Template-Type: ReDIF-Paper 1.0
Author-Name: Deniz Igan
Author-X-Name-First: Deniz
Author-X-Name-Last: Igan
Author-Name: Tom Rosewall
Author-X-Name-First: Tom
Author-X-Name-Last: Rosewall
Author-Name: Phurichai Rungcharoenkitkul
Author-X-Name-First: Phurichai
Author-X-Name-Last: Rungcharoenkitkul
Title: Productivity in the post-pandemic world: old trend or new path?
Abstract: Productivity growth is a key variable of interest for central banks. It influences inflation and is the most important determinant of long-run growth in real income. Recently, subdued productivity growth in many countries (with the notable exception of the United States) has raised concerns about the underlying drivers across countries. What explains subdued productivity growth? Why is the United States different? Do the recent patterns reflect conjunctural factors that should fade over time or do they indicate structural forces that would prevail in the coming years?
Length: 9 pages
Creation-Date: 2024-10-03
File-URL: https://www.bis.org/publ/bisbull93.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull93.htm
File-Format: text/html
Number: 93
Handle: RePEc:bis:bisblt:93