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Conference Paper
Harnessing new technologies for the 21st century
Gillis, Malcolm (2003-09)
Proceedings , Issue Sep , Pages 63-75

Working Paper
IT and beyond: the contribution of heterogeneous capital to productivity
Wilson, Daniel J. (2004)
This paper explores the relationship between capital composition and productivity using a unique and remarkably detailed data set on firm-level investment in the U.S. Using cross-sectional and longitudinal regressions, I find that several capital types, including computers, communications equipment, and software, are associated with current and subsequent years? productivity. The implied marginal products are derived and compared to official data on rental prices; substantial differences exist for a number of key capital types. I also provide evidence of complementaries and substitutabilities ...
Working Paper Series , Paper 2004-13

Conference Paper
The resurgence of growth in the late 1990s: is information technology the story?
Oliner, Stephen D.; Sichel, Daniel E. (2000)
The performance of the U.S. economy over the past several years has been remarkable, including a rebound in labor productivity growth after nearly a quarter century of sluggish gains. To assess the role of information technology in the recent rebound, this paper re-examines the growth contribution of computers and related inputs with the same neoclassical framework that we have used in earlier work. ; Our results indicate that the contribution to productivity growth from the use of information technology - including computer hardware, software, and communication equipment - surged in the ...
Proceedings

Conference Paper
Technology, information production, and market efficiency : general discussion
Fraga, Arminio (2001)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Was Y2K behind the business investment boom and bust?
Kliesen, Kevin L. (2003-01)
During the latter part of the 1990s, U.S. economic growth was boosted by sizable increases in business purchases of information processing equipment and software, otherwise known as high-tech capital goods. Beginning in 2000, though, firms began to curtail these expenditures; by 2001, high-tech and other forms of business investment were falling sharply. Indeed, much of the downturn in the growth of U.S. economic activity can be traced to the sharp decline in investment spending. Several explanations have been offered, from the acceleration in labor productivity?the so-called ?New Economy? ...
Review , Volume 85 , Issue Jan , Pages 31-42

Journal Article
Statement to Congress, May 18, 2000 (the "I Love You" computer virus and the financial services industry)
Malphrus, Stephen R. (2000-07)
Federal Reserve Bulletin , Issue Jul

Working Paper
Explaining a productive decade
Stiroh, Kevin J.; Oliner, Stephen D.; Sichel, Daniel E. (2007)
This paper analyzes the sources of U.S. productivity growth in recent years using both aggregate and industry-level data. We confirm the central role for information technology (IT) in the productivity revival during 1995-2000 and show that IT played a significant, though smaller, role after 2000. Productivity growth after 2000 appears to have been boosted by industry restructuring and cost cutting in response to profit pressures, an unlikely source of future strength. In addition, the incorporation of intangible capital into the growth accounting framework takes some of the luster off the ...
Finance and Economics Discussion Series , Paper 2007-63

Journal Article
'Rational inattention' guides overloaded brains, helps economists understand market behavior
Tutino, Antonella (2011)
Between Internet news sources, social media and email, people are awash in information, most of it accessible at near-zero cost. Yet, humans possess only a finite capacity to process all of it. The average email user, for example, receives dozens of messages per day. The messages can?t all receive equal attention. How carefully does someone read an email from a sibling or friend before crafting a reply? How closely does a person read an email from the boss?> ; Limitations on the ability to process information force people to make choices regarding the subjects to which they pay more or less ...
Economic Letter , Volume 6

Journal Article
All the answers are different
O'Leary, Denis (2000-10)
Economic Policy Review , Issue Oct , Pages 61-65

Report
Productivity growth and the \\"new economy\\"
Browne, Lynn E.; McIntyre, Lee; Minehan, Cathy E. (1999)
Annual Report

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