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** New WP alert ** Slack and Economic Development, with Michael Walker, Nachiket Shah, @tedmiguel, Felix Samy Soliman, Tilman Graff We study the causes and macroeconomic consequences of slack in small firms. drive.google.com/file/d/1heKgka…

The utilization of labor and capital in Kenya is increasing in firm size, market access, and economic activity, from Michael Walker, Nachiket Shah, @tedmiguel, Dennis Egger, @solimanfelix, and Tilman Graff nber.org/papers/w33055

📖New #CEGAWorkingPaper📖 In developing economies, production inputs like labor and capital are often underused — creating slack. Michael Walker, @tedmiguel, + coauthors confirm slack as a mechanism leading to outsized impacts w/ cash transfers: escholarship.org/uc/item/10d4z9…

🆕 Do cash transfers cause inflation? 🇰🇪 Michael Walker Center for Effective Global Action (CEGA), Nachiket Shah UC Berkeley, @tedmiguel Berkeley Economics, Dennis Egger Department of Economics, Oxford, Felix Samy Soliman Economics at Zurich & Tilman Graff Harvard Department of Economics explore the macroeconomic effects of cash transfers: voxdev.org/topic/macroeco…

🆕 How low demand constrains productivity & economic development Michael Walker Center for Effective Global Action (CEGA), Nachiket Shah UC Berkeley, @tedmiguel Berkeley Economics, Dennis Egger Department of Economics, Oxford, Felix Samy Soliman Economics at Zurich & Tilman Graff Harvard Department of Economics explore the role of 'slack': voxdev.org/topic/macroeco…

A study conducted in Kenya🇰🇪shows that cash transfers can boost output without causing inflation when economic slack exists. With Felix Samy Soliman, PhD student at our Department.