Browsing by Subject "United States--Economic conditions"

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Explaining the investment boom of the 1990s

Whelan, Karl ; Tevlin, Stacey (Blackwell on behalf of the Ohio State University Press, 2003-02)

Real equipment investment in the United States boomed in the 1990s, led by soaring investment in computers. We find that traditional aggregate econometric models completely fail to capture the magnitude of this growth—mainly ...
Explaining the investment boom of the 1990s

Whelan, Karl ; Tevlin, Stacey (Federal Reserve, 2000-02-07)

Real equipment investment in the United States has boomed in recent years, led by soaring investment in computers. We find that traditional aggregate econometric models completely fail to capture the magnitude of this ...
A two-sector approach to modeling U.S. NIPA data

Whelan, Karl (Blackwell Publishing on behalf of the Ohio State University, 2003-08)

The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, in which technological progress in the production of durable goods exceeds that in the ...