Publications

    ​Capital Obsolescence and Agricultural Productivity  [paper][citation]
                           with Elisa Keller                                                                                                                                    
​                              The Quarterly Journal of Economics, February 2021.    
                              [online appendix][replication][erratum][ blog entry: focoeconomico]
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   Aggregate Fluctuations and the Industry Structure of the US Economy [paper]​[citation]
​                         European Economic Review,  October 2020.    
                           [online appendix][replication]
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    Asymmetry, Complementarities and Federal Reserve Forecasts  [paper][citation]
                        with Riccardo DiCecio, Ivana Komunjer, and Michael Owyang 
                         Journal of Money, Credit and Banking, December 2018.
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   Who Quits Next? Firm Growth in Growing Economies  [paper] [citation]
                        with  Emircan Yurdagul    
                        Economic Inquiry, October 2018.
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​Working papers

​     Technical Change and the Demand for Talent,  October 2021 [paper] New!
             In preparation for the July 2022 issue of the
              Journal of Monetary Economics (Carnegie-Rochester-NYU Conference Series on Public Policy).  
             with Elisa Keller

    Mechanizing Agriculture  July 2021 [paper][slides]New!  submitted 
                   with Namrata Kala    
                [blog entry:  econ that matters ]                                                                        
​                                                                                                                                                                                                     ​  
    Economies of Density and Congestion in Capital Rental Markets  April 2021 [paper] new version coming soon! 
​            with Namrata Kala  and Haimeng Zhang.     
             [blog entry:  IGC ]                                                                       
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​    Occupational Exposure to Capital Embodied Technical Change  October 2021 [paper][citation] New version! submitted 
               [slides][online appendix][web with our data]
               with Elisa Keller and David Jaume ​

    Technology and the Task Content of Jobs across the Development Spectrum January 2021[paper][citation] submitted
             [data appendix] version commissioned by STEG [paper]
               with Elisa Keller and Yongs Shin.                  
​  ​
​    Industry Dynamics, Investment and Uncertainty  September 2016 [paper][citation]
​         [online appendix]
​​
      Capital-Embodied Structural Change 
              with Elisa Keller
        What is the role of capital-embodied technical change (CETC) for sectorial labor reallocation, i.e. structural change, and growth? We document differential patterns of workers' exposure to CETC across countries and study its impact for the speed of sectorial labor reallocation.

      Efficiency with Equilibrium Marginal Product Dispersion and Firm Selection ​
 In a variety of economies that display input misallocation and market power, welfare gains of implementing policies that do not target firm characteristics, for example, subsidies to firm entry and exit, are summarized by a single statistic: the change in average revenue product and the number of operating units in the market.
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