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developments in the digital economy and their possible impacts across the euro area and European Union (EU) economies. It also …: (i) there is significant country heterogeneity across the EU in terms of the adoption of digital technologies, and most … EU countries are falling behind competitors, particularly the United States; (ii) digitalisation is affecting the economy …
Persistent link: https://www.econbiz.de/10012829748
opportunities for enhanced structural policies in EU and euro area countries which can yield substantial gains by boosting long …
Persistent link: https://www.econbiz.de/10012916156
The global financial and economic crisis – including two euro area recessions in 2008-2009 and 2011-2013 – has had a heavy impact on euro area labour markets. A notable feature throughout the crisis has been the considerable degree of cross-country heterogeneity of labour market adjustments...
Persistent link: https://www.econbiz.de/10013030869
This paper reviews potential output from a euro area perspective by summarising the developments according to international institutions and assessing the impact of the crisis. The paper also considers the methodological basis for potential output estimates, and the high degree of uncertainty...
Persistent link: https://www.econbiz.de/10013032604
Chapter 1 provides an overview and assessment of the price competitiveness and export performance of the euro area and the larger euro area countries, as well as an evaluation of how standard equations have been able to explain actual export developments. Chapter 2 carries out a constant market...
Persistent link: https://www.econbiz.de/10012778667
Overall, the paper underlines the difficulties in spelling out the transmission and the final effects of external shocks on the euro area, and highlights the complexity of the various direct and indirect mechanisms. We describe the main channels by which potential spillovers from external...
Persistent link: https://www.econbiz.de/10013318457
Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in the euro area. Employment began to rise again in the first half of 2011, but declined once more at the end of that year and remains at around three million workers below the...
Persistent link: https://www.econbiz.de/10013100053
The distributive trades, consisting of wholesaling and retailing, are a key sector of the economy. As the main interface between producers and consumers, the sector is particularly important from a monetary policy point of view: this is where most consumer goods prices are ultimately set....
Persistent link: https://www.econbiz.de/10013316047