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Keywords:Technology 

Periodic Essay
Banking in the clouds

Banks in Asia are looking into the opportunities, and risks, that cloud computing can bring to their industry as they expand domestically and regionally.
Asia Focus , Issue July

Working Paper
Human capital and technology diffusion

This paper generalizes the Nelson-Phelps catch-up model of technology diffusion. We allow for the possibility that the pattern of technology diffusion can be exponential, which would predict that nations would exhibit positive catch-up with the leader nation, or logistic, in which a country with a sufficiently small capital stock may exhibit slower total factor productivity growth than the leader nation. ; We derive a nonlinear specification for total factor productivity growth that nests these two specifications. We estimate this specification for across-section of nations from 1960 through ...
Working Paper Series , Paper 2003-02

Conference Paper
Job reallocation and the business cycle: new facts for an old debate

Conference Series ; [Proceedings] , Volume 42 , Issue Jun , Pages 271-357

Working Paper
The economic effects of technological progress: evidence from the banking industry

This paper examines technological progress and its effects in the banking industry. Banks are intensive users of both IT and financial technologies, and have a wealth of data available that may be helpful for the general understanding of the effects of technological change. The research suggests improvements in costs and lending capacity due to improvements in "back-office" technologies, as well as consumer benefits from improved "front-office" technologies. The research also suggests significant overall productivity increases in terms of improved quality and variety of banking services. ...
Finance and Economics Discussion Series , Paper 2002-50

Journal Article
Growth and government policy: lessons from Hong Kong and Singapore

FRBSF Economic Letter

Working Paper
What happens when the technology growth trend changes?: transition dynamics, capital growth and the \"new economy\"

The rapid increase in U.S. economic growth during the late 1990s inspired speculation that an acceleration in the rate of technological progress had given rise to an increase in potential output growth. This paper considers the transition dynamics associated with such a change using a general equilibrium framework that incorporates stochastic growth trends. The model suggests that transition dynamics associated with a shift in the technological growth trend can have important implications for macroeconomic growth patterns, particularly when technological change is investment-specific. ...
Working Papers , Paper 2001-020

Working Paper
Technology’s edge: the educational benefits of computer-aided instruction

Because a significant portion of U.S. students lacks critical mathematic skills, schools across the country are investing heavily in computerized curriculums as a way to enhance education output, even though there is surprisingly little evidence that they actually improve student achievement. In this paper we present results from a randomized study in three urban school districts of a well- defined use of computers in schools: a popular instructional computer program which is designed to teach pre-algebra and algebra. We assess the impact of the program using statewide tests that cover a ...
Working Paper Series , Paper WP-07-17

Journal Article
All the answers are different

Economic Policy Review , Issue Oct , Pages 61-65

Conference Paper
People are the key to success

Proceedings

Report
U.S. wages in general equilibrium: the effects of prices, technology and factor supplies, 1963-1991

Wage inequality in the United States has increased in the past two decades, and most researchers suspect that the main causes are changes in technology, international competition, and factor supplies. The relative importance of these causes in explaining wage inequality is important for policy making and is controversial, partly because there has been no research which has directly estimated the joint impact of these different causes. In this paper, we view wages as arising out of a competitive general equilibrium where goods prices, technology and factor supplies jointly determine outputs ...
Staff Reports , Paper 64

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