Trends and Cycles in Labour Productivity in the Major OECD Countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper uses a multivariate generalisation of the Beveridge and Nelson methodology to model trends and cycles of business-sector labour productivity in the major OECD countries. The method implies that the trend is the long-term forecast of productivity, given all available information; the cycle is thus interpreted as the total excess growth...
