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adjusted for changes adjusted TFP growth Adjusted total factor adjustment cost correction administrative data aggregate average Basu boom business cycle capital accumulation capital services cent central bank changes in quality coefficient cyclical factors dataset economic growth economic performance employment evidence factor utilisation Fernald forecast GDP gap gross output growth gamble growth in technology growth rate Hence hours per worker income industry industry-level information technology instrumental variables investment rate labour productivity labour quality marginal adjustment cost market sector measured productivity monetary policy Moreover NAIRU pace paper percentage point Phillips curve potential output price level commitment price level gap productivity growth productivity measurement public policy quasi-fixed rate of growth rate of technological real business cycle recent recession Reserve Bank returns to scale Shapiro Solow residual Statistics New Zealand substantial targeted price level technological change technological progress total factor productivity uncertainty United utilisation and adjustment Utilisation correction Zealand data Zealand's performance