“...This paper proposes a novel decomposition of aggregate productivity to evaluate the role of allocative efficiency for the cyclical dynamics of aggregate...”

“...Recessions are conventionally considered as times when the least productive firms are driven out of the market. How do credit frictions affect this cleansing...”

“...During the Great Recession, the percentage of US establishments going bankrupt increased from 11.8 per cent to 13.5 per cent. Similar increases in business...”

“...We study how factors that hinder the reallocation of inputs across firms influence aggregate productivity growth. We extend Hopenhayn and Rogerson's (1993)...”

“...This thesis investigates the role of the entry and exit decisions of firms and workers for aggregate fluctuations. I am interested in particular in the...”

“...This paper documents the heterogeneity in labor market volatility across ages and gender in the United States over 1976-2014. We separate fluctuations in hours...”

“...This paper investigates how credit market frictions may alter business cycle dynamics bymodifying the exit behavior of firms. We show that the extensive margin...”