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 …

Over the last four decades, the US economy has experienced a few secular trends: declining
labor share, increasing profit share, widening income and wealth inequalities, rising …

This dissertation comprises three chapters. The first chapter investigates the gradual rise in
the size of firms' production capacity buffers in the United States since the 1960s. The study …

This dissertation consists of four chapters addressing structural issues that will permeate the
macroeconomic landscape for years to come:(1) the rise in markups;(2) the importance of …

We develop an open-economy model of endogenous automation with heterogeneous firms
and labor-market reallocation to quantify the contribution of various trends to the adoption of …