Search Results

SORT BY: PREVIOUS / NEXT
Author:Steindel, Charles 

Discussion Paper
Low Productivity Growth: The Capital Formation Link

A major economic concern is the ongoing sluggishness in the growth of output per worker hour, generally called labor productivity. In an arithmetic sense, the growth of the economy can be accounted for by the increase in hours worked plus that of labor productivity. With the unemployment rate now at a level widely regarded as near ?full employment,? growth in hours worked is likely to be limited by demographic forces, most importantly the very limited expansion of the working-age population. If productivity growth also remains low, the sustainable pace of increase of real GDP will be limited ...
Liberty Street Economics , Paper 20170626

Report
The shifting term structure of interest rates

Research Paper , Paper 8613

Report
Recent trends in capital formation

Research Paper , Paper 9033

Journal Article
Trends and developments in the economy of Puerto Rico

A two-year-long economic downturn and a persistent income gap with the U.S. mainland contribute to an uncertain outlook for Puerto Rico. Still, the commonwealth possesses a skilled and educated workforce, a favorable business climate, and the benefits of U.S. legal and financial structures - advantages that could encourage the development of new industries and create the potential for sustained growth.
Current Issues in Economics and Finance , Volume 14 , Issue Mar

Report
Industry restructuring measures and productivity: evidence from the 1980s

This paper analyzes the empirical relationship between corporate restructuring and productivity. We estimate neoclassical production functions and factor demand functions to analyze the importance of restructuring in improving resource allocation and productivity. We find, at most, restructuring may have spurred the substitution of capital for labor in some industries, helping to set the stage for increased labor productivity. However, there is little evidence that restructurings, themselves, aided in the improvement of true technological progress.
Research Paper , Paper 9509

Journal Article
Chain-weighting: the new approach to measuring GDP

Recent dramatic changes in the U.S. economy's structure have compelled BEA to revise the way in which it measures real GDP levels and growth. By switching to a chain-weighted method of computing aggregate growth--which relies heavily on current price information--BEA will be able to measure GDP growth more accurately by eliminating upward biases in the incoming data.
Current Issues in Economics and Finance , Volume 1 , Issue Dec

Monograph
Credit supply constraints on business activity, excluding construction

Monograph

Journal Article
The impact of reduced inflation estimates on real output and productivity growth

Despite posting their strongest sustained performance in many years, recent measures of output and productivity growth have still fallen short of their 1960-73 averages. Could data-measurement problems affecting the pricing of some services account for the inability of these widely tracked U.S. growth indexes to match their earlier rates?
Current Issues in Economics and Finance , Volume 5 , Issue Jun

Report
The relative importance of national and regional factors in the New York Metropolitan economy

This paper explores the connections between broad indicators of economic conditions in the New York Metropolitan area and their national counterparts. Our examination provides two different views of the metropolitan economy. First, as is well known, employment growth in the region over the last seven years has been very poor, both in absolute terms and relative to the nation, suggesting a region in decline. On the other hand, the region's income growth has been considerably better, suggesting a region whose goods and services remain in healthy demand. Some methods of analyzing the data ...
Research Paper , Paper 9621

Report
Implications of the financial crisis for potential growth: past, present, and future

The scale of the recent collapse in asset values and the magnitude of the recession suggest that activities connected to the increase in values over the 2002-07 period--notably, expansion of the financial markets, homebuilding, and real estate--were overstated. If this is true, aggregate U.S. economic growth would have been overstated, implying that previous rates of potential gross domestic product (GDP) growth may also have been overstated and that the trajectory of potential GDP may be slower going forward. Slowing growth in the finance, homebuilding, and real estate sectors could hold ...
Staff Reports , Paper 408

FILTER BY year

FILTER BY Content Type

Journal Article 23 items

Report 13 items

Monograph 3 items

Conference Paper 1 items

Discussion Paper 1 items

Working Paper 1 items

show more (1)

FILTER BY Jel Classification

E2 1 items

FILTER BY Keywords

Consumption (Economics) 7 items

Economic indicators 7 items

Capital investments 5 items

Gross domestic product 5 items

Productivity 5 items

Federal Reserve District, 2nd 4 items

show more (57)

PREVIOUS / NEXT