prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … run movements in total factor productivity and (ii) such stock prices innovations do not affect U.S. sectoral TFPs …

During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …

productivity growth, and the exit rate leads all three of these. A vintage capital model in which all technological progress is … operational, both output and productivity increase …

. We construct a new version of Lucas?s (1972) monetary misperceptions model, with a real shock (productivity) and a … to develop a new procedure for identifying the two shocks. The identified productivity shock has a large country …-specific component, and is highly correlated with actual productivity. The identified monetary shock has a large common component, and is …

Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical productivity … procyclical productivity as an essential feature of business cycles because each explanation has important implications for … utilization and resource reallocations are particularly important in explaining procyclical productivity. We also argue that the …

This paper investigates whether managers' personal connections help corporations to escape the productivity trap … Great Recession had a negative effect on corporate productivity, (ii) the effect was long-lasting and persistent, supporting … a productivity-hysteresis hypothesis, (iii) managers' personal connections are counter-cyclical and indeed allowed …

and capital are important for explaining procyclical productivity. Here I present two simple and direct tests of these …

- makes the extent of procyclical productivity depend mainly on the extent of labor hoarding. We show that indeed, whether … productivity is measured via the Solow method using labor's share in revenues or using other methods, it tends to be more …

between the pre- and post 1983 periods, and explains the hours-productivity puzzle …

We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …