Category Archives: Allgemein

Titel: "Serial Entrepreneurship in China" Abstract: This paper studies entrepreneurship and the creation of new firms through the lens of serial entrepreneurs, i.e., entrepreneurs who establish more than one firm. Drawing on data on the universe of all firms in China, we document key facts about serial entrepreneurs and how they differ from non-serial entrepreneurs. We develop a theoretical...

Topic: "Non-Linear Productivity and Investment Dynamics" Abstract: The nature of productivity shocks is a central feature of models of heterogeneous-firm dynamics. Using firm-level data from Spain, we show that the observed productivity dynamics differ from those implied by the canonical, linear AR(1) representation with normally-distributed shocks. We document that the productivity process...

Topic: "Labor Market Power, Tax Progressivity and Inequality" Abstract: tba Location: IZA, Schaumburg-Lippe-Str. 9, Conference Room 9...

Topic: "Price Posting and Sticky Prices: A Monetary Macro Mode" Abstract: We introduce price posting and information frictions into a canonical monetary macro model. Despite costless price adjustment, insufficient search incentives prevent market clearing. The model has an interval of steady-state price levels. Under successful inflation-targeting, the equilibrium price level is selected by...

Topic: "Anatomy of Technology in the Firm" Abstract: We collect data on the technologies used across business functions of establishments in Vietnam, Senegal, and Cear ́a (Brazil), and construct technology sophistication mea- sures at the business function level. The variance of technology sophistication across the business functions of an establishment is 2.8 times larger than the cross-fi...

Topic: "Redistribution with Performance Pay" Abstract: Half of the jobs in the U.S. feature pay-for-performance. We derive novel incidence and optimum formulas for the overall rate of tax progressivity and the top tax rates when such labor contracts arise from moral hazard frictions within firms. Optimal taxes account for the fiscal externalities and welfare consequences of two distinct for...

Topic: "Monetary Policy during a Cost-of-Living Crisis" 12:15-13:30, Faculty Room (Juridicum) Abstract: This paper studies the effects of monetary policy during times when sectoral supply shocks raise the cost of living, in particular for low-income households. We present a multi-sector Heterogeneous-Agents New-Keynesian model with a generalized, non-homothetic preferences, giving rise to h...

Topic: “Firm Heterogeneity, Market Power and Macroeconomic Fragility” 12:15-13:30, Juridicum, Faculty Room Abstract We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probabilityof long-lasting recessions. We propose a theory in which the positive interaction between firm entry,competition and factor supply can give rise to multiple steady sta...

Topic: "Strategic Complementarities in a Dynamic Model of Fintech Adoption" 12:15-13:30 via Zoom Abstract This paper develops a dynamic model of technology adoption featuring a network effect, in which the benefitsfor users increase with the number of adopters. We argue that such an effect is an inherent feature of severaltechnologies, such as means of payments. We show that network effects...