In the age of generative artificial intelligence, human creativity matters more than ever. Indeed, most people in business agree that unlocking creativity is critical to economic growth and valuable ...
Companies often undertake investments or make decisions that slowly erode their original unique strategy or dilute the sharp boundaries that gave the firm its original clear identity. This happens ...
We document a sizeable increase in the frequency of price adjustments following the large energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the pre-shock data, to interpret ...