number of shocks. The study gives details on the specification and the estimation of the model. The evaluation is based on …

This paper addresses the issue of estimating and forecasting productivity growth trends in the US and Germany from the … productivity to derive a model for short- and/or long-term forecasts of labour productivity. We will use stability tests and a … for long-term forecasts and argue in favor of a near unit-root modelling. That implies a convergence of productivity …

2070. We account for the inherent uncertainty in our projections using Bayesian estimation techniques. Overall, Germany …, coupled with sluggish total factor productivity and investment trend growth, contributes to the decline. Our results highlight …