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An Assessment of the New Economy

  • Jonathan Temple

    ()

The remarkable economic success of the United States in the 1990s led many observers to talk about a "New Economy". This paper provides an overview of the main issues, including faster productivity growth, the stability of inflation despite very low unemployment, the reduction in output volatility, the role of monetary policy, and the boom in the stock market. The paper also considers whether or not the acceleration in productivity growth can be sustained, and the possible implications for the rest of the world.

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File URL: http://www.efm.bris.ac.uk/www/ecjrwt/abstracts/jtnewecon.pdf
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Paper provided by Department of Economics, University of Bristol, UK in its series Bristol Economics Discussion Papers with number 02/542.

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Length: 24 pages
Date of creation: Sep 2002
Date of revision:
Handle: RePEc:bri:uobdis:02/542
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  10. Stiroh, Kevin J, 2002. "Are ICT Spillovers Driving the New Economy?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(1), pages 33-57, March.
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