, we extend the concept of supply shocks beyond the productivity shock towards labor supply shocks. Our analysis …

Modern economic theories explain differences in productivity and economic growth across countries by differences in … of these theories in explaining the gap in productivity between any two countries depends on the countries in the sample … developed and developing countries, but are too small to explain the productivity gaps between developed countries. We test this …

resourcerich economies - the model reveals that productivity shifts and commodity market trends significantly influence domestic …

This paper analyses the impact of productivity developments in the United States and the euro area on the euro …-dollar exchange rate. The paper presents a new measure of relative average labour productivity (ALP), which does not suffer from the … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the …

for financing R&D. We decompose the effects of RER changes on productivity growth into these channels and explain regional …

-constraints and the profitability of engaging in innovation (R&D). We decompose the effects of RER changes on productivity growth …