Spatial Dynamics

Recent empirical evidence has documented the importance of space and time in the adjustment​ processes of economies following economic shocks. Substantial progress has also been made in developing tractable quantitative dynamic spatial frameworks with rich geography, innovation, and forward-looking agents. These frameworks are beginning to be used for the quantitative evaluation of various empirical questions. Topics studied through these frameworks include labor market adjustments to import competition, the dynamic effects of trade and migration policies, the impact of large-scale infrastructure projects, the adjustment of agricultural markets to local and foreign shocks, the local and aggregate consequences of climate change, and more.

To showcase this work, apply it to tackle new questions, and to push the methodological frontier forward, the Cowles Foundation at Yale University will host a research conference in New Haven, Connecticut, on November 14th, 2025.