The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on … of factors across firms even within an industry, reducing its TFP. The decline in productivity growth accounts for a …

We investigate how changes in industries’ funding costs affect total factor productivity (TFP) growth. Panel … allocation of factors across firms within an industry, reducing its TFP. Lower productivity growth accounts for a large fraction …

The paper investigates how changes in industries'' funding costs affect total factor productivity (TFP) growth. Based … distort the allocation of factors across firms even within an industry, reducing its TFP. The decline in productivity growth …

We propose a novel identification scheme for a non-technology business cycle shock, that we label "sentiment." This is … a shock orthogonal to identified surprise and news TFP shocks that maximizes the short-run forecast error variance of an … of three identified shocks – surprise TFP, news of future TFP, and "sentiment" – from the US to Canada. The US sentiment …

We propose a novel identification scheme for a non-technology business cycle shock, that we label "sentiment." This is … a shock orthogonal to identified surprise and news TFP shocks that maximizes the short-run forecast error variance of an … of three identified shocks - surprise TFP, news of future TFP, and "sentiment" - from the US to Canada. The US sentiment …