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Real interest rates, the real price of capital, has been declining for the past decade or so and are expected to remain negative for at least another decade. Why? And what does it even mean? Read the full paper by BRUEGEL Deputy...

The second MICROPROD Policy Dialogue was held virtually on March 18, 2021. This policy dialogue was framed broadly around the first preliminary evidence of how COVID-19 has affected productivity at the firm level, with a focus...

The ‘productivity paradox’ can be summarized by the fact that while European productivity growth is expected to be on the rise, boosted by technological advances, the global integration of firms, the rise of intangible assets,...