How should the government respond to automation? We study this question in a heterogeneous agent model that takes … borrowing is limited. We first show that these frictions result in inefficient automation. Firms fail to internalize that … where the government can tax automation but lacks redistributive tools to fully overcome borrowing frictions. The …

The productivity-enhancing effects of digitalisation have generated increased interest in the promotion of digital … technologies. This report provides different estimations for euro area countries of the impact of digital uptake on productivity at … firm level, showing that the adoption of digital technologies could lead to an increase in firms' productivity in the …

been uneven across industries and the impact on productivity growth in most firms has been modest so far. …

Communication Technologies (ICT) and robots, in 14 European countries between 2010 and 2018. To identify the causal effects of … strategy proposed by Acemoglu and Restrepo (2020). We find that the exposure to ICT and robots increased the shares of young … relatively low ICT-related skills; and for young men in routine manual occupations, who experienced substitutions by robots …

robots. However, controlling for plant size, we find that plant-level productivity has no, if not negative, impact on robot …) Robot use is relatively rare with only 1.55% German plants using robots in 2018. (2) The distribution of robots is highly …

types of capital: traditional physical capital (machines, assembly lines), industrial robots, and AI. Following the … literature, we assume that industrial robots predominantly substitute for low-skill workers, whereas AI mainly helps to perform …

Recent evidence suggests that recessions play a crucial role in promoting automation and the reallocation of productive …, income groups, industries, and regions, the two indices are strongly negatively correlated, suggesting that automation will …