Have you ever seen birds flying across the sky in shifting, mesmerizing patterns? Or ants using their own bodies to form a ...

We develop a unified approach to studying cost-price dynamics in the cross-section of firms in order to jointly explain the time series of aggregate inflation and the frequency of price changes, both ...

AI is fueling a new, debt-driven investment cycle: Even as hyperscalers start from a position of strong balance sheets, rising capital spending and falling free cash flow signal a shift toward ...

Two TV giants, Samsung and LG, can't stop talking about their fancy new Micro RGB TVs. But are these TVs truly better than OLEDs, and should you splurge now or wait for the prices to go down? We ...

This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI’s effects, working through automation and task complementarities. So ...

The chips that datacenters use to run the latest AI breakthroughs generate much more heat than previous generations of silicon. Anybody whose phone or laptop has overheated knows that electronics ...