Publications & forthcoming

    "​Capital Obsolescence and Agricultural Productivity"  [paper][online appendix][citation]
                           with Elisa Keller                                                                                                                                         blog entry: focoeconomico
​                              The Quarterly Journal of Economics, forthcoming.    
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     "Aggregate Fluctuations and the Industry Structure of the US Economy"  [paper][online appendix]​[citation]
​                         European Economic Review,  October 2020.    
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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

​    "Occupational Exposure to Capital Embodied Technical Change"  June 2020 [paper][online appendix][citation]New!
                           with Elisa Keller and David Jaume 
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​    "Industry Dynamics, Investment and Uncertainty"  September 2016 [paper][online appendix][citation]
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    "Economies of Density in Capital Rental Markets"        Draft coming soon!
​            with Namrata Kala  and Haimeng Zhang. 
     Rental markets for agricultural capital are expanding in the developing world. This project combines the first systematic and detailed transaction database on mechanization rental services with detailed survey data from farming households to study the allocative efficiency of these rental markets.  Two margins are relevant: the distribution of services and demand in space, and endogenous delays in service provision.

     "Leveraging Equipment Rentals Markets for Smallholder Farmers" 
                   with Namrata Kala                                                                                                                                                                                                    blog entry:  IGC 
      A randomized control trial in rural India to identify and quantify key frictions to the development of equipment rental markets, and the potential impact of these markets for farm mechanization,  labor reallocation and productivity.

      "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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