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Series:FRBSF Economic Letter  Bank:Federal Reserve Bank of San Francisco 

Journal Article
Computers and productivity

FRBSF Economic Letter

Journal Article
IT investment: will the glory days ever return?

While the growth in IT investment has picked up during the recovery and expansion, it has not regained the very rapid pace of the glory days of the late 1990s. Will those glory days ever return? In exploring this question, this Economic Letter looks at one of the main drivers behind the earlier strength in IT investment?the falling prices of IT goods, which themselves were brought about by rapid technological advances in the field. The good news is that some evidence suggests that continued advances should help real IT investment achieve rates of growth that exceed the growth in other ...
FRBSF Economic Letter

Journal Article
Who are the unemployed?

FRBSF Economic Letter

Journal Article
A better CPI

FRBSF Economic Letter

Journal Article
Exchange rate movements and the U.S. international balance sheet

Recent research has examined the evolution of the NIIP and has found that current account deficits and the associated net financial inflows are not the only factors influencing it; rather, research finds that changes in asset prices and especially in exchange rates have played an important role recently because of their effect on the values of the stocks of assets and liabilities that make up the NIIP. ; In this Economic Letter, I review this literature, discuss these determinants of the NIIP, and provide some evidence on their relative quantitative importance. In particular, the evidence ...
FRBSF Economic Letter

Journal Article
Do currency unions increase trade? A \\"gravity\\" approach

FRBSF Economic Letter

Journal Article
Dealing with currency speculation in the Asian Pacific Basin

FRBSF Economic Letter

Journal Article
The whys of automobile discounts

FRBSF Economic Letter

Journal Article
The toilers

FRBSF Economic Letter

Journal Article
GATS and banking in the Pacific Basin

FRBSF Economic Letter

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