Barnichon, Regis - Federal Reserve Board (Board of Governors of the … - 2008
productivity switched sign in the mid 80s: from negative it became positive, while standard search models imply a negative …-shocks). Both shocks can have a permanent e�ect on productivity but only I-shocks can a�ect the price
of investment in the long …, Washington, D.C.
Productivity, Aggregate Demand and Unemployment
Fluctuations
Regis Barnichon
2008-47
NOTE: Staff working papers …