Sakellaris, Plutarchos; Vijselaar, Focco - European Central Bank - 2004
substantial evidence of biases in the official price indexes of capital equipment. We apply to euro area statistics estimates of … of equipment and software grow on average 3 percentage points faster annually - a doubling of their growth rates. Quality … adjustment subtracts 11 percentage points from the share of TFP in aggregate growth and adds them to the share of equipment stock …