AI can improve decisions, raise firm productivity, and accelerate human capital growth through its effect on signal quality in problem-solving tasks, but the consequences are heterogeneous across the …
PublishedQuarterly Journal of EconomicsOnline 30 Jan 2026Published Apr 2026
Acemoglu and Restrepo examine the effects of automation in economies where labor market distortions cause some workers to earn rents—wages above their opportunity cost or outside option. The central …
PublishedJournal of Monetary EconomicsOnline 1 Mar 2026Published Mar 2026
Jo and Kim ask two related questions: (1) How do firms use different types of innovation when learning others' technology takes time? (2) How does this process alter the aggregate implications of firm …
PublishedReview of Economic StudiesOnline 19 Jan 2026Published Sep 2026
This paper examines how anticipated changes in patent term affect R&D and innovation, using the U.S. ratification of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement in 1995 …
PublishedReview of Economic StudiesOnline 6 Oct 2025Published Jul 2026
This paper constructs an instrumental variable for technology news shocks using patent applications, relaxing all identifying assumptions traditionally used in the news-shock literature. The IV is the …
Online FirstReview of Economic StudiesOnline 15 Jun 2026
This paper develops a general nonparametric model of discrete choice in which peers influence agents through two distinct channels: (1) the set of alternatives an agent considers (consideration set …
PublishedJournal of Monetary EconomicsOnline 1 Dec 2025Published Dec 2025
Basso and Rachedi investigate how robot adoption influences inflation dynamics — specifically, whether the surge in automation during the 2000s and 2010s can explain the muted sensitivity of inflation …
PublishedClassicThe Review of Economics and StatisticsPublished Aug 1957
Robert Solow's 1957 paper proposes a simple method for separating shifts in the aggregate production function ("technical change," broadly defined) from movements along it caused by capital …
Online FirstReview of Economic StudiesOnline 21 May 2026
This paper estimates the causal effect of technology and knowledge transfers on early industrial development using the Sino-Soviet Alliance of the 1950s as a natural experiment. Between 1950 and 1957, …
PublishedQuarterly Journal of EconomicsOnline 12 May 2026Published Jul 2026
This paper studies how physical proximity to coworkers affects on-the-job training and productivity, using software engineers at a Fortune 500 online retailer observed from 2019 to 2024. The authors …
PublishedClassicJournal of Economic PerspectivesPublished Aug 1989
This 1989 Journal of Economic Perspectives essay by Charles Plosser is a sympathetic introduction to real business cycle (RBC) theory, written as a counterpart to Mankiw's companion critique in the …