distinctive features, what they are used for, and how they can be derived from economic theory. It also describes how they are …

distinctive features, what they are used for, and how they can be derived from economic theory. It also describes how they are …

productivity in advanced and emerging market and developing economies (EMDEs). This paper uses a new method to extract technology … shocks that excludes these influences, resulting in lasting improvements in labor productivity. The same methodology in turn … is used to identify a stylized example of the effects of a demand shock on productivity. Technology innovations are …

priors can be naturally elicited using economic theory, which provides guidance on the joint dynamics of macroeconomic time …

for a dynamic interaction in explaining total factor productivity (TFP). Relative to the existing literature, our model …