In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U ….S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm …

heterogeneous, aggregate investment is substantially less responsive to credit policy compared to an identical firm setting …

conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …