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Monthly Report No. 5/2019

Author

Listed:
  • Alexandra Bykova

    (The Vienna Institute for International Economic Studies, wiiw)

  • Leon Podkaminer

    (The Vienna Institute for International Economic Studies, wiiw)

  • Oliver Reiter

    (The Vienna Institute for International Economic Studies, wiiw)

  • Robert Stehrer

    (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

Suggested Citation

  • Alexandra Bykova & Leon Podkaminer & Oliver Reiter & Robert Stehrer, 2019. "Monthly Report No. 5/2019," wiiw Monthly Reports 2019-05, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:mpaper:mr:2019-05
    as

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    File URL: https://wiiw.ac.at/monthly-report-no-5-2019-dlp-4948.pdf
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    References listed on IDEAS

    as
    1. Buiter, Willem, 2009. "The unfortunate uselessness of most ’state of the art’ academic monetary economics," MPRA Paper 58407, University Library of Munich, Germany, revised 06 Mar 2009.
    2. Leon Podkaminer, 1997. "Downward-Sloping Aggregate Supply Functions, Upward-Sloping Aggregate Demand Functions," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 20(2), pages 301-308, December.
    3. Thomas I. Palley, 2018. "Three globalizations, not two: rethinking the history and economics of trade and globalization," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 15(2), pages 174-192, September.
    4. Thomas I. Palley & Louis-Philippe Rochon & Guillaume Vallet, 2019. "The economics of negative interest rates," Review of Keynesian Economics, Edward Elgar Publishing, vol. 7(2), pages 135-136, April.
    5. Lawrence H Summers, 2014. "U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 49(2), pages 65-73, April.
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    4. Fang, Xichen & Guo, Hongye & Zhang, Da & Chen, Qixin, 2021. "Cost recovery and investment barriers for renewables under market manipulation of thermal collusion," Applied Energy, Elsevier, vol. 285(C).

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