technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence … overall productivity growth. This implies that there is no reason to believe that potential output growth in the euro area has …

The euro area experienced a slowdown in output and Total Factor Productivity growth in the 1990s compared to the 1980s …

The euro area experienced a slowdown in output and Total Factor Productivity growth in the 1990s compared to the 1980s …

Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …