the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent … lagging behind the United States and Japan. Rising digitalisation has rendered price measurement more challenging, owing to …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the …

to productivity and monetary policy shocks. I allow the labor input to change both at the extensive margin and at the … sluggish response of inflation. I find that output and consumption show large and persistent responses to productivity and …

ease financial pressures also reduce necessary restructuring that normally contributes to productivity growth. One reason … why productivity growth has been weaker in the aftermath of the crisis is that aggressive monetary policy actions have … weakened underlying supply-side performance and labor productivity. …