A Macro-Finance Model of Capital Reallocation and Misallocation

Developing a DSGE model with heterogeneous investors facing financial frictions to study capital reallocation and misallocation.

October 2025 · Yucheng Zhou (Job Market Paper)

A Macro-Finance Model of Capital Reallocation and Misallocation

Developing a DSGE model with heterogeneous investors facing financial frictions to study capital reallocation and misallocation.

October 2025 · Yucheng Zhou (Job Market Paper)