Productivity. The ratio of factor input to output determined according to certain rules of data collection and attribution. – See efficiency, ICT-using sectors, KLEMS database, low interest rate policy, personnel cost ratio, productivity measurement, unit value ratio, competitiveness. – Cf. ECB Monthly Bulletin of January 2008, pp. 67 ff. (productivity developments and monetary policy

very detailed presentation, comparisons euro area to U.S.; worrying slowdown in productivity growth [slowdown in productivity growth] in the euro area; many overviews), ECB Monthly Bulletin of July 2010, pp. 34 f. (productivity developments in the euro area since 2008), ECB Monthly Bulletin of July 2011, pp. 55 et seq. (productivity development in the euro area since 2001; overviews; interdependencies), ECB Monthly Report of December 2011, p. 95 et seq. (development since 2005 compared with the U.S., broken down by sector; conclusions for economic policy), ECB Monthly Report of November 2013, p. 93 et seq. (productivity growth in the EMU and the U.S. since 2000; overviews).

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