assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent … quantity during estimation. Only a limited number of contributions to the literature estimate uncertainty and its macroeconomic … consequences jointly, and most are based on single country models. We analyze the special case of a shock restricted to the Euro …

investment by 24.3 to 48.5% during the COVID-19 crisis, compared to 19% during the Great Financial Crisis (GFC). Using historical … standard demand shock. We then calibrate the demand shock to generate the computed decline in net revenues associated to the … faced by corporates between investment and leverage. It also suggests that, should the estimated gap in net revenues …

true. A closer examination, using microdata from the EU Industrial R&D Investment Scoreboard for the years 2000-2015, shows …

Productivity growth has slowed across most OECD economies since the mid-2000s. While important aspects of New Zealand …’s economic performance have improved over this period, productivity growth is still comparatively low. This continues a long …-run trend of poor productivity in New Zealand, which is the key reason why average incomes are still below the OECD average …

potential candidate countries. The analysis reveals that total factor productivity growth has been the main driver of … negative link between the initial level of GDP and subsequent growth. Labour productivity has improved in most countries, while … labour market mismatches. Investment rates have been rising rapidly in recent years, and foreign direct investment has been …