for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of … through a number of channels, including productivity, employment, competition and prices; (iii) digitalisation raises … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …

for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of … through a number of channels, including productivity, employment, competition and prices; (iii) digitalisation raises … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …

the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …

cutting labor productivity growth in the aggregate. The interaction between weak demand and low productivity leads to … inflation dynamics that resemble the missing disinflation of that period. …

and prices, unemployment and labour productivity. Impulse indicator saturation is used to achieve robust estimation of … productivity trends in the same way as in countries with very different institutions and macroeconomic development. …

This paper reviews recent approaches to modeling the labour market, and assesses their implications for inflation … volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most …

-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too … little real rigidity and, so, too volatile inflation, owing to strong responses of marginal wages and hours per employee … the responses of wages, inflation and employment …