Basu, Susanto; Fernald, John G. - Federal Reserve Bank of San Francisco - 2009
several key questions in making long-run projections.
First, what will the pace of technical progress be in information …, semiconductors, and, indeed, information, as these
commodities get cheaper and cheaper. By contrast, technology pessimists (such as … ability to manage and manipulate
information might well show up as TFP improvements in computer-using sectors.
17
For …