An Assessment of the New Economy

Bristol Economics Discussion Papers from School of Economics, University of Bristol, UK

Abstract: 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.

Keywords: new economy; economic growth; stock market; monetary policy (search for similar items in EconPapers)
JEL-codes: O3 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2002-09
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Citations: View citations in EconPapers (16)

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Related works:
Journal Article: The Assessment: The New Economy (2002)
Working Paper: An Assessment of the New Economy (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:bri:uobdis:02/542

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