productivity growth. This paper offers a quantitative study on the link between uncertainty and low productivity growth. Firstly … Recession. Secondly, to investigate the effect of uncertainty on productivity growth dynamics, I present a novel general … productivity growth when accounting for the empirical discrepancy between the realised and expected changes to the second-moment of …

's (1982) model of learning in a setting where each firm gradually learns about its own productivity, and each occasionally …

productivity and distorts the picture of what is happening in the economy. In this paper, we incorporate sweat equity in an … otherwise standard business cycle model. We use the model to analyze productivity in the United States during the 1990s boom. We … modest growth in productivity …

, I develop a heterogeneous-firms model that endogenizes declines in aggregate productivity through reallocation towards …-cycle of 2003-2012, the calibrated model generates about 50% of the observed productivity decline. …