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The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate will remain high. In this paper, we propose a methodology for estimating trend growth that draws on growth theory to identify variables other than productivity - namely consumption...
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We investigate how college students form and update their beliefs about future earnings using a unique “information” experiment. We provide college students true information about the population distribution of earnings and observe how this information causes respondents to update their...
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
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Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
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Remarks at the Quarterly Regional Economic Press Briefing, New York City.
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Remarks at Forecasters Club of New York, New York City.>
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