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The Coherence of US Cities

Diversified economies are critical for cities to sustain their growth and development, but they are also costly because diversification often requires expanding a city’s capability base. We analyze how cities […]

Global Networks, Monetary Policy and Trade

We develop a novel framework to study the interaction between monetary policy and trade. Our New Keynesian open economy model incorporates international production networks, sectoral heterogeneity in price rigidities, and […]

How Wyoming’s Exodus of Young Adults Holds Back Economic Diversification

A missing ingredient to Wyoming’s diversification efforts is keeping young people and families in the state. By the time people born in Wyoming reach their thirties, nearly two thirds have left – one of the highest rates in the country. Without access to this workforce, it is exceedingly difficult for the Wyoming economy to diversify.