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Photo(s) of the week: J-24 racing

No matter what day of the week it is, whether its a warm and sunny day or if it’s bitter cold and raining, in the summer and fall, there will be boats out racing on Narragansett Bay. 72 more words


Boyan Jovanovic: Misallocation and Growth

Boyan Jovanovic

This paper models growth via on-the-job learning when firms and workers are heterogeneous.

It is an overlapping generations model in which young agents match with the old. 81 more words