quarterly time series for the G7-countries. A vector-autoregressive model containing total factor productivity and a survey … response of productivity to a business cycle innovation. The results suggest that positive business cycles shocks have a small … negative impact on long-run productivity. However, the results appear to be not robust against changes in the empirical model. …

Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive … positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …

Using data for the G7 countries, I estimate conditional correlations of employment and productivity, based on a …) technology shocks appear to induce a negative comovement between productivity and employment, counterbalanced by a positive … positive technology shock, and (c) measured productivity increases temporarily in response to a positive demand shock. More …