These three global trends - technological change, globalization, and demographic shifts - must be central to our thinking as we prepare our workforce and our economy for the challenges that we face. So, in light of these trends, how do we best develop our labour force to boost our productivity?
The point estimates shown are the maximum/minimum effects over a horizon of 24 months. Estimates obtained from using the high-frequency-based US monetary policy shocks (sum of conventional, Odyssean forward guidance and QE) shocks of Jarocinski (2021) in monthly smooth local projections. Sample period spans 1991 to 2019.