markets eased both financial and information frictions. Tariff-hit firms with specialized banks borrowed at lower rates and …

communication frictions, cognitive barriers, and the value of information, we identify key drivers of information flow. Spillovers … importance of incorporating realistic communication frictions into models of household decision-making. …

on economic theory alongside evidence from Great Britain and continental Europe, we show that coordination frictions … with mismatched standards and regulatory silos. These frictions exist both vertically (across system layers) and … this stage of energy transition reducing systemic coordination frictions is likely to yield larger system benefits than …

urban economics literature on moving centres of economic gravity, spatial frictions, and redistribution of growth. Second …