John Fernald
Federal Reserve Bank of San Francisco
Economic Research Department
Mailstop 1130
101 Market Street, 11th floor
San Francisco, CA 94105
Tel: 415-974-2135
Fax: 815-642-0515
E-Mail: 
Institutional Affiliation: Federal Reserve Bank of San Francisco
Information about this author at RePEc
NBER Working Papers and Publications
| November 2017 | The Outlook for U.S. Labor-Quality Growth
with Canyon Bosler, Mary C. Daly, Bart Hobijn
in Education, Skills, and Technical Change: Implications for Future U.S. GDP Growth, Charles R. Hulten and Valerie A. Ramey, editors
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| June 2017 | The Disappointing Recovery of Output after 2009
with Robert E. Hall, James H. Stock, Mark W. Watson: w23543
Published: John G. Fernald & Robert E. Hall & James H. Stock & Mark W. Watson, 2017. "The Disappointing Recovery of Output after 2009," Brookings Papers on Economic Activity, vol 2017(1), pages 1-81. citation courtesy of 
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| August 2016 | The Outlook for U.S. Labor-Quality Growth
with Canyon Bosler, Mary C. Daly, Bart Hobijn: w22555
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| July 2015 | Comment on "Trends and Cycles in China's Macroeconomy"
in NBER Macroeconomics Annual 2015, Volume 30, Martin Eichenbaum and Jonathan A. Parker, editors
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| September 2014 | Monetary Policy Effectiveness in China: Evidence from a FAVAR Model
with Mark M. Spiegel, Eric T. Swanson: w20518
Published: Fernald, John G. & Spiegel, Mark M. & Swanson, Eric T., 2014. "Monetary policy effectiveness in China: Evidence from a FAVAR model," Journal of International Money and Finance, Elsevier, vol. 49(PA), pages 83-103. citation courtesy of
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| June 2014 | Productivity and Potential Output Before, During, and After the Great Recession
w20248
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| Productivity and Potential Output before, during, and after the Great Recession
in NBER Macroeconomics Annual 2014, Volume 29, Jonathan A. Parker and Michael Woodford, editors
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| January 2014 | The Future of U.S. Economic Growth
with Charles I. Jones: w19830
Published: John G. Fernald & Charles I. Jones, 2014. "The Future of US Economic Growth," American Economic Review, American Economic Association, vol. 104(5), pages 44-49, May. citation courtesy of
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| June 2010 | Growth Accounting with Misallocation: Or, Doing Less with More in Singapore
with Brent Neiman: w16043
Published: John Fernald & Brent Neiman, 2011. "Growth Accounting with Misallocation: Or, Doing Less with More in Singapore," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(2), pages 29-74, April. citation courtesy of
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| December 2009 | A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output
with J. Christina Wang, Susanto Basu
in Price Index Concepts and Measurement, W. Erwin Diewert, John S. Greenlees and Charles R. Hulten, editors
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| December 2008 | A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output
with J. Christina Wang, Susanto Basu: w14616
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| July 2004 | The Case of the Missing Productivity Growth, or Does Information Technology Explain Why Productivity Accelerated in the United States But Not in the United Kingdom?
with Susanto Basu, Nicholas Oulton, Sylaja Srinivasan
in NBER Macroeconomics Annual 2003, Volume 18, Mark Gertler and Kenneth Rogoff, editors
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| June 2004 | Are Technology Improvements Contractionary?
with Susanto Basu, Miles Kimball: w10592
Published: Susanto Basu & John G. Fernald & Miles S. Kimball, 2006. "Are Technology Improvements Contractionary?," American Economic Review, American Economic Association, vol. 96(5), pages 1418-1448, December. citation courtesy of
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| October 2003 | The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?
with Susanto Basu, Nicholas Oulton, Sylaja Srinivasan: w10010
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| July 2001 | Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?
with Susanto Basu, Matthew D. Shapiro: w8359
Published: Basu, Susanto & Fernald, John G. & Shapiro, Matthew D., 2001. "Productivity growth in the 1990s: technology, utilization, or adjustment?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 55(1), pages 117-165, December. citation courtesy of
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| January 2001 | Why Is Productivity Procyclical? Why Do We Care?
with Susanto Basu
in New Developments in Productivity Analysis, Charles R. Hulten, Edwin R. Dean and Michael J. Harper, editors
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| October 2000 | Why Is Productivity Procyclical? Why Do We Care?
with Susanto Basu: w7940
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| December 1995 | Aggregate Productivity and the Productivity of Aggregates
with Susanto Basu: w5382
Published: Basu, Susanto and John G. Fernald. "Aggregate Productivity And Aggregate Technology," European Economic Review, 2002, v46(6,Jun), 963-991.
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| March 1995 | Are Apparent Productive Spillovers a Figment of Specification Error?
with Susanto Basu: w5073
Published: Journal of Monetary Economics, vol. 36, pp. 165-188, 1995 citation courtesy of
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