Productivity or Employment : Is It a Choice? /

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms' production deci...

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Detaylı Bibliyografya
Yazar: De Michelis, Andrea
Diğer Yazarlar: Estevao, Marcello, Wilson, Beth Anne
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2013.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2013/097
Online Erişim:Full text available on IMF