explained by the standard general equilibrium theory if consumption demand is treated as the primary source of aggregate …

develop an estimation and simulation procedure to generate historical time series of interest rates. We find that the … predictions of interest rates based on a general equilibrium theory are partially consistent with US data"--Federal Reserve Bank …

"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 …