Productivity and the post-1990 U.S. economy
By: Ellen R. McGrattan and Edward C. Prescott.
Contributors: Prescott, Edward C.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report ;; 350; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;; 350.
Publisher: Federal Reserve Bank of Minneapolis
Published: 2004
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Industrial productivity -- United States.; Capital investments -- United States.; Corporate profits -- United States.
Description: "In this paper, we show that ignoring corporate intangible investments gives a distorted picture of the post-1990 U.S.  economy.  In particular, ignoring intangible investments in the late 1990s leads one to conclude that productivity growth was modest, corporate profits were low, and corporate investment was at moderate levels.  In fact, the late 1990s was a boom period for productivity growth, corporate profits, and corporate investment. --Federal Reserve Bank of Minneapolis web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/16/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.