Research

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Title
Author(s)
Year
Benjamin Moll
2010
American Economic Association Recent papers argue that the misallocation of resources can explain large cross-country TFP differences. This argument is underpinned by empirical evidence documenting substantial dispersion in the marginal products of ...
Esteban Rossi-Hansberg
2009
Economists generally agree that an important feature of any modern macroeconomic theory is an explicit aggregation of the microeconomic behavior of all agents in the economy. In the last century, the profession has gone from the formulation of some ...