Job Market Paper · Updated draft coming soon
Research
My research studies how corporate debt contracts, firm heterogeneity, and asset composition shape refinancing, default, investment, and the propagation of aggregate shocks.
Job Market Paper
Working Papers
Working Paper · Draft coming soon
Seniority Structure in the Macroeconomy
Summary
This paper studies how repayment priority shapes investment, default, and aggregate propagation when long-term borrowing can dilute incumbent creditors. We combine debt-rank data with a dynamic model of firms’ financing and investment decisions.
Working Paper · Draft coming soon
Financial Frictions, Intangible Capital, and the Business Cycle
Summary
This paper studies how downturns and tighter credit conditions alter the composition of firm investment through differences in intangible exposure and funding capacity.
Working Paper · Draft coming soon
Business Cycles, Competition, and Stock Returns
Summary
We study how product-market competition shapes firms’ exposure to aggregate risk and the cross-section of stock returns over the business cycle.
Work in Progress
Work in Progress
Monetary Policy Narratives and House Price Expectations
Summary
We study how central-bank communication, media coverage, and social-media narratives shape expectations about housing-market conditions.
Work in Progress
Inside the Non-Compete Agreements Damages in the U.S.
Summary
We study the labor-market and welfare consequences of non-compete agreements using public comments and online discussions.
Earlier Work
61st World Statistics Congress Proceedings · 2017
Twin Deficits: Empirical Investigation for Togo
Policy Paper · 2018