Showing 1 - 10 of 36
example, can make the effect of a traded-goods productivity improvement on the real exchange rate negative or positive, as … on the relationship between productivity and the real exchange rate. -- Exchange rates ; Productivity …
Persistent link: https://www.econbiz.de/10003933283
The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro …, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors …
Persistent link: https://www.econbiz.de/10005536846
example, can make the effect of a traded-goods productivity improvement on the real exchange rate negative or positive, as … on the relationship between productivity and the real exchange rate. …
Persistent link: https://www.econbiz.de/10004976803
-down approach of Diewert and Yu (2012). Inputs and outputs are measured and used to estimate the quarterly total factor productivity …
Persistent link: https://www.econbiz.de/10011157208
Can regulation solve problems arising from a natural monopoly? This paper analyzes whether “unbundling,” referring to regulations that enforce sharing of natural monopolistic infrastructure, prevents entrants from building new infrastructure. It models and estimates a dynamic entry game to...
Persistent link: https://www.econbiz.de/10010849945
We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be transmitted through temporary demand and supply channels (affecting the output gap), as well as through persistent supply side...
Persistent link: https://www.econbiz.de/10008558777
The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on...
Persistent link: https://www.econbiz.de/10005004435
Treating imports as intermediate inputs to domestic production, the author adopts the translog function approach to model real gross domestic income (GDI) in Canada over the 1961-2006 period. She explores the role of price ratios, such as terms of trade and the real effective exchange rate, in...
Persistent link: https://www.econbiz.de/10005808275
explicitly related to the trend of labour force productivity and of the participation rate. These two variables have been … of labour force productivity and the participation rate. Furthermore, since 1995, the growth rate of potential GDP has … been clearly above its historical average because of an increase in the trend of productivity and, to a lesser degree, in …
Persistent link: https://www.econbiz.de/10005808276
mainly through changes in ownership) on aggregate labour productivity. Capital reallocation is an important activity in the … United States: on average, its total value is 3-4 per cent of U.S. GDP. Firms with lower productivity are more likely to be … reallocated to (i.e., bought by) more productive firms. Reallocated establishments experience an increase in productivity. The …
Persistent link: https://www.econbiz.de/10005808290