establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … decrease in the steady-state average productivity of roughly 0.5 percent compared to the optimum's steady-state. This decrease … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …

Using a large longitudinal, nationally representative workplace-level dataset, we explore the productivity gains … substitutes in production, and that the productivity gains associated with organizational redesign are industry-specific. …

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 …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …

Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany?s bank-based system of internal control, ownership concentration is harmful for productivity growth. …

productivity, the skill mix of the workforce and wages using micro data for the U.S. and Germany. We find support to the idea that … is evidenced in a greater dispersion in productivity and related key business choices. We also find that the mean impact … of adopting new technology on productivity and wages is greater the in U.S. than in Germany. …