J. Bradford DeLong
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/

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Webpages useful for teachers of intermediate macroeconomics:

recent articles by economists to illustrate arguments and models used in my macroeconomics textbook
recent news articles on macroeconomic events;
analyses of the current and recent economic situation
today's news headlines from moreover.com.

Productivity Growth

2002-04-10

Powerpoint Version

Rapid productivity growth in the second half of the 1990s drove rapid economic expansion.
Rapid productivity growth in the second half of the 1990s allowed for rapid real wage increases without rising inflation--and so for lowered unemployment, as the Federal Reserve did not feel obliged to curb demand and let unemployment rise in order to control inflation.
Productivity growth has continued to be remarkably strong throughout the recent recession.
That productivity growth is strong in recession suggests that it will be very strong during the forthcoming expansion: the outlook for productivity growth and output growth over the medium term looks very bright.

Previous Handouts

2002-04-03: SPRING VACATION
2002-03-27: America's Rebound from Recession
2002-03-20: World Economic Forecasts
2002-03-13: Population Growth (Chapter 5: Growth Facts)
2002-03-06: Capacity Utilization (Chapter 2: Economic Data)
2002-02-27: U.S. Household Incomes (Chapter 2: Economic Data; Chapter 5: Growth Facts)
2002-02-20: Unemployment in the 1990s (Chapter 2: Economic Data)
2002-02-06: U.S. Monetary Policy (Chapter 13: Stabilization Policy)
2002-01-28: GDP in 2000 and 2001 (Chapter 13: Stabilization Policy. Chapter 2: Economic Data)
2002-01-21: The Course of the U.S. Recession (Chapter 13: Stabilization Policy)
2002-01-07: Argentina's Crisis (Chapter 15: Exchange Rate Regimes)
2001-12-10: The U.S. Recession (Chapter 2: Principal Macroeconomic Variables)
2001-12-03: The Overvalued Euro (Chapter 3: Exchange Rates; Chapter 15: Exchange Rate Regimes)
2001-11-26: Net Exports, the Exchange Rate, and an IS-Led Boom (Chapter 11: Balance of Payments; Chapter 15: Exchange Rate Regimes)
2001-11-19: The European Central Bank and Its Monetary Policy (Chapter 13: Stabilization Policy)
2001-11-12: Central Banks Worldwide Cut Interest Rates Again (Chapter 13: Stabilization Policy)
2001-11-05: Effects of the Collapse in Spending on Durables (Chapter 9: Income-Expenditure and the Multiplier.)
2001-10-28: What Kind of Stimulus (Chapter 13: Stabilization Policy. Chapter 9: Income-Expenditure and the Multiplier.)
2001-10-21: Federal Reserve Reaction to the Terror Attack on the World Trade Center (Chapter 13: Stabilization Policy. Chapter 10: The IS Curve.)
2001-10-14: Why a Stimulus Package Might Be Desireable (Chapter 13: Stabilization Policy. Chapter 10: The IS Curve.)

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