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Asset Valuation, Liquidity Issues, and Growth Regimes. Financial Markets, the New Economy and Growth, 13th Villa Mondragone International Economic Seminar, CEIS University of Rome ‘Tor Vergata’, June 25-26 2001

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  • Jean-Paul Fitoussi

    (OFCE)

  • Jean-Luc Gaffard

Abstract

The `New Economy' proponents pointing to the recent and exceptional performance of the US economy are talking about a new golden age. This new age of the economy would be the result of a combination between the implementation of new information and communication technologies, a neutral monetary policy and a market-oriented finance mechanism (...).

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Paper provided by Sciences Po in its series Sciences Po publications with number info:hdl:2441/5573.

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Date of creation: Jun 2001
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Handle: RePEc:spo:wpmain:info:hdl:2441/5573

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  1. Jean-Paul Fitoussi & David Jestaz & Edmund S Phelps & Gylfi Zoega, 2000. "Roots of the Recent Recoveries: Labor Reforms or Private Sector Forces?," Sciences Po publications info:hdl:2441/5571, Sciences Po.
  2. Christina D. Romer, 1999. "Changes in Business Cycles: Evidence and Explanations," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 23-44, Spring.
  3. Stephen D. Oliner & Daniel E. Sichel, 2000. "The resurgence of growth in the late 1990s: is information technology the story?," Proceedings, Federal Reserve Bank of San Francisco.
  4. Levine, Ross, 1996. "Financial development and economic growth : views and agenda," Policy Research Working Paper Series 1678, The World Bank.
  5. Paul R. Krugman, 1998. "It's Baaack: Japan's Slump and the Return of the Liquidity Trap," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 137-206.
  6. Hicks, John, 1989. "A Market Theory of Money," OUP Catalogue, Oxford University Press, number 9780198287247, September.
  7. Amendola, Mario & Gaffard, Jean-Luc, 1998. "Out of Equilibrium," OUP Catalogue, Oxford University Press, number 9780198293804, September.
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