We study the quantitative impact of lender control rights on firm investment, asset prices, and the aggregate eco

We examine how strategic buyer behavior affects equilibrium outcomes in a model of dynamic price competition where

A major issue of the increasingly popular robust optimization is the tendency to produce overly conservative solut

Using the positive shift in tone of Fox News coverage of macroeconomic news after the Republican Bush election i

The literature offers two foundations for competitive search equilibrium, a Nash approach and a market-maker approa

Workers in richer countries experience faster rates of wage growth over their lifetimes than workers in poorer co

Export activity shapes workers’ experience-wage profiles Using detailed Brazil-ian manufacturing employer-employe

We structurally estimate an investment-based asset pricing model, where firms’ exposure to macroeconomic risk

We present a rational expectations model of credit-driven crises In our model econ-omy, banks can operate in two

We investigate the effect of search frictions on labor market sorting by constructing a model which is in line