This thesis examines questions at the intersection of macroeconomics and finance. Chapter 1 studies the persistent effects of a decrease in firms' ability to bo

(Cont.) the release of information until the long-term results of the firm are realized. In equilibrium, when the belief about the aggregate state is high, mana

This dissertation contains three essays in Macroeconomics and Corporate Finance. The first essay deals the implications of inventory investment for news-driven

In the first chapter, I study how big banks' expectations of bailouts and bail-ins affect their individual decisions and the consequences for the aggregate bank