The 'New Economy': Myths and Realities

15 Pages Posted: 26 Jul 2005

See all articles by Sushil Wadhwani

Sushil Wadhwani

Bank of England - Monetary Policy Committee


In this speech, Sushil B Wadhwani, argues that the 'new economy' has changed some of the underlying relationships that we rely on for purposes of monetary policy, and also has important implications for the appropriate measurement of the capital stock and GDP. However, some of the other claims that have been made for the 'new economy' are shown to be too extravagant.

Suggested Citation

Wadhwani, Sushil, The 'New Economy': Myths and Realities. Bank of England Quarterly Bulletin, Summer 2001. Available at SSRN:

Sushil Wadhwani (Contact Author)

Bank of England - Monetary Policy Committee ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom
+44 20 7601 3235 (Phone)

Register to save articles to
your library


Paper statistics

Abstract Views
PlumX Metrics