The room for maneuver of monetary policy and the relevance of the zero lower bound of
nominal interest rates are largely determined by the level of and the outlook for the natural …

The Occasional Paper series of the Oesterreichische Nationalbank is designed to
disseminate and to provide a platform for discussion of either work of the staff of the OeNB …

Achieving high productivity growth is a central goal of policymaking in most industrialized
countries. This is attributable to the key role productivity growth plays for variables such as …