, die sowohl die Trickle-down-Theorie als auch die Theorie des privatisierten Keynesianismus bei diesem Thema entfalten …

aggregate productivity shocks, taste shocks, and, potentially, shocks to monopoly power. We show how the dispersion of … negative short-run response of employment to productivity shocks; (iii) imply that productivity shocks explain only a small …

This paper makes no contribution to an understanding of the secular slowdown in productivity, except to add a new … productivity in isolation. In addition to the phenomenon of short-run "increasing returns to labor" identified in previous studies …, it isolates an often overlooked but consistent tendency for productivity to perform poorly in the last stages of a …