 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 …

their endogenous technology mechanisms can amplify and propagate the wage markup fluctuations observed in Japan over the … early 90s to drive a Japanese productivity slowdown. The model can reproduce the observed decline, relative to trend of R … output, consumption, investment, TFP and hours worked in Japan during the "lost decade", specially up to 1998. During the …

prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … both Japan and the U.S., innovations in stock prices that are contemporaneously orthogonal to TFP precede most of the long … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …