NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data

Julio Garín, Robert Lester, Eric Sims

NBER Working Paper No. 22311
Issued in June 2016

---- Acknowledgments ----

We are grateful to Ruediger Bachmann, Bill Lastrapes, and Ron Mau for helpful comments and suggestions which have improved the paper. The usual disclaimer applies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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