Productivity came up on Twitter yesterday, and I put together a quick dynamic information equilibrium model (DIEM) of the utilization-adjusted Total Factor Productivity (TFP) data curated by John Fernald at the FRBSF. First, let me note that I generally think of TFP as
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Ambiguous histories: productivity
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Productivity came up on Twitter yesterday, and I put together a quick dynamic information equilibrium model (DIEM) of the utilization-adjusted Total Factor Productivity (TFP) data curated by John Fernald at the FRBSF. First, let me note that I generally think of TFP as