For many years, there has been considerable debate about whether the IT revolution was
paying off in higher productivity. Studies in the 1980s found no connection between IT …

This paper reviews the challenges faced by central banks in recent years in order to
evaluate their policy implications going forward. To highlight the genuine uncertainty …

This paper analyzes the impact of information and communication technologies (ICT) on
economic growth in developing, emerging and developed countries. The main question is …

The book takes a broad view of the subject matter of acroeconomics. A substantial portion of
the book is devoted to economic growth, and separate chapters are devoted to the natural …

Published macroeconomic data traditionally exclude most intangible investment from
measured GDP. This situation is beginning to change, but our estimates suggest that as …

Three prominent economists focus new attention on the essential role of entrepreneurship in
capitalismIn this important book, three prominent economists propose that there are different …

This paper is an introduction to the second Global Entrepreneurship Research Conference.
The conference focused on developing a better understanding of the relationships among …

Carol Corrado is chief of the Industrial Output section in the Division of Research and
Statistics at the Federal Reserve Board and a member of the executive committee of the …

The current crisis is one outcome of the financialisation of contemporary capitalism. It arose
in the USA because of the enormous expansion of mortgage-lending, including to the …

Two of the defining characteristics of the US economy in the late 1990's were faster labor
productivity growth and strong investment in information technology (IT) assets. Why? Is …