Neoclassical Growth in an Interdependent World

We thank Princeton University, Stanford University and the Becker Friedman Institute at the University of Chicago for research support. For helpful comments, we thank the editor, three anonymous referees, Mark Aguiar, Manuel Amador, Yan Bai, Matteo Maggiori, Juan Pablo Nicolini, Fabrizio Perri, Hélène Rey, Jesse Schreger, Jaume Ventura, Chenzi Xu, Kei-Mu Yi, and seminar and conference participants at Berkeley, the Federal Reserve Banks of Atlanta, Dallas and Philadelphia, Duke-North-Carolina-State University, George Washington University, Hitotsubashi, the International Monetary Fund, LSE, Princeton, Stanford, University of Chicago, UCLA, University of Houston, University of Wisconsin- Madison, the American Economics Association, European Economics Association, Global Economic Networks Conference, the NBER International Trade and Macroeconomics Conference, and the Global Capital Allocation Conference. We thank Renjie Bao, Yuyang Jiang, Flint O’Neil, Nan Xiang and David Xu for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• December 7, 2023
• December 19, 2023
• January 26, 2024