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Measuring robot quality | VOX, CEPR Policy Portal

A large literature explores the implications of the introduction of robots into the workplace for the labour market, yet few studies exist which measure robot quality over time.ย ย This column uses data from the Japan Robot Association and the Bank of Japan to document a significant decline in the improvement in robot quality in Japan in the last decade. The differences in the
United States Japan Robot Association Federal Reserve Corporate Goods Price Index Ideas Getting Harder American Economic Review
Source: voxeu.org

Ageing and the real interest rate in Japan | VOX, CEPR Policy Portal

The Japanese economy has experienced a prolonged slowdown in growth and persistent declines in the real interest rate, while at the same time the countryโ€™s labour force has been rapidly ageing. This column explores a novel causal link between the ageing labour force and the low-frequency declining trend in the real interest rate since the 1970s, and suggests that the ageing of
United States Federal Reserve Bank Institute For Monetary Labour Force Demographic Change Some Implications
Source: voxeu.org

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