So what do the words “new economy” mean? Three articles in this issue of _The Region_ from the Federal Reserve Board of Minneapolis investigate that question, but with an emphasis on economic fundamentals and, ultimately, on the implications for policymaking. The articles are: “Improving our Understanding of Productivity,” “The New
(and Improved) Economy,” and “Old Ideas at Work in the New Economy.”
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excerpt: “from a policymaker’s point of view—especially a monetary policymaker—the new economy can be boiled down to one crucial measure of an economy’s performance: productivity.”