Latest observation: 2013. This, of course, raises the question of why technological diffusion has slowed down. One candidate is the fall in business dynamism as measured by business churn: the rate at which firms exiting the market are replaced by new ones has declined measurably over the last decade (Chart 6).
For those of you here who have children, please make sure they do not miss this opportunity to learn about the euro in an entertaining and enjoyable way. As you walk through this exhibition, you will no doubt recognise the windows and doorways representing the “ages and styles of Europe”.