@LSEEcon assistant prof, empirical macro
Nice to see this fantastic paper by @ChenLian92 out in print! One of the best explanations for why high liquidity consumers might nevertheless have high marginal propensity to consume.
Yeah! Go Maarten! Fantastic paper.
What a cool paper! A useful reference is the classic Alwyn Young paper finding that TFP growth was not extraordinary during the Asian growth miracles and much of the growth was factor accumulation
