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Journal Article
Quality change in the CPI - commentary
Conference Paper
The 1981-1982 velocity decline: a structural shift in income
Conference Paper
Why did Europe’s productivity catch-up sputter out? a tale of tigers and tortoises
This paper takes a different approach to examining the sharp turnaround in EU relative to U. S. labor productivity growth since 1995. The vast majority of the literature focuses on the American growth revival. But close to half of the turnaround was caused by a European retardation. What caused that retardation? Our paper shows that none of the consensus explanations of the American revival provide any help at all in explaining the European retardation. It is sui generis and therein lies a tale that has not previously been told. ; Europe has faltered across the board. The deceleration of its ...