Productivity and the post-1990 U.S. economy

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.

Subjects

Series Statement

• Federal Reserve Bank of Minneapolis, Research Department staff report ;
• 350
• Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;

Links

• http://woodrow.mpls.frb.fed.us/research/sr/sr350.html
• URL