Technological innovation of private enterprises is an important condition for promoting high-
quality development of China's economy. This paper matches the regional business …

We provide novel empirical evidence that firms' investment is more responsive to monetary
policy when a higher fraction of their debt matures. In a heterogeneous firm New Keynesian …

Interventions in corporate credit markets were a major innovation in the policy response to
the 2020 recession. This paper develops and estimates a model to quantify their impact on …

Digitalization of investment can boost the development of the tourism sector. However,
regulations in Indonesia related to digital investment still need to be improved, thus …

Business creation subsidies are a means for reducing firm debt and bankruptcy risk. Do they
work? To answer the question, we consider a general equilibrium model where firms are …

This thesis explores the dynamics of trade credit, corporate yield spreads, and supply chain
disruptions, emphasizing their impact on market efficiency and firm financial stability. The …

This dissertation consists of three essays on firms and the macroeconomy. Chapter 1 of my
dissertation revisits a classical question in macroeconomics: what are the aggregate …

Four Essays in Macroeconomics Page 1 Four Essays in Macroeconomics
Inauguraldissertation zur Erlangung des akademischen Grades eines Doktors der …