IDEAS home Printed from https://ideas.repec.org/f/c/pda513.html

Joel David

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.

    Cited by:

    1. Baqaee, David Rezza & Farhi, Emmanuel & Sangani, Kunal, 2021. "The Supply-Side Effects of Monetary Policy," CEPR Discussion Papers 15702, C.E.P.R. Discussion Papers.

  2. Mari Tanaka & Nicholas Bloom & Joel M. David & Maiko Koga, 2018. "Firm Performance and Macro Forecast Accuracy," NBER Working Papers 24776, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alexandros Botsis & Christoph Görtz & Plutarchos Sakellaris, 2024. "Quantifying Qualitative Survey Data with Panel Data Structure," CESifo Working Paper Series 11013, CESifo.
    2. Tatsushi Okuda & Tomohiro Tsuruga, 2021. "Inflation Expectations and Central Bank Communication with Unknown Prior," IMES Discussion Paper Series 21-E-07, Institute for Monetary and Economic Studies, Bank of Japan.
    3. Nur Hafizah Roslan & Siti Zaitun Saddam & Muhammad Ahmad & Muhammad Hafiz Bin Amran, 2024. "Examining the Influence of Macroeconomic Factors and Corporate Governance on Firm Performance in the ACE Market," Information Management and Business Review, AMH International, vol. 16(1), pages 153-162.
    4. David Altig & Jose Maria Barrero & Nicholas Bloom & Steven J. Davis & Brent H. Meyer & Nicholas Parker, 2019. "Surveying Business Uncertainty," NBER Working Papers 25956, National Bureau of Economic Research, Inc.
    5. Kodama, Naomi & Murakami, Yoshiaki & Tanaka, Mari, 2021. "No Successor, No Success? Impact of a Little Son on Business Performance," Journal of the Japanese and International Economies, Elsevier, vol. 62(C).
    6. Yoshiyuki Nakazono & Maiko Koga & Tomohiro Sugo, 2018. "Private Information and Analyst Coverage: Evidence from Firm Survey Data," Bank of Japan Working Paper Series 18-E-17, Bank of Japan.
    7. Xinheng Liu & Shuxian Li & Chengbo Fu & Xu Gong & Chen Fan, 2024. "The oil price plummeted in 2014–2015: Is there an effect on Chinese firms' labour investment?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 943-960, January.
    8. Buchheim, Lukas & Dovern, Jonas & Krolage, Carla & Link, Sebastian, 2022. "Sentiment and firm behavior during the COVID-19 pandemic," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 186-198.
    9. Cheng CHEN & Tatsuro SENGA & Chang SUN & Hongyong ZHANG, 2018. "Expectation Formation and Firm Activities: New evidence from a business outlook survey in Japan," Discussion papers 18059, Research Institute of Economy, Trade and Industry (RIETI).
    10. Olkhov, Victor, 2018. "Expectations, Price Fluctuations and Lorenz Attractor," MPRA Paper 89105, University Library of Munich, Germany.
    11. Olkhov, Victor, 2019. "New Essentials of Economic Theory," MPRA Paper 95065, University Library of Munich, Germany.
    12. Jonas Dovern & Lena Sophia Müller & Klaus Wohlrabe, 2022. "Local Information and Firm Expectations about Aggregates," CESifo Working Paper Series 9826, CESifo.
    13. Gustavo de Souza, 2022. "The Labor Market Consequences of Appropriate Technology," Working Paper Series WP 2022-53, Federal Reserve Bank of Chicago.
    14. Maiko Koga & Koichi Yoshino & Tomoya Sakata, 2019. "Strategic Complementarity and Asymmetric Price Setting among Firms," Bank of Japan Working Paper Series 19-E-5, Bank of Japan.
    15. Wei, Shuping & Jiang, Fangxin & Pan, Jiawei & Cai, Qihai, 2023. "Financial innovation, government auditing and corporate high-quality development: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PD).
    16. Manuel Buchholz & Lena Tonzer & Julian Berner, 2022. "Firm‐specific forecast errors and asymmetric investment propensity," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 764-793, April.
    17. Reslow, André, 2019. "Inefficient Use of Competitors’ Forecasts?," Working Paper Series 2019:9, Uppsala University, Department of Economics.
    18. Huang, Qiongyu & Xu, Chuhong & Xue, Xiaolong & Zhu, Hui, 2023. "Can digital innovation improve firm performance: Evidence from digital patents of Chinese listed firms," International Review of Financial Analysis, Elsevier, vol. 89(C).
    19. Lena Anayi & Nicholas Bloom & Philip Bunn & Paul Mizen & Gregory Thwaites & Ivan Yotzov, 2023. "Firming up price inflation," CEP Discussion Papers dp1922, Centre for Economic Performance, LSE.
    20. Alexander Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Working Papers 1486, Barcelona School of Economics.
    21. Olkhov, Victor, 2019. "Methods of Economic Theory: Variables, Transactions and Expectations as Functions of Risks," MPRA Paper 95628, University Library of Munich, Germany.
    22. Berner, Julian & Buchholz, Manuel & Tonzer, Lena, 2020. "Asymmetric investment responses to firm-specific forecast errors," IWH Discussion Papers 5/2020, Halle Institute for Economic Research (IWH).
    23. Gemmi, Luca, 2024. "Rational overoptimism and limited liability," Journal of Monetary Economics, Elsevier, vol. 143(C).
    24. Ruonan Wang & Guangsheng Zhang, 2025. "Does optimising the business environment enhance enterprise resilience? The role of digital innovation and entrepreneurial spirit," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    25. Babina, Tania & Fedyk, Anastassia & He, Alex & Hodson, James, 2024. "Artificial intelligence, firm growth, and product innovation," Journal of Financial Economics, Elsevier, vol. 151(C).
    26. Alexandre Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Economics Series Working Papers 1073, University of Oxford, Department of Economics.
