Labor productivity (LP) in the United States has gone from being procyclical to acyclical since the mid-1980s. Using … industry-level data, this paper first shows that total factor productivity (TFP), which is LP net of capital deepening, has … reasons for the change in the cyclicality of productivity. By decomposing TFP into technical change and input utilization, it …

variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and … employment to cyclical output growth across a panel of countries. Measured productivity contributes more to the cycle in Europe …

that both high rig rates and reduced drilling productivity will contribute to raising the cost of drilling in boom times …

Die deutsche Konjunktur hat sich deutlich abgekuehlt. Das reale Bruttoinlandsprodukt duerfte im ersten Halbjahr 2001 … Nahrungsmittel. Unsere wahrscheinlichste Prognose ist, dass sich die Konjunktur wieder stabilisiert. Dafuer ist aber notwendig … ausweiten. Aber selbst wenn sich die Konjunktur wieder bessert, wird die Arbeitslosigkeit im Durchschnitt des naechsten Jahres …

This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the … productivity fall between 2008 and 2009, and persisted for smaller (although not larger) firms. …

productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …