Monthly Report No. 5/2019
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Alexandra Bykova, Leon Podkaminer, Oliver Reiter and Robert Stehrer
wiiw Monthly Report No. 5, May 2019
45 pages including 29 Figures
- 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
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Keywords: robot adoption, hourly wages, digital revolution, labour market, value added growth, natural interest rates, secular stagnation, zero lower bound, DSGE models
Countries covered: EU Eastern Partnership, European Union
Research Areas: Macroeconomic Analysis and Policy, Labour, Migration and Income Distribution