-city areas. Standard empirical tests of the new trade models consistently find productivity-based ex ante self selection by … also goes along with positive productivity sorting. Ignoring this leads to upwardly biased estimates of the effect of … hypothesis. I find evidence that positive productivity self-selection is based on the combined effects of agglomeration and …

response should be comprehensively total: institutions that unite, infrastructure that connects, interventions that target …

productivity with economies adjusting to new levels following a shock. This suggests that the current recession will be embodied …

productivity growth. We show that the data imply that households are not willing to substitute between the two goods at all and …

This paper makes four points about the recent dynamics of productivity and potential output. First, after accelerating … in the mid-1990s, labor and total-factor productivity growth slowed after the early to mid 2000s. This slowdown preceded … the Great Recession. Second, in contrast to some informal commentary, productivity performance during the Great Recession …

and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for … theory and history to be consistent for a wide range of underlying productivity shocks. …

, including capital, are used to produce a quarterly series on total factor productivity (TFP). In addition, the dataset …

U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules explanations that …, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A calibrated growth … model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying productivity growth …