Which products are potentially produced together? When demand for a product increases, which firms will supply it? Using multi-product production patterns within and across firms, we recover a continuous cost based distance between firms and unproduced products. Higher product distance implies...

The COVID-19 pandemic catalyzed a surge in remote work. We propose a new macroeconomic model in which firms can employ workers off-site. Cheaper or more efficient remote work increases profitability and incentivizes firm entry. This, in turn, raises labor demand and wages which elevates business...