their endogenous technology mechanisms can amplify and propagate the wage markup fluctuations observed in Japan over the … early 90s to drive a Japanese productivity slowdown. The model can reproduce the observed decline, relative to trend of Ramp … output, consumption, investment, TFP and hours worked in Japan during the quot;lost decadequot;, specially up to 1998. During …

their endogenous technology mechanisms can amplify and propagate the wage markup fluctuations observed in Japan over the … early 90s to drive a Japanese productivity slowdown. The model can reproduce the observed decline, relative to trend of R … output, consumption, investment, TFP and hours worked in Japan during the "lost decade", specially up to 1998. During the …

variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe … and Japan than in the United States. Employment contributes the largest proportion of the cycle in Europe and the United …