news about future productivity. By contrast, the baseline RBC model produces neither persistent growth rates nor business …

generating the pre-crisis productivity slowdown, while starting from the Great Recession a shock to liquidity demand is …This paper analyses the endogeneity of euro area total factor productivity and its role in business cycle amplification … by estimating a medium-scale DSGE model with endogenous productivity mechanism on euro area data. In this framework …

The study aims at describing productivity growth in the manufacturing sector for a selected panel of five European … countries using firm-level data. The paper explores the empirical regularities of firm productivity distribution across … countries. In particular, we assess the degree of persistence of firm relative productivity and consider its effect on aggregate …

countries and manufacturing industries over the period 2006-2012. In summary, patterns of measured revenue productivity have …-stressed countries (Belgium, Finland, France and Germany). In particular, measured revenue productivity drops for both groups by about 6 … productivity was accompanied by a substantial dip in the proxy we use for TFP in quantity terms, as well as by a strong reduction …

the response of the external finance premium and the overall economy to monetary policy and productivity shocks. It allows …