Working Papers

1. Firm Heterogeneity and Adverse Selection in External Finance: Micro Evidence and Macro Implications
   with Pablo Ottonello, Thomas Winberry, and Toni Whited
   Revise & Resubmit at Review of Economic Studies

2. The (Mis)Allocation of Corporate News
   with Alistair Macaulay, and Wenting Song
   Revise & Resubmit at Review of Economics and Statistics

3. Third‑Country Effects of U.S. Immigration Policy
   with Agostina Brinatti

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Publications

1. Reassessing the Relevance of Financial Shocks in an Estimated Heterogeneous Firm Model
   American Economic Journal: Macroeconomics (2024)

2. The Contribution of Firm Profits to the Recent Rise in Inflation
   with Panagiotis Bouras, Christian Bustamante, and Jacob Short
   Economics Letters (2023)

3. Monetary Policy and Redistribution in Open Economies
   with Pablo Ottonello and Diego Perez
   Journal of Political Economy: Macroeconomics (2023)

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Work in Progress

1. Ex-post Founder Heterogeneity and Ex-ante Firm Heterogeneity
   with Christian Bustamante, Thomas Pugh, and Wenting Song