Results

CEP discussion paper

The equilibrium impact of credit frictions: evidence from default risk using firm-level data

This paper examines the impact of credit frictions arising from firm-level default risk on aggregate economic performance. We build a micro-to-macro model with heterogeneous firms and sector-specific production functions...Read more...

CEP discussion paper

The broken ladder: AI, remote work, and early-career hiring

Is generative AI replacing junior workers? A growing literature answers yes, citing large declines in early-career hiring concentrated in GenAI-exposed occupations. We argue that this verdict is premature because GenAI e...Read more...

Blog

LSE Business Review:

Automation is not hollowing out British factory jobs

Fears that new technology will wipe out jobs are as old as the factory floor. But new analysis by Aniket Baksy, Daniel Chandler and Peter John Lambert shows that rather than taking jobs away, automation in British factor...Read more...