. In particular, our findings highlight the key role of business dynamism and its implications for productivity in …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …

, investment - and weak positive comovement between real quantities and inflation, contrary to the view that anticipated … technological innovations reduce inflation. The technology news shock became the predominant source of the business cycle from the …

factor productivity (TFP). Using a 1890-2013 17-OECD country database, this paper improves the measurement of TFP by taking …, contribution. Quality-adjusted production factors explain less than half of labor productivity growth in the largest countries but … Japan, where capital deepening posted a very large contribution. As a consequence, the “one big wave” of productivity growth …

The worrying combination of the labor market tightness and the wage inflation in the US since the pandemic raises a … hours worked, makes wages more volatile, and sustains wage inflation. The model also generates differential effects of the … business closure orders on productivity and the labor market in the US. The earning rates and hours responses to the crisis …

identification procedure, we show that the dominant shock driving total factor productivity (TFP) is akin to a diffusion or news …