We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … than productivity dispersion in recessions. Productivity shocks pass through incompletely to prices and have limited effect … and see" channel. Productivity dispersion does not generate "wait and see" effects, but affects output negatively by …

: computers and electronic products. In most of manufacturing, real GDP growth has been weak or negative and productivity growth … that, when adjusted for product quality improvements, are falling rapidly. Productivity growth in these industries, in turn …

condition where firms pay a real wage that exceeds the market clearing level and varies with productivity; (ii) an open economy …