Building on recent advances in the literature on knowledge creation and innovation (notably Carnehl and Schneider (2025 …-enhancing technology capable of interpolating between known points of knowledge. Our framework formalises the trade-off between AI …'s coverage-- its ability to span wider knowledge gaps--and its accuracy, and reveals the surprising result that, beyond producing …

We develop an endogenous growth model with heterogeneous firms facing financial frictions, where misallocation emerges … explicitly as a crucial endogenous state variable and plays a significant role in driving economic growth through the valuation … aggregate growth. In equilibrium, slow-moving misallocation endogenously generates long-run uncertainty about economic growth by …

unemployment, or unbounded AI with sustained endogenous growth and little impact on employment. By calibrating to the U.S. data …

employment data. Quantitatively, the model predicts that relatively faster physical productivity growth in the non …

To fill the knowledge gap that previous studies ignore either housing or internal urban structure and to enable better … fit with important stylized facts, we construct a two-sector optimal growth model of housing where housing is produced by … housing and housing and land prices. The model is then calibrated to fit part of the stylized facts: faster growth of housing …