Mobile phones have been central to ICT innovation since the introduction of the smartphone and constant-quality prices are a barometer of their economic impact. Official consumer price indices (CPIs) indicate that impact differs wildly across countries: For the 2008-2018 period, average annual...

In a recently published working paper, Prices for Communications Equipment: Rewriting the Record, the authors of this note provide new estimates of prices for communications equipment for the period 1963 to 2009. In this note we extend those results through 2014 and comment briefly on the...

Beginning in the 1990s, Federal Reserve Board staff paid increasing attention to electronics manufacturing in order to advance its understanding of technological innovation, of the role of the domestic industrial sector in global value chains, and of the sources of labor productivity growth

Spurred by advances in electronic miniaturization and power efficiency, lightweight, powerful and inexpensive tablet computers entered the mass market in significant volumes in 2010. Since that time, sales of tablet computers have increased to account for over half of personal computer (PC)...

This note considers a puzzle: why has information technology (IT) equipment investment in the National income and Product Accounts (NIPAs) been so weak since 2007 at the same time that financial reports indicate massive increases in capital expenditures by IT service companies?