that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by … recovery, survey data suggests that creative destruction (i.e., innovation replacing other firms' products) is expected to gain …

story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn …