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Keywords:Productivity 

Working Paper
Firm Entry and Macroeconomic Dynamics: A State-level Analysis

Using an annual panel of US states over the period 1982-2014, we estimate the response of macroeconomic variables to a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years on real GDP, productivity, and population. This result is consistent with simple models of firm dynamics where a ?missing generation? of firms affects productivity persistently.
Finance and Economics Discussion Series , Paper 2016-043

Report
Assessing recent trends in manufacturing

Research Paper , Paper 9409

Journal Article
Living in an 800 MHz economy

EconSouth , Volume 2 , Issue Q4 , Pages 1

Conference Paper
Providing the corporate environment to foster innovation

Proceedings

Working Paper
Did the Great Inflation occur despite policymaker commitment to a Taylor rule?

The authors study the hypothesis that misperceptions of trend productivity growth during the onset of the productivity slowdown in the United States caused much of the great inflation of the 1970s. They use the general equilibrium, sticky price framework of Woodford (2002), augmented with learning using the techniques of Evans and Honkapohja (2001). The authors allow for endogenous investment as well as explicit, exogenous growth in productivity and the labor input. They assume the monetary policymaker is committed to using a Taylor-type policy rule. The authors study how this economy reacts ...
FRB Atlanta Working Paper , Paper 2003-20

Journal Article
Gains in U.S. productivity: stopgap measure or lasting change?

This Economic Letter uses state-level data to contribute to the analyses of the drivers of gains in U.S. labor productivity since 2000--stopgap measures among cautious employers or more lasting changes. While the nation has had a so-called jobless recovery, many states posted net job gains early in the recovery and regained previous peaks in employment levels well ahead of the nation. Comparing states with and without job recoveries, we find no significant difference in productivity growth. The results indicate that differences in demand (output) rather than differences in productivity growth ...
FRBSF Economic Letter

Working Paper
Productivity and potential output before, during, and after the Great Recession

This paper makes four points about the recent dynamics of productivity and potential output. First, after accelerating in the mid-1990s, labor and total-factor productivity growth slowed after the early to mid 2000s. This slowdown preceded the Great Recession. Second, in contrast to some informal commentary, productivity performance during the Great Recession and early in the subsequent recovery was roughly in line with previous experience during deep recessions. In particular, the evidence suggests substantial labor and capital hoarding. During the recovery, measures of factor utilization ...
Working Paper Series , Paper 2012-18

Journal Article
Where's the productivity growth (from the information technology revolution)?

Information technology has advanced rapidly in the last two or three decades, and an equivalent rapid gain in economy-wide productivity has been anticipated. Productivity statistics, however, do not support this expectation. Although productivity growth has risen since the slowdown witnessed in the 1970s, it can hardly be described as phenomenal. Donald S. Allen discusses some of the current explanations for this apparent disparity and suggests that, as the workforce catches up to the technology level and exploits its full potential, productivity growth will increase.
Review , Issue Mar , Pages 15-25

Journal Article
The American economy: producing more with less?

U.S. workers are not only making more stuff, but, thanks to improvements in technology and production, they're doing it faster than anyone believed possible.
The Regional Economist , Issue Jul , Pages 10-11

Speech
Regional economy and manufacturing update

Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Speech , Paper 28

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