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 …

. Our theory produces additional predictions that are also confirmed in the data. As such changes are structural rather than …

participation. In contrast, positive productivity shocks lead to a currency depreciation and an expansion in export participation at …