as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

and data series show that the major drop in output was due to productivity. In addition, the timing of the banking reforms …

Using plant-level data, I show that the dispersion of total factor productivity in U.S. durable manufacturing is … greater in recessions than in booms. This cyclical property of productivity dispersion is much less pronounced in non … incumbents survive, which results in a more compressed productivity distribution. The resulting higher average productivity in …

forecast-error variance share of labor productivity at long horizons. In this paper, we propose a variant of the Max Share … identification, which focuses on maximizing the variance share of labor productivity in the frequency domain. We consider the … shock increases productivity, output, and hours at business-cycle frequencies. The technology shock that maximizes …

models featuring Epstein-Zin preferences and affine dynamics for productivity growth and volatility. The method relies on log …

In this paper, we find that expected (news) and unexpected (contemporaneous) components of productivity changes have … factor productivity (TFP) into news and contemporaneous productivity changes. The US real exchange rate appreciates following … international transmission of productivity shocks and the modeling of exchange rate volatility. …

Standard real business cycle models must rely on total factor productivity (TFP) shocks to explain the observed …