As promising as AI is for productivity, it is premature to think that efficiency gains will allow for rates to be pushed lower in the near term. … READ MORE >
total factor productivity
Solow Residual: Total factor productivity and the U.S. economy
A recent study by the San Francisco Federal Reserve found that total factor productivity grew by a robust 4.99% on the most recent quarter after adjusting for factors such as labor, capital, utilization and worked hours. … READ MORE >