The notion of new economy was coined in the United States when there was increasing evidence that, as a result of the introduction of new technologies, the traditional behavior of macroeconomic variables might have changed. The expansion of the 1990s differed from its predecessors in three...

For many observers the beginning of a dynamic economic and stock market upswing in the U.S. in the mid 1990s marked the start of a new era, the times of the new economy. This phenomenon has been under intense discussion ever since - both in the political arena as well as among scientists....

Is the internet a big deal? -- Why productivity is so important -- Productivity and the internet: what lies ahead? -- Benefits of the Internet that may not show up in the gdp -- Realizing the Internet's potential -- Concluding thoughts