A Macro-Finance Model of Capital Reallocation and Misallocation
I develop a DSGE model with heterogeneous investors, in which the efficiency of risk-sharing in the financial market and the efficiency of capital allocation result in a feedback loop.
Heterogeneous Investors
A Macro-Finance Model of Capital Reallocation and Misallocation
I develop a DSGE model with heterogeneous investors, in which the efficiency of risk-sharing in the financial market and the efficiency of capital allocation result in a feedback loop.
Macroprudential Policy, Balance Sheets, and Tail Risk
Investigating how macroprudential policies, in particular, VaR-type constraints affect aggregate investment, growth and tail risk, via a macro-finance model with heterogeneous investors.