Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for … business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation … coincident with production activity due to the prevalence of just-in-time delivery. The Toll Index is a good early indicator of …

establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. -- Firm dynamics … ; productivity ; inflation ; welfare …

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole … from the EUKLEMS database. Our main findings are as follows. Over 2000-2005, market sector labour productivity grew at 2 … innovation contributed 61% (=(1.24+0.45)/2.74)of labour productivity growth over the period. -- Innovation ; productivity growth …

go back at least 200 years further using our methods. We analyse data for six countries (the USA, UK, Germany, France … short-run positive effect. Our estimated index of subjective wellbeing generally does not feature any positive trend, which …

heterogeneous workforce in terms of skills and productivity. Capital and labor are the inputs in production and the different types … these gains stems from the productivity increase arising from the expanded labor market opportunities for these workers …

rapidly raising productivity while making workers redundant. This paper explores the evidence for this view among the IT …-using U.S. manufacturing industries. There is some limited support for more rapid productivity growth in IT … expectations, is that output contracts in IT-intensive industries relative to the rest of manufacturing. Productivity increases …

/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU … firms are more likely to achieve productivity gains through capital-embodied technological change at least in medium and low …