Productivity in the post-pandemic world: old trend or new path?

Deniz Igan, Tom Rosewall and Phurichai Rungcharoenkitkul

No 93, BIS Bulletins from Bank for International Settlements

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?

Pages: 9 pages
Date: 2024-10-03
New Economics Papers: this item is included in nep-eff
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bis.org/publ/bisbull93.pdf Full PDF document (application/pdf)
https://www.bis.org/publ/bisbull93.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:bisblt:93

Access Statistics for this paper

More papers in BIS Bulletins from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler (webmaster@bis.org).