• Print
  • Email

Chicago Fed Letter, No. 177a, May 2002
Is There Still an Investment Overhang, and if So, Should We Worry about It? (Special Issue)

Does an overhang in capital equipment still exist? If so, will investment spending
continue to decline? This article finds that an overhang may still exist for some
subsectors of investment, such as telecommunications equipment. This will lead
to below-trend growth in the near future. However, the authors forecast a capital
underhang by the end of 2002, which implies strong investment growth by 2003.

Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2023. All rights reserved.

Please review our Privacy Policy | Legal Notices