We find that technology adoption greatly amplifies the multipliers' magnitudes, and it changes the ranking of priority sectors for industrial policy.

This paper evaluates the welfare effects of unemployment insurance in general equilibrium using a life-cycle model.

Many countries have industrialized and grown rapidly by adopting modern technologies. Why don't poor countries adopt more productive technologies? Is there a role for policies that coordinate technology adoption?

In this paper, we aim to provide insights into two main questions: First, which firms set up plants in which locations? Second, what determine the scale and location of production? Answering these questions requires us to think about plants and firms as distinct, albeit related, economic entities.

This paper studies equilibrium pricing in a product market for an indivisible good where buyers search for sellers.

Prior to deregulation, banks were essentially confined to the borders of their home states.

Policies aimed at helping specific sectors better adopt new technologies might see better returns when targeting sectors that affect a wide range of others.

Top firms entering markets don't appear to drive away local businesses.

Firm productivity plays a role in how many customers a firm loses after a price increase.

Many students use two-year colleges to determine whether they should go on to a four-year college.

In the OTC market for credit default swaps, some investors are more central within the trading network than others.

Firms with high productivity place more establishments in dense locations and fewer establishments in low density locations.

A new theory of economic development integrates two existing paradigms to show that reducing distortions in "big push" regions could unleash massive growth.

Policymakers, national pundits, and researchers often point to the importance of small firms in job creation. Did small firms play a special role in the recovery of aggregate employment during the COVID-19 pandemic?

Do the timing and length of lockdowns explain state-level differences in unemployment?

Part 4: Financial Distress and the Second Wave of COVID-19 Infections

National markets in many U.S. industries seem to be increasingly dominated by large companies. Some policymakers have argued that this growing market concentration is a sign of weakening competition, but concentration by itself does not necessarily translate into market power.