This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium … productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to … higher prices, relative to unconstrained firms. The search for and availability of liquidity is a key determinant of firms …

that it has specific benefits in terms of reducing prices, creating jobs, or increasing wages. While economists often … emphasize the consumer benefits of trade due to lower prices, only 20-40% of survey respondents in most countries perceive such …

's labor turnover costs (e.g. costs of hiring, training, and firing). In this context, labor turnover costs not only influence …

We provide new empirical evidence regarding the magnitude and the determinants of a firm's costs required to fill a … vacancy. The average costs required to fill a vacancy for a skilled worker in Switzerland amount to about 16 weeks of wage … payments. The main components of the vacancy costs are initially low productivity, the formal instruction of a new hire (53 …

to 58%, measured either in terms of reductions in data collection costs or in terms of improvements in the precision of …