We estimate the dynamic causal effects of consumer sentiment shocks in the US. We identify
autonomous changes in survey evidence on consumer confidence using fatalities in mass …

What do patents tell us about the economic effects of future technological improvements?
We identify aggregate and industry-level patent-based news shocks by exploiting changes …

This paper investigates the international effects of US trade protection. Using micro-level
data on anti-dumping, countervailing duties, and safeguards, I develop a new measure of …

We estimate the causal impact of government-funded R&D on business-sector productivity
growth. Identification is based on a novel narrative classification of all significant postwar …

The paper presents new empirical evidence on the international effects of surprise and
anticipated technology shocks in the US. We employ the proxy-instrumental variable …

We uncover technological standardization as a microeconomic mechanism which is vital for
the implementation of new technologies, in particular general purpose technologies. The …

Upon arrival of macroeconomic news, agents update their beliefs about the long-run
fundamentals of the economy. I show that signals about agents' expectations, proxied by …

Current and expected unemployment rates contain information that is highly useful to
estimate the effect of news about TFP and to allow a general equilibrium rational …

I provide new empirical evidence against long-run monetary neutrality and document where
this non-neutrality originates: innovation. Expansionary monetary policy shocks increase the …

Firm entry and capital investment both vary over the business cycle. This paper analyzes the
role of the firm entry delay option (waiting option) in the joint dynamics of firm entry and …