Board of Governors of the Federal Reserve System

GDP moved sideways since 2010 (figure 1a), relative ICT price change has...GDP and the GDP deflator, respectively, and exclude software R&D. ICT-producing

GDP 3.1 2.5 2.0 1.8 1.8 3.0 – 3.2 2.4 – 2.7 1.8 – 2.1 1.6 – 2.0 1.8 – ...GDP) and projections for both measures of inflation are percent changes

Prefatory Note The attached document represents the most complete and accurate version available based on original files from the FOMC Secretariat

Debt Year Household net worth1 Growth of domestic nonfinancial debt2 Total...GDP), national income, saving, and so on ■ Flow of funds, by sector and

GDP, to cause the real exchange rate to appreciate, and to improve labour...GDP, to cause the real exchange rate to appreciate, and to improve labour

debt crisis lasted for years and sent uncertainty shocks through the global...back-to-back periods, will the economic impact of the second shock be

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Recycling

Debt Year Household net worth1 Growth of domestic nonfinancial debt2 Total...GDP), national income, saving, and so on ■ Flow of funds, by sector and

Debt and Capital Flows 1990 1995 2000 2005 15 20 25 30 35 40 45 50 55 ...Debt Yearly Asia Latin America Percent of GDP 1990 1995 2000 2005 0 200

debt and mortgage-backed securities, and other qualifying assets as collateral