We use customs data for Irish firms to show that in successful episodes of export market
entry, there are statistically and economically significant post-entry dynamics of quantities …

Sticky price models featuring heterogeneous firms and systematic firm-level productivity
trends deliver radically different predictions for the optimal inflation rate than their popular …

Population growth has declined markedly in almost all major economies since the 1970s.
We argue this trend has important consequences for the process of firm dynamics and …

Over the last 15 years, individual households have concentrated their spending on a few
preferred products. However, this is not driven by “superstar” products capturing larger …

We quantify and explain the firm responses and worker impacts of foreign demand shocks to
domestic production networks. To capture that firms can be indirectly exposed to such …

The last decades have seen large improvements in digital advertising technology that
allowed firms to target better specific consumer tastes. This research studies the relationship …

We provide new evidence that disruptions in firms' access to credit during the Global
Financial Crisis significantly affected product innovation in the consumer goods sector. We …

This paper analyzes the distribution and growth of firm-level employment along two margins:
the extensive margin (the number of establishments in a firm) and the intensive margin (the …

Recent political and academic discussions have shone a spotlight on issues related to high-
skill immigration. This discourse could have far-reaching implications for US policy, the …

This paper analyzes the implications of advertising for firm dynamics and economic growth
through its interaction with R&D. We develop a model of endogenous growth with firm …