Journal Article
Is there evidence of the new economy in U.S. GDP data?
Abstract: This article tests whether the trend growth rate of U.S. GDP changed significantly over the "new economy" period from 1996 to 2003. Based on estimates from widely used methods of trend/cycle decomposition, the author finds that the trend growth rate of GDP was not significantly higher over this period. This suggests that the U.S. was the same old economy in the latter half of the 1990s.
Keywords: Gross domestic product; Economics;
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Economic Perspectives
Publication Date: 2005
Volume: 29
Issue: Q I