WORKING PAPERS
A Cross-Country Perspective on the Labor Market Responses to Aggregate Shocks (preliminary draft)
with Kevin Donovan, Joseph Pedkte, and Todd Schoellman (June 2023)
Monetary Policy and Firm Dynamics: The Financial Channel [Draft] (Model coming soon!)
with S. Boragan Aruoba, Andrés Fernández, and Felipe Saffie (May 2023)
We combine administrative firm-level data, information from a firm-level credit registry, and a series of monetary policy surprises for Chile to estimate their impact on investment and employment. We document firm level pass-though of monetary policy surprises to loan rates, capital and employment. Their transmission is driven by firms with financial access as firms without a debt stock or those with delinquent debt exhibit muted responses. We develop a heterogeneous-firm model with endogenous financial access that replicates our empirical regularities.
Transport, Infrastructure and Growth: Evidence from Chinese Firms [paper] (Update coming soon!)
(January 2021)
PUBLISHED
Labor Market Dynamics and Development [paper][appendix]
with Kevin Donovan and Todd Schoellman. 2023. Quarterly Journal of Economics, 138(4): 2287 - 2325.
Other: [data website] [World Bank Jobs Blog]
Financial Integration, Savings Gluts, and Asset Price Booms [paper]
with Felix Feng and Caroline Zhu. 2021. B.E. Journal of Theoretical Economics, 21(1): 205-238
Productivity and Liquidity Management Under Costly Financing [paper]
with Felix Feng and Jing Wang. 2020. Journal of Corporate Finance, 68: 101258
WORK IN PROGRESS
Dilemma Vs Trilemma: A firm level analysis
with S. Boragan Aruoba, Andrés Fernández, and Felipe Saffie
Revisiting the Cyclicality of the Markups Distribution: Evidence from Microdata
with Antonio Martner and Mario Giarda
The Impacts of Roads on Structural Transformation and Business Starts (Draft coming soon!)
with Joe Kaboski, Wei Qian, and Lixia Ren
A Cross-Country Perspective on the Labor Market Responses to Aggregate Shocks (preliminary draft)
with Kevin Donovan, Joseph Pedkte, and Todd Schoellman (June 2023)
Monetary Policy and Firm Dynamics: The Financial Channel [Draft] (Model coming soon!)
with S. Boragan Aruoba, Andrés Fernández, and Felipe Saffie (May 2023)
We combine administrative firm-level data, information from a firm-level credit registry, and a series of monetary policy surprises for Chile to estimate their impact on investment and employment. We document firm level pass-though of monetary policy surprises to loan rates, capital and employment. Their transmission is driven by firms with financial access as firms without a debt stock or those with delinquent debt exhibit muted responses. We develop a heterogeneous-firm model with endogenous financial access that replicates our empirical regularities.
Transport, Infrastructure and Growth: Evidence from Chinese Firms [paper] (Update coming soon!)
(January 2021)
PUBLISHED
Labor Market Dynamics and Development [paper][appendix]
with Kevin Donovan and Todd Schoellman. 2023. Quarterly Journal of Economics, 138(4): 2287 - 2325.
Other: [data website] [World Bank Jobs Blog]
Financial Integration, Savings Gluts, and Asset Price Booms [paper]
with Felix Feng and Caroline Zhu. 2021. B.E. Journal of Theoretical Economics, 21(1): 205-238
Productivity and Liquidity Management Under Costly Financing [paper]
with Felix Feng and Jing Wang. 2020. Journal of Corporate Finance, 68: 101258
WORK IN PROGRESS
Dilemma Vs Trilemma: A firm level analysis
with S. Boragan Aruoba, Andrés Fernández, and Felipe Saffie
Revisiting the Cyclicality of the Markups Distribution: Evidence from Microdata
with Antonio Martner and Mario Giarda
The Impacts of Roads on Structural Transformation and Business Starts (Draft coming soon!)
with Joe Kaboski, Wei Qian, and Lixia Ren
