The wheel was the first form of transportation developed by early people. Increasing
population, longer distances, and shorter travel times need more cheap, faster modes of …

Drawing on firm-level expectations at a one-year forecast horizon in the Survey of Business
Uncertainty (SBU), we construct novel, forward-looking reallocation measures for jobs and …

We examine conventional approaches to evaluating the economic impact of protectionist
trade policies. We illustrate these conventional approaches by applying them to the tariffs …

We estimated rates of “absolute income mobility”—the fraction of children who earn more
than their parents—by combining data from US Census and Current Population Survey …

Consumers rely on the price changes of goods in their grocery bundles when forming
expectations about aggregate inflation. We use micro data that uniquely match individual …

We study the effects of becoming a supplier to multinational corporations (MNCs) using tax
data tracking firm-to-firm transactions in Costa Rica. Event study estimates reveal that …

We develop and structurally estimate a model of heterogeneous multiproduct firms that can
be used to decompose the firm-size distribution into the contributions of …

Research in international trade has changed dramatically over the last twenty years, as
attention has shifted from countries and industries towards the firms actually engaged in …

This article examines how product innovations led to inflation inequality in the United States
from 2004 to 2015. Using scanner data from the retail sector, I find that annual inflation for …

For exiting products, statistical agencies often impute inflation from surviving products. This
understates growth if creatively-destroyed products improve more than surviving ones. If so …