misallocation of labor ranging from 2 to 10 percent of total labor costs, for an increase in the index of labor regulation from the …

factors across firms was at the root of the low TFP growth in Spain, while misallocation across sectors played only a minor … role. We show that within-industry misallocation of production factors increased substantially over the period in all … technological frontier. Cross-industry variation reveals that the increase in misallocation was more severe in sectors where the …

empirically investigates the impact of local house price booms on capital misallocation within manufacturing industries. Using the …

misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a reduction in real rates increases … misallocation in partial equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the …

impact of monetary policy on capital misallocation through its heterogeneous effects on firms. Using Spanish firm-level data … covering the period 1999-2019, we show that an expansionary monetary policy shock leads to a decrease in capital misallocation …