NEWS
01/27/25: Why does the typical firm deliberately operate with large amounts of idle capacity? In a new NBER working paper, Richard Friberg, Chad Syverson and I use a classic newsvendor model and rich Swedish micro data to show that firms rationally maintain slack in production when future demand is uncertain—and the more so the higher is a firm's markup. The amount of slack in the economy is thus higher when demand uncertainty is high, which—among other things—has important implications for macroeconomic dynamics. Read the paper here!
11/18/24: I co-organize the annual PhD Workshop in Money and Finance, which offers PhD students the opportunity to present papers within the fields of monetary policy and finance. The call for papers for the next edition of the workshop—which will take place at Stockholm Business School on April 29, 2025—is now out and can be found here. We offer full reimbursement for travel and accomodation for speakers, so don't miss out on this great opportunity if you're a PhD student working in macro or finance!