Research
Main question. How do firms (re)allocate resources over time and across the cross-section — and what does that imply for macro aggregates such as business dynamism and productivity?
Approach. Micro-to-macro: I bring census-level firm data into models with real and financial frictions.
Working Papers
Firm Dynamics with Intangible Capital ▶
How can firms grow and finance themselves in an increasingly intangible economy?
[Placeholder abstract — a paragraph on the model of firm growth and financing when capital is increasingly intangible, the frictions involved, and the quantitative findings.]
Nonlinear Productivity Dynamics ▶
How harmless is the AR(1) assumption on productivity?
[Placeholder abstract — what we find when productivity processes are allowed to be nonlinear, the distinction between TFPQ and TFPR, and the implications for firm dynamics.]
Dissecting the Decline in Investment Rates: Shocks vs. Responsiveness ▶
Why has investment dynamism declined across countries since the Global Financial Crisis?
[Placeholder abstract — decomposing the decline in investment into the role of shocks versus firms' responsiveness to them, using cross-country firm-level data.]
Policy Work
Through CompNet I contribute to cross-country research and policy notes on firm dynamics, built on the Micro Data Infrastructure (MDI). [Add links as outputs are published.]