The real economy and the crisis: revisiting productivity fundamentals
[broken link removed]
This article notes the lack of real-time feedback on productivity figures and seems to suggest that with these to hand, crises might be better forecast in the future.
Thus - it seems to say - the current crisis may arise not simply from the simplistic reason of the collapse of the sub-prime mortgage market, but because of a complex linkage of reasons associated with productivity in production.
ONQ.
[broken link removed]
This article notes the lack of real-time feedback on productivity figures and seems to suggest that with these to hand, crises might be better forecast in the future.
Thus - it seems to say - the current crisis may arise not simply from the simplistic reason of the collapse of the sub-prime mortgage market, but because of a complex linkage of reasons associated with productivity in production.
ONQ.