rates of total factor productivity in distinct consumption- and investment-goods- producing technologies. This model … attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the …

This work examines the presence of unobserved components in the time series of Total Factor Productivity, which is an … cycles rely on certain properties of the different components of the time series of Total Factor Productivity. In the study … secular component of Total Factor Productivity. While in the study of business cycles, the Real Business Cycle approach …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

Using plant-level data, I show that the dispersion of total factor productivity in U.S. durable manufacturing is … greater in recessions than in booms. This cyclical property of productivity dispersion is much less pronounced in non … incumbents survive, which results in a more compressed productivity distribution. The resulting higher average productivity in …

forecast-error variance share of labor productivity at long horizons. In this paper, we propose a variant of the Max Share … identification, which focuses on maximizing the variance share of labor productivity in the frequency domain. We consider the … shock increases productivity, output, and hours at business-cycle frequencies. The technology shock that maximizes …

models featuring Epstein-Zin preferences and affine dynamics for productivity growth and volatility. The method relies on log …

Standard real business cycle models must rely on total factor productivity (TFP) shocks to explain the observed …

Measured productivity is strongly procyclical. Real business cycle theories suggest that actual fluctuations in … productivity are the source of fluctuations in aggregate output. Keynesian theories maintain that fluctuations in aggregate output … to explain the procyclicality of productivity. If observed productivity shocks are true productivity shocks, a function …