total factor productivity (TFP) is endogenous and depends on the resource allocation. The model uncovers a novel tradeoff …

The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …

This work examines the presence of unobserved components in the time series of Total Factor Productivity, which is an … cycles rely on certain properties of the different components of the time series of Total Factor Productivity. In the study … secular component of Total Factor Productivity. While in the study of business cycles, the Real Business Cycle approach …

The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …

behavior and aggregate fluctuations. We document that firm-level sales and productivity are hit by heavy-tailed shocks and …

is difficult to enforce debtors to repay their debt unless it is secured by collateral, a productivity shock in the …

behavior and aggregate fluctuations. We document that firm-level sales and productivity are hit by heavy-tailed shocks and …

is difficult to enforce debtors to repay their debt unless it is secured by collateral, a productivity shock in the …