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
Trade and Diffusion of Embodied Technology: An Empirical Analysis (with F. Ibrahim, G. MacKenzie and S. Rachapalli) Working Paper Version
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 Version
Food Policy, Volume 94, July 2020, 101840, pages 1-16
Working Papers
Distorted Technology Adoption
Revise and resubmit at The Economic Journal (2nd round)
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)
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