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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 …
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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...
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