in mark-ups. Demand also suffered a conspicuous decline. Our results suggest that non-stressed countries seem to enjoy a … stronger recovery in terms of fundamentals like quantity TFP, demand and mark-ups than stressed countries. Yet, their overall … components - namely physical TFP, mark-ups, quality and production scale. The new methodology is applied to a panel of EU …

We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups … quantify TFP, demand and markups and show how they are correlated among them, across time and with measures obtained from other … that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to …

This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …

productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we …

This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …

productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

What have we learned about productivity in the past two decades? In this article, Andrew Sharpe from the Centre for the … Study of Living Standards reviews a recently published NBER volume entitled New Development in Productivity Analysis, edited … of productivity research. Key recent developments in productivity analysis, as evidenced by the volume, include the …