labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …

support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the … with productivity dynamics. As a result, additional stimulus is required at the ELB and the degree of subsequent …

for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of … through a number of channels, including productivity, employment, competition and prices; (iii) digitalisation raises … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …

support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the … with productivity dynamics. As a result, additional stimulus is required at the ELB and the degree of subsequent …