    27. Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2021. "Firm expectations and economic activity," Working Paper Series 2621, European Central Bank.
    28. Cheng Chen & Tatsuro Senga & Chang Sun & Hongyong Zhang, 2020. "Uncertainty, Imperfect Information, and Expectation Formation over the Firm's Life Cycle," CESifo Working Paper Series 8468, CESifo.
    29. Brancati, Emanuele, 2023. "R&D plans, expectations, and uncertainty: Evidence from the COVID-19 shock in Italy," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 303-318.
    30. Botsis, Alexandros & Görtz, Christoph & Sakellaris, Plutarchos, 2024. "Quantifying qualitative survey data with panel data," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    31. Vladimir Asriyan & Alexandre Kohlhas, 2025. "The macroeconomics of data: Scale, product choice, and pricing in the information age," Economics Working Papers 1904, Department of Economics and Business, Universitat Pompeu Fabra.
    32. Nicholas Bloom & Takafumi Kawakubo & Charlotte Meng & Paul Mizen & Rebecca Riley & Tatsuro Senga & John Van Reenen, 2022. "Do well managed firms make better forecasts?," CEP Discussion Papers dp1821, Centre for Economic Performance, LSE.
    33. Simionescu, Mihaela & Raišienė, Agota Giedrė, 2021. "A bridge between sentiment indicators: What does Google Trends tell us about COVID-19 pandemic and employment expectations in the EU new member states?," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    34. Olkhov, Victor, 2019. "New essentials of economic theory II. Economic transactions, expectations and asset pricing," MPRA Paper 93428, University Library of Munich, Germany.
    35. Alexandros Botsis & Christoph Gortz & Plutarchos Sakellaris, 2023. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Discussion Papers 23-06, Department of Economics, University of Birmingham.
    36. Brancati,Emanuele-000592383 & Di Maio,Michele & Rahman,Aminur, 2022. "Jobs, Access to Credit, and Informality in MENA Countries," Policy Research Working Paper Series 10061, The World Bank.
    37. Mancini, Anna Laura & Tommasino, Pietro, 2023. "Fiscal rules and the reliability of public investment plans: Evidence from local governments," European Journal of Political Economy, Elsevier, vol. 79(C).
    38. Jonas Dovern & Lena Sophia Müller & Klaus Wohlrabe, 2020. "How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-Scale Business Survey," CESifo Working Paper Series 8179, CESifo.
    39. Victor Olkhov, 2019. "Financial Variables, Market Transactions, and Expectations as Functions of Risk," IJFS, MDPI, vol. 7(4), pages 1-27, November.
    40. Morikawa, Masayuki, 2022. "Uncertainty in long-term macroeconomic forecasts: Ex post evaluation of forecasts by economics researchers," The Quarterly Review of Economics and Finance, Elsevier, vol. 85(C), pages 8-15.
    41. Anh Tuan Bui & Thu Phuong Pham, 2021. "Financial and Labour Obstacles and Firm Employment: Evidence from Europe and Central Asia Firms," Sustainability, MDPI, vol. 13(15), pages 1-18, August.
    42. Qiu, Yajie & Deschamps, Bruno & Liu, Xiaoquan, 2024. "Uncertainty and macroeconomic forecasts: Evidence from survey data," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 463-480.
    43. Nicholas Bloom & Steven J. Davis & Lucia Foster & Brian Lucking & Scott Ohlmacher & Itay Saporta-Eksten, 2020. "Business-Level Expectations and Uncertainty," Working Papers 20-41, Center for Economic Studies, U.S. Census Bureau.
    44. Cheng CHEN & Tatsuro SENGA & Chang SUN & Hongyong ZHANG, 2020. "Information Acquisition and Price Setting under Uncertainty: New Survey Evidence," Discussion papers 20078, Research Institute of Economy, Trade and Industry (RIETI).
    45. Jiun-Hua Su, 2021. "No-Regret Forecasting with Egalitarian Committees," Papers 2109.13801, arXiv.org.
    46. Barrero, Jose Maria, 2020. "The Micro and Macro of Managerial Beliefs," SocArXiv fctsb, Center for Open Science.
    47. Petre Caraiani & Nazli Karamollaoglu & Cihan Yalcin, 2025. "Financial Conditions, Uncertainty and Expectations Errors of Firms," Working Papers 2515, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    48. Qingyang Wu, 2023. "Sustainable growth through industrial robot diffusion: Quasi‐experimental evidence from a Bartik shift‐share design," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(4), pages 1107-1133, October.
    49. Joel Suss & Adam Hughes, 2023. "Bank expectations and prudential outcomes," Bank of England working papers 1035, Bank of England.
    50. Anmol Bhandari & Jaroslav Borovicka & Paul Ho, 2019. "Survey Data and Subjective Beliefs in Business Cycle Models," Working Paper 19-14, Federal Reserve Bank of Richmond.
    51. Jung Ho Choi & Brandon Gipper & Sara Malik, 2023. "Financial Reporting Quality and Wage Differentials: Evidence from Worker‐Level Data," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 61(4), pages 1109-1158, September.
    52. Buchheim, Lukas & Dovern, Jonas & Krolage, Carla & Link, Sebastian, 2020. "Firm-level Expectations and Behavior in Response to the COVID-19 Crisis," IZA Discussion Papers 13253, IZA Network @ LISER.
    53. Jonas Dovern & Klaus Wohlrabe, 2025. "The Causal Effects of Trump's Reelection on Business Expectations of German Firms," CESifo Working Paper Series 12266, CESifo.
    54. de Souza, Gustavo, 2022. "The Labor Market Consequences of Appropriate Technology," CEPREMAP Working Papers (Docweb) 2208, CEPREMAP.

