Working papers:

• Banks, credit reallocation, and creative destruction 

November 2023, with C.Keuschnigg and M.Kogler

Work in progress:

• Innovation with soft budget constraints

with P.Aghion, A.Bergeaud and M.Dewatripont

• A q-theory of venture capital (DRAFT COMING SOON!)

with C.Keuschnigg and M.Kogler

• Credit reallocation, creative destruction and the secular decline in real interest rates

• The end of bankruptcy as we know it

with S.Hobler