The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on … economically meaningful negative impact on TFP growth. This finding cannot be explained by either increasing returns to scale or …

the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed … nonrecovery years. Real depreciation and the exchange rate regime also have asymmetric growth effects in a recovery year relative …

rapid impact of U.S. shocks on Mexican growth …

times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously … austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically … significant. In a weak economic environment, the likelihood of a self-defeating austerity shock is much higher than in normal …

of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a …

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected …

The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price … output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible …