| Publisher | Federal Reserve Bank of St. Louis | ||
|---|---|---|---|
| Format | 404.3KB PDF, requires Acrobat Rdr 5 | Date added | 01 Sep 1999 |
| Topics | Economic Modeling | ||
| Downloads | 9 | ||
The performance of the U.S. economy during the 1990s has been universally hailed as stellar. Economic growth has been strong, unemployment has reached its lowest rate in over a generation, and inflation has remained relatively low. Consumer confidence has been high, helping to maintain strong growth in consumption expenditures, and investment spending has experienced a sustained growth rate that is unparalleled during the second half of the twentieth century. Many have gone so far as to declare that current conditions and prospects for the future represent a "new economy" or "new paradigm" in which these favorable trends might continue indefinitely.
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