competition from demand shocks in export markets – and the induced product mix reallocations – induce productivity changes within … the firm. We then empirically test for this connection between the demand shocks and the productivity of multi …-product firms exporting to those destinations. We find that the effect of those demand shocks on productivity is substantial – and …

-adjusted total factor productivity series, which we take as a measure of exogenous productivity. In contrast to the predictions of … the model, positive productivity shocks are estimated to be more expansionary at the ZLB compared to normal times. However …, in line with the predictions of the basic model, positive productivity shocks have a stronger negative effect on …

and productivity remain depressed. This is because when limits tighten, low-asset, low-productivity job losers cannot self …

. We show how sectoral distortions manifest at the aggregate level via two channels: total factor productivity and the …

-level productivity in a two-country DSGE model with heterogenous producers and an endogenous dynamic export participation decision. First …

We investigate the link between real exchange rates and sectoral total factor productivity measures for countries in … previous studies that have found little relationship between productivity levels and the real exchange rate among high …

on average firm-level productivity growth across regions into these channels. We then structurally estimate the model and … growth of firm-level productivity and cash-flow and higher export entry rates. We find negative average effects for firms in …

and patents. We document key empirical facts on inventors' productivity over the life cycle, inventors' research teams … better inventors are very strongly correlated with higher subsequent productivity. These facts motivate the main ingredients …

, productivity is higher. The probabilistic matching model of Diamond, Mortensen, and others provides a way to make the idea of …