characterized by changes in long-term productivity growth. The Great Inflation of the 1970s was accompanied by trend productivity … slowdown while the New Economy of the 1990s was characterized by trend productivity pickup, which was driven by innovations in … policy debates as to the role of monetary policy in limiting or accentuating the effects of productivity growth. …

, wealth extracted from house price appreciation and explosive debt. This is in stark contrast with the productivity …

the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …