1. What factors affect output growth? Two factors of interest are inflation and investment [for example, Blomström, Lipsey, and Zejan (1996)]. You might use time series data on a country you find...

1.
What factors affect output growth? Two factors of interest are inflation and investment [for example, Blomström, Lipsey, and Zejan (1996)]. You might use time series data on a country you find interesting. Or you could use a cross section of countries, as in De Long and Summers (1991). Friedman and Kuttner (1992) found evidence that, at least in the 1980s, the spread between the commercial paper rate and the Treasury bill rate affects real output.