Jesús Fernández-Villaverde

Accelerating demographic decline Global fertility rates are falling significantly faster than previous models projected, driven by structural shifts in urbanization and female educational attainment.

Housing as a demographic barrier High real estate costs in productive urban centers act as a direct tax on family formation, necessitating supply-side interventions to combat population stagnation.

AI as a labor hedge Artificial Intelligence and the potential for AGI represent the primary technological hope for sustaining economic growth in the face of a shrinking global workforce.