In addition to its micro analysis, this paper also asks whether faster productivity growth reduces inflation, raises …A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But … our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income …

, this paper also asks whether faster productivity growth reduces inflation, raises nominal wage growth, or raises profits …. We find that an acceleration or deceleration of the productivity growth trend alters the inflation rate by at least one …A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But …

the principal topics of macroeconomics - namely, growth, inflation, and unemployment. The author re-examines their salient …