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conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …
Persistent link: https://www.econbiz.de/10012055479
Persistent link: https://www.econbiz.de/10011436354
conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …
Persistent link: https://www.econbiz.de/10012863988
a country catches up to the leader depends primarily on factors that affect productivity in non- agricultural activities …: agricultural productivity is thus largely irrelevant in the very long run. But in the short run, a country that experiences large … improvements in agricultural productivity (due to, say, a Green Revolution) will experience a rapid increase in its income relative …
Persistent link: https://www.econbiz.de/10011611950
a country catches up to the leader depends primarily on factors that affect productivity in non- agricultural activities …: agricultural productivity is thus largely irrelevant in the very long run. But in the short run, a country that experiences large … improvements in agricultural productivity (due to, say, a Green Revolution) will experience a rapid increase in its income relative …
Persistent link: https://www.econbiz.de/10010369225
Persistent link: https://www.econbiz.de/10002531602
After the Brexit referendum the behavior of the UK economy defied widespread expectations, as it did not exhibit a V-shaped recession, but a slow decline in production. We show that this pattern of propagation arises when uncertainty is about future, rather than current fundamentals, and if the...
Persistent link: https://www.econbiz.de/10012259750
Persistent link: https://www.econbiz.de/10000582044
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Persistent link: https://www.econbiz.de/10003378810