prices and total factor productivity (TFP) with the aim of highlighting data patterns that are useful for evaluating business … run movements in total factor productivity, and (ii) such stock prices innovations do not affect US sectoral TFPs …

does not affect productivity in the short run - therefore it looks like a demand shock - but affects productivity in the … demand shocks - which are shocks that have no short- or long-run effects on productivity - and fluctuations driven by … odds with the data. In contrast, we show that the data favours a view of business cycles driven primarily by a shock that …

firms and on average find a negative effect of productivity shocks on hours. Using the reported frequency of price reviews …

tend to invest more in productivity growth during recessions, since the opportunity cost (in terms of forgone profits) of …

construct estimates of a productivity and preference shock both of which are highly persistent, volatile and potentially capable … ‘productivity’ shock may also reflect other supply-side influences. In contrast, we find our ‘preference’ shift is predicted to a … of explaining UK business cycles. We find the productivity term is the dominant explanation of UK output fluctuations …

This Paper introduces Heckscher-Ohlin trade features into a two-country DSGE model, and studies how productivity shocks … international real business cycle literature: (1) transitory shocks to productivity have permanent effects on country …-level aggregate variables; (2) aggregate productivity shocks have relevant effects on the sectoral allocation of production factors …

considerations, whereas the second is governed by marginal profitability considerations. A positive productivity shock in the host … productivity conditions). Empirical literature on the determinants of FDI flows that uses the Tobit procedure aims at a correction …

This paper provides forecasts derived from Bayesian vector autoregressive (BVAR) models for the output growth … performance to information are two issues addressed in the paper. The results suggest significant gains from the use of BVAR …