does not decline as much as output, resulting in large falls in measured productivity -- and from a theoretical perspective … productivity during a financial crises as the result of changes in the underlying technology of the economy, the efficiency with … changes in productivity, government spending, the terms of trade, and a country's international investment position. We apply …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …

largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage … in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the …

productivity growth, higher markups in product markets, and spending declines resulting from tighter lending standards at financial …

matching function. Wages are determined through Nash bargaining. We also consider aggregate productivity shocks, and a complete … for different kinds of consumers. We also demonstrate that productivity changes in the model---in steady state as well as …

productivity so the paper examines the link between unions and productivity finding only a small association by the end of the 1990 …