Research

Job Market Paper · Updated draft coming soon

Debt Callability and Firm Dynamics

Working Paper · Draft coming soon

Seniority Structure in the Macroeconomy

with Adelphe Ekponon and Hyacinthe Somé

Long-term borrowing can dilute incumbent creditors. We combine Capital IQ debt-rank data with a dynamic model to study whether repayment priority reallocates dilution exposure and changes investment, default, and business-cycle propagation.

Working Paper · Draft coming soon

Financial Frictions, Intangible Capital, and the Business Cycle

I study how real downturns and credit tightening change the composition of firm investment, emphasizing the interaction between intangible exposure and firms’ funding capacity.

Working Paper · Draft coming soon

Business Cycles, Competition, and Stock Returns

with Adelphe Ekponon and Hyacinthe Somé

Studies how product-market competition shapes firms’ exposure to aggregate risk and the cross-section of stock returns over the business cycle.

Monetary Policy Narratives and House Price Expectations

with Firmin Ayivodji

Examines how central-bank communication, media coverage, and social-media narratives shape expectations about housing-market conditions.

Inside the Non-Compete Agreements Damages in the U.S.

with Firmin Ayivodji and Félicien Goudou

Uses public comments and online discussion to study the labor-market and welfare consequences associated with non-compete agreements.