1. Treiber und Trens: Digitalisierung, Globalisierung, Demografie und Arbeitskräfteangebot der Zukunft, Kultureller Wandel. - 2. Spannungafelder der Arbeitswelt 4.0: ..Digitale Plattformen, Big Data, Indutrie 4.0 und Interaktion von Mensch und Maschine, Flexibilität - Zeit und Ort, jenseits...

We show that the cash-flow exposure of banks to interest rate risk, or income gap, affects the transmission of monetary policy shocks to bank lending and real activity. We first use a large panel of U.S. banks to show that the sensitivity of bank profits to interest rates increases significantly...

The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide additional monetary accommodation in the situation where the neutral rate of interest is most likely negative, there are also unintended consequences for banks’ profitability...

The article analyses recent developments in business investment for a large group of EU countries, using a broad set of analytical tools and data sources. We find that the assessment of whether or not investment is currently low varies across benchmarks and countries. At the euro area level and...