We study how innovation and technology diffusion interact to endogenously determine the shape of the productivity distribution and generate aggregate growth.

We investigate how a combination of limited liability and preexisting debt distort firms’ investment and equity payout decisions.

This online textbook presents a series of lectures on programming, data science, and economics.

This online textbook presents a set of lectures on quantitative economic modeling. The language instruction is Julia.

This paper proposes a model where consumption bundle heterogeneity is derived from a network of connections between consumers and firms. In it, consumers slowly become ‘aware’ of differentiated products, adding connections and expanding their choice sets.

We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already in use by other firms in their home country.