We analyze the influence of monetary policy on firms’ extensive margin and productivity. Our empirical evidence for the …

This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between … 1994 and 2016, by focusing on the role of reallocation with respect to both aggregate measures. Firm-level productivity and … aggregate productivity growth of about 34% over the whole period while aggregate markups are found to remain relatively stable …

productivity directly, by reallocating resources towards more productive uses, but also indirectly through the effects of increased …

income tax cut, we find that: (i) labor productivity increases; (ii) entry increases with delay; (iii) exit increases; (iv … with idiosyncratic firm productivity, and entry and exit. Our model features productivity gains due to selection and …

output per worker, pay higher wages and, more generally, have higher total factor productivity. Furthermore, evidence from …