effects of heterogeneous productivity across firms on macroeconomic dynamics. The first model indicates that monetary policy … amplification mechanism of exogenous technology shocks based on endogenous firm entry and heterogeneous productivity. Increasing … competition after a positive shock forces less productive firms to leave the market, leading to higher a average productivity …

productivity dispersion of structural change to provide an insight into its evolution and dynamics. Chapter 3, builds on the … findings from Chapter 2 by assessing whether, and if so, to what extent, structural change – identified with productivity …