We study the effect of releasing public information about productivity or monetary shocks when agents learn from …

inflation in response to exogenous movements in monetary policy and productivity. In this model, disinflations and productivity … information. The model implies that, in the face of productivity change, a policy of targeting either nominal income or the … and productivity surprises …

We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and … it ignores the additional capital formation made possible by an increase in productivity and therefore understates … productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if …

condition holds, non-zero rates of growth of labor productivity will not destroy debt neutrality …

United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a …

establishments. Within the framework of a modified Cobb-Douglas production function, layoffs do not influence subsequent productivity …

This paper uses an integrated model of aggregate supply to analyze the post-1973 slowdown in productivity growth in the … cyclical factors. The model is therefore re-estimated, and the sources of productivity decline recalculated, on the hypothesis …