We study the effect of releasing public information about productivity or monetary shocks when agents learn from … informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can …

This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity …-factor productivity is negatively and significantly influenced by both indicators of industrial prices from same industry and weighted … all countries could expect sizeable gains in multifactor productivity from deregulation reforms …

This paper presents a new approach to assess the role of price mismeasurement in the productivity slowdown. I invert … the firm's investment decision to identify the embodied and disembodied components of productivity growth. With a Cobb …-Douglas production function, output price mismeasurement only should affect the latter. Contrary to the mismeasurement hypothesis, I find …

Though built with increasingly precise microfoundations, modern optimizing sticky price models have displayed a chronic … [2000]. This is an ironic finding, since Taylor [1980] and other researchers were motivated to study sticky price models in … standard view of the cyclical behavior of real marginal cost built into current sticky price macro models. Using both a small …

of services or unit price. We compare the treatment of heart attacks and newly diagnosed chest pain in HMOs and … may yield substantial productivity improvements relative to traditional insurance …

This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data … gap indexes to be attributed to a failure of real wages to respond to the post-1972 productivity growth slowdown is … relatively minor. The paper's analysis of productivity change confirms the real-wage elasticity of labor input emphasized …

slave price series indicates that the price of rice was the major determinant of the demand for slaves and in turn largely …

but the signaling effect of price is far from complete, especially for non-innovator brands. The look of the pharmacy, as … are likely to suspect low quality from market price, non-innovator brand and the look of the pharmacy, but none of these …

paper examines the relationship between sale rates and price surprises over time in art auctions. Using data on contemporary … strong positive relationship of sale rates to unexpected aggregate price changes, which is reminiscent of a Phillips curve … that sale rates revert to "normal" very quickly following a price surprise. We estimate an empirical model to measure …