New WP with @carolcorrado: "Accounting for Innovations in Consumer Digital Services: IT still matters"
We estimate capturing consumer IT properly moderates the post-2007 GDP growth slowdown by nearly 0.3 percentage point per year.
https://www.federalreserve.gov/econres/feds/files/2019049pap.pdf …
9:14 AM - 26 Jun 2019
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