and data series show that the major drop in output was due to productivity. In addition, the timing of the banking reforms …

finding that labor productivity was procyclical; a framing of this finding as a "puzzle" or anomaly for the basic neoclassical …

). Both the model and data series show that the major drop in output was due to productivity. In addition, the timing of the …

This paper examines the effects of expansionary technology shocks (shocks that increase labor productivity and factor … inputs) as opposed to contractionary technology shocks (shocks that increase labor productivity, but decrease factor inputs … productivity and production inputs. In addition, these shocks trigger different reactions of certain variables, which can help …

is highly disaggregated at the industry level with an input-output network structure. Measured productivity in the model …-specific, uncorrelated across industries. The bulk of the aggregate fluctuations, including those in aggregate measured productivity, are … data. Our second finding is that about half of the decrease in the cyclicality of measured productivity in the U.S. after …