O1 - Economic Development

• Technology Adoption in Input-Output Networks

  Staff Working Paper 2019-51 Xintong Han, Lei Xu

  We study how input-output networks affect the speed of technology adoption. In particular, we model the decision to adopt the programming language Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies it comes with adoption costs.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Firm dynamics, Productivity JEL Code(s): C, C6, C61, L, L2, L23, L8, L86, O, O1, O14, O3, O33

• Changing Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt

  Staff Discussion Paper 2019-12 Stephen S. Poloz

  This paper discusses three long-term forces that are acting on the global economy and their implications for companies and policy-makers.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, International topics, Monetary policy, Monetary policy and uncertainty, Trade integration JEL Code(s): E, E6, E63, F, F0, F02, F1, F15, F5, F53, F6, H, O, O1, O11, O3, O33