labor productivity shock has a strong negative effect on employment. There are tantalizing and interesting differences … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a … between TFP and labor productivity. We argue that TFP is a more natural measure of technology because labor productivity …

labor productivity shock has a strong negative effect on employment. There are tantalizing and interesting differences … employment increase in response to a permanent TFP shock. This raises serious questions about existing work that finds that a … between TFP and labor productivity. We argue that TFP is a more natural measure of technology because labor productivity …

-error variance of labor productivity at a long, but finite, horizon. In small-sample Monte Carlo experiments, our identification … estimation precision. When applied to the data, the hours response is shown to be sensitive to the contribution of non …-technology shocks to the variance of productivity at long horizons. We conclude that long-run restrictions aimed at isolating the …

Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are … particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous … to have turned productivity more sensitive to the business cycle (and especially to the fall of stock markets). …

technology shock. Technology shocks are identified as disturbances that increase relative state productivity in the long run for … heterogeneous responses of both employment and net labour flows across states, conditional on a positive technology shock. We build … net labour flows across states following a technology shock. …

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 … cyclical employment fluctuations. -- Intensive margin ; extensive margin ; productivity ; business cycles ; variance …