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FOMC Learning and Productivity Growth (1985-2003): A Reading of the Record

Resource Type
Dataset : survey data
  • Anderson, Richard G. (Federal Reserve Bank of St. Louis)
  • Kliesen, Kevin L. (Federal Reserve Bank of St. Louis)
Other Title
  • Version 1 (Subtitle)
Publication Date
Free Keywords
Federal Open Market Committee; production levels; productivity
  • Abstract

    The increasingly rapid productivity growth that began in the 1990s was the defining economic event of the decade and a major topic of debate among Federal Reserve policymakers. A key aspect of the debate was the contrast between information contained in aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence, which hinted at the productivity acceleration. The authors revisit this debate from the actual FOMC transcripts. Their study illustrates the process by which policymakers filter incoming data to identify changes in underlying fundamental trends.
  • Table of Contents


    • DS1: Dataset
Temporal Coverage
  • 1977 / 2002
    Time period: 1977--2002
Geographic Coverage
  • United States
Collection Mode
  • The data are distributed as a Microsoft Excel file, which provides data, tables, and figures used in the publication.

    These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

This study is freely available to the general public via web download.
Alternative Identifiers
  • 34709 (Type: ICPSR Study Number)
  • Anderson, Richard G., Kliesen, Kevin L.. FOMC learning and Productivity Growth (1985-2003): A reading of the record. Federal Reserve Bank of St. Louis Review.92, (2), 129-153.2010.
    • ID: (URL)

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-16

Anderson, Richard G.; Kliesen, Kevin L. (2013): FOMC Learning and Productivity Growth (1985-2003): A Reading of the Record. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.