The figure is a line chart titled “Economy-Wide Investment Gap.” The graph plots both the change in the aggregate investment gap and the investment gap residual, after controlling for intangible share, relative to 1987. The y-axis ranges from -12 to 2 percent, and the x-axis covers 1987 to 2015. The indexed aggregate investment gap series varied between -10 and zero percent over this period; the gap was 8.6 percent lower in 2015 than it was in 1987. The indexed residual series varied between -4 and 2 percent; the investment gap residual was 2.8 percent lower in 2015 than it was in 1987. Note: The shaded region covers -2 to +2 standard errors around the investment gap. Source: Crouzet N, Eberly J. NBER Working Paper 25869