Price inflation in the US has been slow to pick up in the last two decades. We show that this
missing inflation can be traced to a growing disconnect between unemployment and core …

We develop a frictional labor market model with multiple regions and heterogeneous firms
to study how frictions impeding labor mobility across space affect the joint allocation of labor …

Many studies have documented that the sales concentration of US producers has risen in
recent decades. In this paper, we show that this increase was accompanied by more entry and …

Obesity is a heterogeneous disorder which increases risks for multiple metabolic diseases,
such as type 2 diabetes. The current study aims to characterize and compare visceral and …

We develop a general equilibrium model of frictional labor reallocation across firms and
regions, and use it to quantify the aggregate and distributional effects of spatial frictions that …

US inflation has recently surged, with inflation reaching its highest readings since the early
1980s. We examine the drivers of this rise in inflation, focusing on supply chain disruptions, …

Economists have long suspected that firm-to-firm relationships might lower the responsiveness
of prices to shocks due to the use of fixed-price contracts. Using transaction-level US …

We develop a job-ladder model with labor reallocation across firms and space, which we
design to leverage matched employer-employee data to study differences in wages and labor …

The importance of adequately modeling credit risk has once again been highlighted in the
recent financial crisis. Defaults tend to cluster around times of economic stress due to poor …

Economists have long suspected that firm-to-firm relationships might increase price rigidity
due to the use of explicit or implicit fixed-price contracts. Using transaction-level import data …