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Board of Governors of the Federal Reserve System (US)
Finance and Economics Discussion Series
ICT Asset Prices : Marshaling Evidence into New Measures
David M. Byrne
Carol Corrado
Abstract

This paper is a companion to our recent paper, "ICT Prices and ICT Services: What do they tell us about Productivity and Technology?" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were presented and analyzed in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016). This paper is a companion to our recent paper, "ICT Services and their Prices: What do they tell us about Productivity and Technology?" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were analyzed and used in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016).


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David M. Byrne & Carol Corrado, ICT Asset Prices : Marshaling Evidence into New Measures, Board of Governors of the Federal Reserve System (US), Finance and Economics Discussion Series 2017-016, 15 Jan 2017, revised 20 Oct 2017.
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Keywords: ICT asset prices; Information and communication technology (ICT); Prices; Price measurement
DOI: 10.17016/FEDS.2017.016r1
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