Recently published: “Missing Growth from Creative Destruction”

Published in August 2019 American Economic Review, by San Francisco Fed’s Huiyu Li with coauthors Philippe Aghion, Antonin Bergeaud, Timo Boppart, and Peter J. Klenow. See more research by Huiyu Li.

The Federal Reserve Bank of San Francisco (SF Fed) serves the public by promoting a healthy, sustainable economy, and supporting the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, Portland and Phoenix, the Bank serves the Twelfth Federal Reserve District, which includes one-fifth of the nation’s population and represents the world’s fourth-largest economy. As part of the nation’s central bank, the SF Fed informs monetary policy, regulates banks, administers certain consumer protection laws and acts as a financial partner to the U.S. government.