I am an economist in the European department of the International Monetary Fund.
I received my PhD from the University of Toronto in 2020. My research focuses on macroeconomics, innovation, growth, and development.
The views expressed on this website are my own and do not necessarily reflect those of the International Monetary Fund, its Executive Board, or its management.
Contact
stephen.b.ayerst[at]gmail.com
Publications and Accepted Papers
Distorted Technology Adoption - Working paper version with entry
Accepted at The Economic Journal
Trade and Diffusion of Embodied Technology: An Empirical Analysis (with F. Ibrahim, G. MacKenzie and S. Rachapalli) - Working paper
Journal of Monetary Economics, Volume 137, May 2023, pages 128-145
Market Constraints, Misallocation, and Productivity in Vietnam Agriculture (with L. Brandt and D. Restuccia) - Working paper
Food Policy, Volume 94, July 2020, 101840, pages 1-16
Working Papers
The Diffusion of New General Purpose Technologies
Revise and resubmit at JPE: Macro
Innovator Heterogeneity, R&D Misallocation and the Productivity Growth Slowdown
submitted
Distortions, Producer Dynamics, and Aggregate Productivity: A General Equilibrium Analysis (with L. Brandt and D. Restuccia)
Revise and resubmit at AEJ:Macro
The Micro and Macro Productivity of Nations (with D. Nguyen and D. Restuccia)
submitted
Aggregate Productivity and Equity Markets (with B. Robinson)
Draft available upon request
Work in progress
Traded Embodied Technology, Firm Dynamics, and Economic Growth (with F. Ibrahim, G. MacKenzie and S. Rachapalli)
Draft available upon request