overdraft facility on productivity. To overcome potential omitted variable bias of OLS estimates, we use information on firms …

driving asset prices to ‘overshoot’ equilibrium when an asset bubble bursts - threatening widespread insolvency and what …

and plays a key role in the productivity resurgence of the 1990s. Driving this finding is 4% annual growth in the quality … recent increase in productivity growth is sustainable. …

The EU-US total factor productivity (TFP) growth gap since the mid-1990's is concentrated in a handful of market …

productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. …This paper studies procyclical productivity growth at the industry level in the U.S. and in three European countries … explain procyclical productivity. However, this correction still leaves one in three U.S. industries with procyclical …

Throughout the post-war era until 1995 labour productivity grew faster in Europe than in the United States. Since 1995 …, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe’s productivity growth … evaluations of alternative policy reforms in Europe should take into account any offsetting effects on employment and productivity …