Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...

Since the industrial revolution, technological innovations have enabled rise in productivity, employment, standard of living and the tota l population several times. In the last 15 years productivity growth ha s slowed-down in the most of large economies, probably due to slo w diffusion of...

The dynamic development of information and communication technology (ICT) reported in recent years has caused significant changes in almost all areas of social and economic life. The digitalization process resulting from this development is now becoming a determinant of both progress and...