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Keywords:Productivity 

Journal Article
Productivity growth: causes and consequences - conference summary

This Economic Letter summarizes the papers presented at the conference "Productivity Growth: Causes and Consequences" held at the Federal Reserve Bank of San Francisco on November 18-19, 2005, under the sponsorship of the Bank's Center for the Study of Innovation and Productivity.
FRBSF Economic Letter

Conference Paper
Innovation, productivity, and economic policy

Proceedings

Conference Paper
The rise of offshoring: it's not wine for cloth anymore

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Fed governor says productivity fosters growth

Financial Update , Volume 18 , Issue Q 1

Working Paper
The Responses of Wages and Prices to Technology Shocks

This paper reexamines wage and price dynamics in response to permanent shocks to productivity. We estimate a micro-founded dynamic general equilibrium (DGE) model of the U.S. economy with sticky wages and sticky prices using impulse responses to technology and monetary policy shocks. We utilize a flexible specification for wage- and price-setting that allows for the sluggish adjustment of both the levels of these variables as in standard contracting models as well as intrinsic inertia in wage and price inflation. On the price front, we find that in our VAR inflation jumps in response to an ...
Working Paper Series , Paper 2003-21

Journal Article
Measuring and analyzing aggregate fluctuations: the importance of building from microeconomic evidence - commentary

Review , Issue May , Pages 83-86

Conference Paper
Causes of declining growth in industrialized countries

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Unbalanced growth and the U.S. productivity slowdown

An explanation of the slower trend rate of U.S. productivity growth in the past two decades as a natural response to unbalanced growth, whereby resources are shifted from sectors with high productivity growth rates to those with lower rates, such as the rapidly expanding service sector.
Economic Commentary , Issue Jan

Journal Article
Investment-specific technology growth: concepts and recent estimates

The strength of U.S. productivity growth in recent years has been attributed to technological improvements that are, in some sense, embodied in new types of capital equipment. However, traditional growth theory and growth accounting techniques?which emphasize the role of disembodied, neutral technological progress?are deficient in explaining this phenomenon. In this article, Michael R. Pakko outlines a model of investment-specific technological change that has become popular for describing the notion of capital-embodied growth and summarizes some recent estimates of the importance of this ...
Review , Volume 84 , Issue Nov , Pages 37-48

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