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Remarks at Institute of International Bankers Seminar on Risk Management and Regulatory/Examinations Compliance Issues, New York City.
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Remarks at the OpRisk North America Annual Conference, New York City.
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productivity growth in the mid-1990s. This paper traces the evolution of productivity estimates to document how and when this … of the late 1990s that this investment and underlying productivity increases in the IT-producing sectors were identified … that private sector productivity growth will average around 2.5 percent per year for the next decade, a pace that is only …
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This paper considers the problem of information acquisition in an intermediated market, where the specialists have access to superior technology for acquiring information. These informational advantages of specialists relative to households lead to disagreement between the two groups, changing...
Persistent link: https://www.econbiz.de/10010585871
The finance industry has grown. Financial markets have become more liquid. Information technology has improved. But have prices become more informative? Using stock and bond prices to forecast earnings, we find that the information content of market prices has not increased since 1960. The...
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This paper examines the link between information technology (IT) and the U.S. productivity revival in the late 1990s …. Industry-level data show a broad productivity resurgence that reflects both the production and the use of IT. The most IT …-intensive industries experienced significantly larger productivity gains than other industries and a wide variety of econometric tests show …
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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
Persistent link: https://www.econbiz.de/10001751984