Broadbent, Ben; Di Pace, Federico; Drechsel, Thomas; … - 2019
the model economy to such news are consistent with key patterns in UK data. While overall economic growth slows, an … conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of … reallocated towards the tradable sector, tradable output growth rises and net exports increase. These developments reverse after …