The Assessment: The New Economy
概述了1990年代美国“新经济”的主要议题，包括生产率增长加速、低失业率下通胀稳定、产出波动减小、货币政策作用及股市繁荣，并探讨了生产率增长能否持续及其对世界其他地区的影响。
The remarkable economic success of the United States in the 1990s led many observers to talk about a ‘New Economy’. This paper provides an overview of the main issues, including faster productivity growth, the stability of inflation despite very low unemployment, the reduction in output volatility, the role of monetary policy, and the boom in the stock market. The paper also considers whether or not the acceleration in productivity growth can be sustained, and the possible implications for the rest of the world.