We build an endogenous growth model with consumer-generated data as a new key factor for knowledge accumulation. Consumers balance between providing data for profit and potential privacy infringement. Intermediate good producers use data to innovate and contribute to the final good production,...

This paper shows how the rise of private equity has fueled non-bank participation in the U.S. syndicated loan market. Combining administrative data from the Shared National Credit register with buyout deals from Pitchbook, we find that PE-backed loans are associated with lower active bank...

A pandemic or nationalism can dial back global integration as much as advancements in IT and transportation spur it. We study a parsimonious general equilibrium model of occupational choice, risk-taking, and income inequality against backdrop of market (dis)integration and certain services in...