Another reason for expecting #productivity to rebound: evidence from 1930s. Interesting analysis by @cohensetton of @PIIE http://bit.ly/2Gbe4E1 pic.twitter.com/3mxGlvp6ku
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Not really. More a reflection of interwar volatility
And data quality? TFP measurement is already a bit shaky now, so I imagine 80 years ago...
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