ICT Asset Prices: Marshaling Evidence into New Measures

30 Pages Posted: 21 Feb 2017 Last revised: 21 Oct 2017

See all articles by David M. Byrne

David M. Byrne

Board of Governors of the Federal Reserve System

Carol A. Corrado

The Conference Board; Georgetown University - Center for Business and Public Policy

Date Written: 2017-01-15

Abstract

This paper is a companion to our recent paper, "ICT Prices and ICT Services: What do they tell us about Productivity and Technology?" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were presented and analyzed in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016). This paper is a companion to our recent paper, "ICT Services and their Prices: What do they tell us about Productivity and Technology?" It provides the sources and methods used to construct national accounts-style price deflators for the major components of ICT investment--communications equipment, computer equipment, and software--that were analyzed and used in that paper. The ICT equipment measures described herein were also used in Byrne, Fernald, and Reinsdorf (2016).

Keywords: ICT asset prices, Information and communication technology (ICT), Prices, Price measurement

JEL Classification: E01, E31, L63

Suggested Citation

Byrne, David M. and Corrado, Carol A., ICT Asset Prices: Marshaling Evidence into New Measures (2017-01-15). FEDS Working Paper No. 2017-016. Available at SSRN: https://ssrn.com/abstract=2920452 or http://dx.doi.org/10.17016/FEDS.2017.016r1

David M. Byrne (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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Carol A. Corrado

The Conference Board ( email )

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New York, NY 10022
United States
202-340-0252 (Phone)

Georgetown University - Center for Business and Public Policy ( email )

Washington, DC 20057
United States

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