for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of … through a number of channels, including productivity, employment, competition and prices; (iii) digitalisation raises … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …

result is that the model is able to generate persistent responses in output, inflation, and total labor input to both neutral …

Inflation (1948:I-1979:II) to the Great Moderation (1984:I-2006:II). Reminiscent of the evidence in Shapiro and Watson (1988 … policy and smaller shocks explain almost evenly the large decline of the variability in inflation …

short-run and long-run inflation expectations. The estimated model allows us to analyze the direct and indirect effects of … product-market and labor-market shocks on prices and nominal wages and to quantify the sources of U.S. pandemic-era inflation … and wage growth. We find that, contrary to early concerns that inflation would be spurred by overheated labor markets …

We analyze the causal effect of the length of the worker’s commute on worker's productivity, by examining whether …

We analyze the causal effect of the length of the worker's commute on worker's productivity, by examining whether …

, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more … the result of a welfare gain of around 5% from the endogenous increase in productivity coupled with a loss of around 7 …