My dissertation is comprised of three papers on the causes and consequences of the U.S. Great Recession. The emphasis is on the role that financial frictions pl

This dissertation examines how information and financial frictions impact firms' investment decisions and shape the effectiveness of monetary policy. The first

In these essays, I study cross-country differences in productivity caused by misallocation of resources. Particularly, I examine the misallocation created by fi

Abstracts: This dissertation studies the role of financial frictions and uncertainty on business cycles in the context of a DSGE (Dynamic Stochastic General Equ