Is digitalisation a massive gamechanger which will deliver huge gains in productivity, or is it more of a sideshow with …-level observations to empirically investigate the impact of digitalisation on productivity growth via various previously unexplored … experience significant productivity gains from digitalisation. Digitalisation does not seem to have relatively stronger impacts …

of individual countries; (iv) expected real GDP growth, political cycles and the strength of fiscal rules also contribute … after two years. - Data revisions ; real-time data ; news and noise ; fiscal statistics ; rationality …

consumer durables impacts both the levels and growth rates of the capital stock, productivity and GDP. Our growth accounting … investment although rentals for owner occupied households is imputed into GDP. We argue that households de facto treat the … and productivity change; when expenditure on consumer durables is recorded as capital investment. The capitalization of …

that rather than using the single short-term, low-risk interest rate as in current official statistics, reference rates … area GDP (at current prices) between 0.16 and 0.27 percent. - Bank output ; FISIM ; risk ; loan interest rates ; deposit …

Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through … employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how … digitalisation - the process of diffusion of digital technologies - is affected by institutions and governance. It discusses a number …

Digitalisation may be viewed as a sequence of supply and technology shocks affecting the economy through productivity … digitalisation on economic growth, and how those effects may be impacted by institutions and governance. It discusses a number of …

This paper contributes to understanding consumers' retail payment preferences and digitalisation in personal finances …

-output tables, we examine the role of Global Value Chains (GVCs) for technology diffusion across EU countries. Our empirical results … provide support for a two-stage diffusion process of technology across countries. In the first stage, the most productive … firms in the host economy benefit from their direct exposure to new technology created in parent firms as a result of their …

This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern … Europe, using industry-level data. Four conclusions stand out. First, there is a strong convergence effect in productivity …, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity …

support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …This paper studies monetary policy strategies under endogenous technology dynamics and low r. Endogenous growth … with productivity dynamics. As a result, additional stimulus is required at the ELB and the degree of subsequent …