New York Fed: How Demand Dynamics Shape Market Concentration and Aggregate Productivity
July 23, 2025
July 23, 2025
NEW YORK, July 23 (TNSLrpt) -- The Federal Reserve Bank of New York released a staff report (No 1159) titled 'Market Concentration and Aggregate Productivity: The Role of Demand,' authored by Jeremy Pearce and Liangjie Wu, exploring how firm-level demand persistence and marketing investments influence market concentration and overall productivity. Issued in July 2025, the report offers new insights into the complex relationship between firms' customer capital and their productivit . . .