Measurement of productivity in the service sector has always represented a challenge for economists. "Productivity in … Institution is reviewed. The authors have produced a textbook on the different types of measurement error that will force …

inflation to productivity. On these grounds we conclude that for a precise estimation of the relationship under consideration it … growth and inflation to the specification of the estimating model; second, to test the stability of their relationship in the … acceleration of inflation from 1964- 1972 to 1973-1980 reduced total factor productiv-ity growth in a way that was both …

in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … reported by the other twin to control for schooling measurement error. Our estimates suggest a return to schooling for UK … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking …

latter variable. Fortunately, simulation experiments show that the bias actually is fairly small - less than 14% - when … focus is turned to other independent variables than education, the bias may, of course, be very different. In some …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …