Suchergebnisse

We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probability of long-lasting recessions. We propose a theory in ...

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We construct a dynamic general equilibrium model with occupation mobility, human capital accumulation and endogenous assignment of workers to tasks to ...

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We document systematic differences in macroeconomic expectations across U.S. households and rationalize our findings with a theory of information choice. We ...