Monthly Report No. 5/2019

Alexandra Bykova, Leon Podkaminer, Oliver Reiter and Robert Stehrer

No 2019-05, wiiw Monthly Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Chart of the month Automation in manufacturing and construction in the EU by Alexandra Bykova Opinion corner The digital revolution Don’t panic – but stay alert by Robert Stehrer The impact of new technologies on the labour market will be challenging. But this has to be seen in a broader perspective, beyond the sheer number of jobs expected to be destroyed. Robot adoption in the EU-CEE and the rest of the EU by Oliver Reiter Economists debate whether the introduction of robots in the production process has the potential to severely disrupt the labour market by inducing massive lay-offs of workers. This article reviews current research on the potential impact of robots on the labour market as well as presents summary statistics on the adoption of robots in the EU. Negative natural interest rates and secular stagnation Much ado about nothing? by Leon Podkaminer This note is critical of the concept of a natural interest rate and doubts the relevance of claims about the ‘natural’ interest rates becoming negative recently. Monthly and quarterly statistics for Central, East and Southeast Europe

Keywords: robot adoption; hourly wages; digital revolution; labour market; value added growth; natural interest rates; secular stagnation; zero lower bound; DSGE models (search for similar items in EconPapers)
Pages: 45 pages including 29 Figures
Date: 2019-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published as wiiw Monthly Report

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