Search Results

Showing results 1 to 10 of approximately 411.

(refine search)

Journal Article
Taylor-type rules and total factor productivity

This paper examines the impact of a persistent shock to the growth rate of total factor productivity in a New Keynesian model in which the central bank does not observe the shock. The authors then investigate the performance of alternative policy rules in such an incomplete information environment. While some rules perform better than others, the authors demonstrate that inflation is more stable after a persistent productivity shock when monetary policy targets the output growth rate (not the output gap) or the price-level path (not the inflation rate). Both the output growth and price-level ...
Review , Volume 94 , Issue Jan , Pages 41-64

Working Paper
Committing to Grow: Privatizations and Firm Dynamics in East Germany

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we highlight three channels through which employment targets impact firms: distorted employment decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and instrumental variable approach, confirms these findings. We estimate a 22% points higher annual employment ...
International Finance Discussion Papers , Paper 1382

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

Working Paper
Productivity shocks, investment, and the real interest rate

I analyze the effects of a favorable shift in expected future productivity on the current level of investment and the real interest rate. In a standard RBC model, an increase in expected future productivity raises the real rate, but decreases the current level of investment for plausible parameter values of the intertemporal elasticity of substitution in consumption. However, it is shown that such a conclusion is unwarranted when nominal rigidities are introduced into the analysis. In contrast with the flexible-price case, the favorable shift in future productivity can lead to an increase in ...
Working Papers , Paper 99-2

Conference Paper
Why has potential growth declined? The case of Germany

Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Drive to improve cash flow yields productivity gains

Fedgazette , Issue Apr , Pages 1-3

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
U.S. production abroad

National Economic Trends , Issue Jun

Journal Article
Sizing up nanoelectronics: gauging the potential for new productivity wave

The Federal Reserve Bank of Dallas, in cooperation with the Semiconductor Industry Association (SIA), hosted a conference on nanoelectronics and the economy in Austin on Dec. 3, 2010. Economists and scientists explored how information technology has affected U.S. productivity and output growth and prospects for the future.
Southwest Economy , Issue Q2 , Pages 16-19

Working Paper
Product innovation and the business cycle

Finance and Economics Discussion Series , Paper 95-46



Working Papers 40 items

Finance and Economics Discussion Series 37 items

Working Paper Series 28 items

FRBSF Economic Letter 27 items

Economic Review 25 items

International Finance Discussion Papers 25 items

show more (49)

FILTER BY Content Type

Working Paper 169 items

Journal Article 168 items

Report 35 items

Conference Paper 17 items

Speech 16 items

Newsletter 3 items

show more (3)


Fernald, John G. 21 items

Basu, Susanto 11 items

Trehan, Bharat 11 items

anonymous 10 items

Williams, John C. 8 items

Hornstein, Andreas 7 items

show more (379)

FILTER BY Jel Classification

D24 12 items

O47 12 items

E22 6 items

E32 6 items

L25 6 items

D22 5 items

show more (46)

FILTER BY Keywords

Productivity 411 items

Technology 48 items

Information technology 25 items

Economic development 22 items

Wages 22 items

Inflation (Finance) 19 items

show more (281)