1. Session III: Developments in the Post-Crisis Era
6 questions for panellists:
1) What are the most significant reasons for productivity slowdown in Europe after the financial crisis?
2) Are these reasons different from those observed before the crisis? Are there any commonalities between pre-crisis and post-crisis period?
3) What is the size of productivity slowdown? Compare post-crisis performance with pre-crisis performance and with long run trend respectively.
4) How important is the productivity mismeasurement? What are the main forms of measurement errors? Have the measurement errors been stable over time?
5) Are there any discernible (noticeable) patterns in productivity slowdown in terms of regions and/or stage of development (advanced countries, emerging markets, low-income economies)?
6) What are the main implications of low productivity growth for monetary policy of central banks (inflation targets, monetary conditions, etc.)?