Finocchiaro and Weil ask whether financial development necessarily promotes long-run economic growth, or whether congestion externalities in R&D markets can offset — and even reverse — the growth …
PublishedJournal of Monetary EconomicsPublished Mar 2026
Wang and Wong develop a continuous-time labor-search model to assess the dynamic effects of generative AI (GenAI) on labor productivity and unemployment. The paper is motivated by conflicting …
Online FirstReview of Economic StudiesOnline 9 Jul 2026
Gaggl, Gorry, and vom Lehn document that services sectors produce a rising share of output in both of the US production networks they study — the input-output network for intermediate inputs and the …