Communication costs

If not defined otherwise, the expenditure for the exchange of information in a company or in an industry. The ECB calculates the share of these costs because they allow comparative conclusions to be drawn about productivity trends. Thus, – computers and the Internet reduce communication costs, – enable faster adjustments to changing circumstances, and – promote decentralized forms of organization. The degree of flexibility of an economy is, however, a – decisive factor in determining the success of monetary policy. – See accessibility, empowerment, remote access, ICT-using industries, KLEMS database, productivity, rigidities, structural. – ECB Monthly Bulletin, January 2008, p. 69 ff. (here also references in the notes).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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