"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …

.S., such as the productivity slowdown, increased labor force participation by women, and the "new economy" of the 1990s. We ….S. aggregate consumption and investment. Finally, we argue that a model-consistent detrending approach, such as the one we suggest …