Guest Contribution: “What are the drivers of TFP growth? An empirical assessment “

Today, we are pleased to present a guest contribution written by Iván Kataryniuk (Banco de España) and Jaime Martínez-Martín (European Central Bank) summarizing their chapter in the book International Macroeconomics in the wake of the Global Financial Crisis edited by L. Ferrara, I. Hernando and D. Marconi. The views expressed here are those solely of the author and do not reflect those of their respective institutions.


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USDA Speaks

From Quarterly Agricultural Export Forecast, released yesterday.

Fiscal year (October/September) 2019 agricultural exports are projected at $141.5 billion, down $1.9 billion from fiscal year 2018 and $3.0 billion from the August 2018 forecast, largely due to decreases in soybeans and cotton. Soybean export volumes are down because of declining Chinese purchases from the United States as a result of trade tensions, and as a record U.S. crop continues to pressure soybean prices lower.

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