Research Papers
Key Publications
Misallocation, Productivity and Development with Endogenous Production Techniques (with Ping Wang) (Journal of Development Economics, 2024)
Macro-Welfare Effects of Flex-Hour Contracts (with Jose Carreno) (European Economic Review, 2024)
E-Payment Technology and Business Finance: A Randomized Controlled Trial with Mobile Money (with Patricio Dalton, Haki Pamuk, Ravindra Ramrattan, and Daan v. Soest) (Management Science, 2023)
[Featured at IGL]
Preference Heterogeneity and Optimal Monetary Policy (with Hugo van Buggenum) (Journal of Economic Dynamics & Control, 2022)
Curating Local Knowledge: Experimental Evidence from Small Retailers in Indonesia (with Patricio Dalton, Julius Ruschenpohler, and Bilal Zia) (Journal of the European Economic Association, 2021)
[Featured at IGL, Nesta and World Bank Blogs] [Nominated for TiU Impact Award]
Finance and Development: Rethinking the Role of Financial Transparency (Journal of Banking & Finance, 2020)
Leverage, Bank Employee Compensation and Institutions (with Ata Can Bertay) (Journal of Banking & Finance, 2020)
Sovereign Default, Exit and Contagion in a Monetary Union (with Sylvester Eijffinger and Michal Kobielarz) (Journal of International Economics, 2018)
Payment Instruments, Finance and Development (with Thorsten Beck, Haki Pamuk and Ravindra Ramrattan) (Journal of Development Economics, 2018)
Joint-Liability with Endogenously Asymmetric Group Loan Contracts (with Francesco Carli) (Journal of Development Economics, 2017)
Homeownership, Informality and the Transmission of Monetary Policy (with Ceyhun Elgin) (Journal of Banking & Finance, 2014)
Corporate Financial Structure, Misallocation and Total Factor Productivity (Journal of Banking & Finance, 2014)
Public Debt, Sovereign Default Risk and Shadow Economy (with Ceyhun Elgin) (Journal of Financial Stability, 2013)
Other Publications
Heterogeneity in Wage Setting Behaviour in a New Keynesian Model (with Sylvester Eijffinger and Anderson Grajales Olarte) (Macroeconomic Dynamics, 2020)
Unbundling Financial Imperfections: Lending Frictions vs. Trading Frictions (Macroeconomic Dynamics, 2019)
Finance and Demand for Skill: Evidence from Uganda (with Thorsten Beck and Mikael Homanen) (Journal of Development Studies, 2019)
Trade Credit and Access to Finance: Evidence from Ethiopian Retailers (with Thorsten Beck and Mohammad Hoseini) (Journal of African Economies, 2019)
Entrepreneurial Saving Practices and Reinvestment: Theory and Evidence (with Thorsten Beck and Haki Pamuk) (Review of Development Economics, 2017)
Long-Term Investment and Net-Worth Building with Limited Contract Enforcement (Macroeconomic Dynamics, 2016)
Investment Composition and Productivity with Heterogeneous Entrepreneurs (Journal of Macroeconomics, 2013)
Is Informality a Barrier to Financial Development? (with Ceyhun Elgin) (Journal of Spanish Economic Association, 2013)
Working Papers
New WPs
Firms and Unions (with Hazal Sezer) [WP Series Version - March 2024]
Flexible Labor Contracts, Firm-specific Pay, and Wages (with Jose Carreno and Harry Huizinga) [WP Series Version - April 2024]
Misconfidence and Pricing Rigidities (with Sigrid Suetens and Niccolo Zaccaria) [First Draft Coming Soon]
Under Revision or Submitted
Asymmetric Group Loan Contracts: Experimental Evidence (with Francesco Carli, Sigrid Suetens and Philine Visser) (Revise & Resubmit at Journal of Economic Science Association)
Technological Change and the Finance Wage Premium (with Ata Can Bertay, Jose Carreno, Harry Huizinga, and Nate Vellekoop) (Reject & Resubmit at Journal of Financial Intermediation)
E-Money, Risk-Sharing and Welfare (with Francesco Carli) (Revise and Resubmit at European Economic Review)
[NEP-Dynamic General Equilibrium Blog coverage]
Rigid Wages and Flexible Contracts (with Anderson Grajales Olarte and Nathanael Vellekoop)
[ING's periodic report on this topic and our findings from October 2019]
Selected Work-In Progress [Provisional Titles]
Firm Productivity and Flex-Hour Contracts (with Chang-Tai Hsieh and Nate Vellekoop)
Do flex-hour contracts cause financial instability? (with Ata Can Bertay, Jose Carreno, Harry Huizinga, and Nate Vellekoop)
[Project supported by TiU Fund]
Macro Consequences of Food Waste (with Frans Cruijsen, Patricio Dalton and Hugo van Buggenum)
[Project supported by Tilburg Zero Hunger Lab]
A Lab-In-the-Field Experiment on Optimal Group Loan Contracts (with Francesco Carli, Francesco Cecchi, Manuela Fritz, and Robert Lensink
[Project supported by NWO Open-Competition Grant]
Tax Evasion and Payment Methods (with Tulio Bouzas Correa)
Inactive Working Papers
Money, Asset Markets and Efficiency of Capital Formation (with Hugo van Buggenum)