Historically, U.S. labor productivity (output per hour) and total factor productivity (TFP) rose in booms and fell in …, however, the procyclicality of productivity has waned. TFP has been roughly acyclical with respect to inputs, whereas labor … productivity has become significantly countercyclical. The slow pace of productivity growth after 2010, when the post …

In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …

This paper investigates the impact of structural reforms on productivity growth. A panel analysis of 20 OECD countries … finds that the impact of structural reforms on productivity growth may be weak or negative in the short run, possibly due to … run, however, structural reforms are found to have significantly positive effects on productivity growth …

In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …

literature: (i) finding the Holy Grail: total factor productivity is, by construction, a weighted average of dollars per worker …

In the years since the Great Recession, many observers have highlighted the slow pace of productivity growth around the … the mid-1990s. We provide VAR and panel-data evidence that changes in real interest rates have influenced productivity … have triggered unfavorable resource reallocations that were large enough to reduce the level of total factor productivity …

We propose a new decomposition method for analysing aggregate productivity changes. The main improvement in our … proposed method is that we are clearly able to separate out pure productivity changes of a hypothetical average firm from … up firm-level contributions to aggregate productivity growth. It also allows for straightforward interpretation of the …

several methods to decompose total factor productivity growth into secular and unexpected components. All our empirical …