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The productivity slowdown and its policy implications

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Author Info
Palle S. Andersen
Abstract

This paper analyses the recent productivity slowdown, attempting to distinguish permanent from cyclical changes. It then considers the implications for anti-inflationary policies, discussing the short-run effects of more restrictive policies as well as the prospects for reducing inflation in the medium term.

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Paper provided by Bank for International Settlements in its series BIS Working Papers with number 8.

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Length: 44 pages
Date of creation: Mar 1983
Date of revision:
Handle: RePEc:bis:biswps:8

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  1. John A. Tatom, 1979. "Energy prices and capital formation: 1972-1977," Review, Federal Reserve Bank of St. Louis, issue May, pages 2-11. [Downloadable!]
  2. Michael R. Darby, 1982. "The U.S. Productivity Slowdown: A Case of Statistical Myopia," UCLA Economics Working Papers 266, UCLA Department of Economics. [Downloadable!]
    Other versions:
  3. John A. Tatom, 1981. "Energy prices and short-run economic performance," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 3-17. [Downloadable!]
  4. John A. Tatom, 1979. "The productivity problem," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 3-16. [Downloadable!]
  5. Peter K. Clark, 1979. "Issues in the Analysis of Capital Formation and Productivity Growth," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(1979-2), pages 423-446. [Downloadable!]
  6. Arthur M. Okun, 1973. "Upward Mobility in a High-Pressure Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(1973-1), pages 207-262. [Downloadable!]
  7. Robert H. Rasche & John A. Tatom, 1977. "Energy resources and potential GNP," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 10-24. [Downloadable!]
  8. Robert H. Rasche & John A. Tatom, 1977. "The effects of the new energy regime on economic capacity, production, and prices," Review, Federal Reserve Bank of St. Louis, issue May, pages 2-12. [Downloadable!]
  9. Clark, Peter K, 1978. "Capital Formation and the Recent Productivity Slowdown," Journal of Finance, American Finance Association, vol. 33(3), pages 965-75, June. [Downloadable!] (restricted)
  10. Giersch, Herbert & Wolter, Frank, 1983. "Towards an Explanation of the Productivity Slowdown: An Acceleration-Deceleration Hypothesis," Economic Journal, Royal Economic Society, vol. 93(369), pages 35-55, March. [Downloadable!] (restricted)
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This page was last updated on 2009-11-20.


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