The digital economy and the euro area
Ieva Rubene and
Economic Bulletin Articles, 2021, vol. 8
Digitalisation – the diffusion of digital technologies, leading to a digital economy is “virtually everywhere”. It transforms economies, making it an important issue from a central banking perspective. Some of the key effects of digitalisation relevant to monetary policy relate to output and productivity, labour markets, wages and prices. This article summarises and updates the evidence on the euro area and the EU digital economy. This article also takes a closer look at the impact of the coronavirus (COVID-19) pandemic on the digital economy, both in the short term and beyond. JEL Classification: E22, E24, E31, E32, O33, O52
Keywords: covid19; digital technology; inflation; labour market; prices; productivity; technology shocks/adoption/diffusion (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbart:2021:0008:3
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