(2013), “Is technological progress a thing of the past?”, VoxEU article, 8 September 2013; Brynjolfsson, E. and A. McAfee (2014), “The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies”, W.W. Norton. Rey, H. (2013), “Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence”, Kansas FED, Jackson Hole Conference.
This change reflects our appreciation for the benefits of a strong labor market, particularly for many in low- and moderate-income communities.