Research
My research focuses on firm heterogeneity and its macroeconomic implications. I am interested in the financing decisions of firms, misallocation of factors, taxes, monetary policy, and labor markets.
PUBLICATIONS
6. Inputs delays, Firm Dynamics, and Misallocation in Sub-Saharan Africa. With Idossou Marius Adom.
Review of Economic Dynamics. Forthcoming in Volume 53, July 2024, Pages 147-172.
[PDF] [Link to journal]
5. Corporate Tax Cuts and the Decline of the Manufacturing Labor Share. With Baris Kaymak.
Econometrica. Volume 91, No. 6 (November, 2023). Pages 2371–2408.
[PDF] [Link to journal] [Online Appendix] [Replication codes]
4. Capital Reallocation and Aggregate Productivity. With Russell Cooper.
Quantitative Economics. Volume 14 (2023). Pages 1337-1365.
[PDF] [Link to journal]
3. Slow Debt, Deep Recessions. With Joachim Jungherr.
American Economic Journal: Macroeconomics. Volume 14(1), January 2022. Pages 224-259.
[PDF] [Link to journal] [Online Appendix] [Replication codes]
2. Optimal Debt Maturity and Firm Investment. With Joachim Jungherr.
Review of Economic Dynamics. Volume 42, October 2021, Pages 110-132.
[PDF] [Link to journal] [Replication codes]
1. Loss-Offset Provisions in the Corporate Tax Code and Misallocation of Capital. With Baris Kaymak.
Journal Of Monetary Economic. Volume 105, August 2019. Pages 1-20.
WORKING PAPERS
Corporate Debt Maturity Matters for Monetary Policy. With Joachim Jungherr, Matthias Meier, and Timo Reinelt.
Revise & resubmit at Review of Economic Studies. [PDF]
Tax Heterogeneity and Misallocation. With Baris Kaymak.
The Employment and Productivity Effects of Short-Time Work in Germany. With Russell Cooper and Moritz Meyer.
[updated PDF coming soon] [NBER] [voxeu column]
WORK IN PROGRESS
A Business Cycle Model with Regulated Banks. With Joachim Jungherr.
Start-ups, House Prices, and the Jobless Recovery.