Why Is Productivity Procyclical? Why Do We Care?
Published Date
Copyright 2001
ISBN 9780226360621
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Copy CitationSusanto Basu and John Fernald, New Developments in Productivity Analysis (University of Chicago Press, 2001), chap. 7, https://www.nber.org/books-and-chapters/new-developments-productivity-analysis/why-productivity-procyclical-why-do-we-care.
Published From Paper
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Working Paper
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical...
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