cutting labor productivity growth in the aggregate. The interaction between weak demand and low productivity leads to … inflation dynamics that resemble the missing disinflation of that period. …

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 …

measurement of labor input as well as determining the effect of productivity shocks on labor, but a number of questions remain. As … for measurement, the issue of schooling needs further work. As for calculating the long-run impact of labor productivity …-term identification delivers more reasonable results. -- technological progress ; business cycles ; hours worked ; labor productivity …

measurement of labor input as well as determining the effect of productivity shocks on labor, but a number of questions remain. As … for measurement, the issue of schooling needs further work. As for calculating the long-run impact of labor productivity …

rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper … inestigates the sources of productivity fluctuations that are commonly interpreted s technology shocks. I estimate different types … correlation of productivity with unemployment and job finding that is conditional on both technology and nontechnology shocks. …

result is that the model is able to generate persistent responses in output, inflation, and total labor input to both neutral …