We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …

This study examines the determinants of total factor productivity (TFP) in US firms. Moreover, the firms' technology … activities are more related within similar technologies are able to report higher productivity, especially during economic … recession periods. As such, firms can monitor productivity for strategic reasons such as corporate planning and organisation …

reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal … marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 … in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag …

the drop in private economy productivity growth between 1990-2000 and 2010-2016, though it accounted for less than 20% of … aggregate value-added. While productivity growth fell in almost all three-digit manufacturing industries, almost 40% of the fall … in aggregate manufacturing productivity growth reflected a slower decline of the deflator for computers and electronic …

This paper examines the effect of demand on productivity. We exploit the Energy Policy Act of 2005 as a natural … demand on productivity within the corn sector. Using physical output productivity measures we show that the demand shock … caused firms to increase productivity by 35% and provide evidence that this was driven by demand altering final goods' prices …