Euro area labour productivity growth (annual % changes unless otherwise stated)  Note: Labour productivity is measured as value added over total employment. Source: Eurostat. BIS Review 115/2007  9  Table 2. Contributions to labour productivity growth  Notes: LP growth stands for labour productivity growth per hour worked; TFP stands for total factor productivity. Sources: ECB calculations using EUKLEMS data.
In addition, the Federal Reserve introduced a new temporary repurchase agreement facility for foreign monetary authorities. These actions helped stabilize global U.S. dollar funding markets, and they continue to support the smooth functioning of U.S. Treasury and other financial markets as well as U.S. economic conditions.