  3. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.

    Cited by:

    1. Li, Kai & Tsou, Chi-Yang & Xu, Chenjie, 2023. "Learning and the capital age premium," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 76-90.
    2. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    3. Maurin, Laurent & Wolski, Marcin, 2021. "Aggregate productivity slowdown in Europe: New evidence from corporate balance sheets," EIB Working Papers 2021/04, European Investment Bank (EIB).
    4. Bayer, Christian & Mecikovsky, Ariel & Meier, Matthias, 2018. "Misallocation: Markups and Technology," CEPR Discussion Papers 12727, C.E.P.R. Discussion Papers.
    5. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    6. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    7. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.

  4. Schmid, Lukas & David, Joel & Zeke, David, 2018. "Risk-Adjusted Capital Allocation and Misallocation," CEPR Discussion Papers 13205, C.E.P.R. Discussion Papers.

    Cited by:

    1. Wang, Delu & Mao, Jinqi & Cui, Rong & Yu, Jian & Shi, Xunpeng, 2022. "Impact of inter-provincial power resource allocation on enterprise production behavior from a multi-scale correlation perspective," Energy Economics, Elsevier, vol. 114(C).
    2. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
    3. Cho, Thummim & Polk, Christopher, 2024. "Putting the price in asset pricing," LSE Research Online Documents on Economics 120805, London School of Economics and Political Science, LSE Library.
    4. Cusolito,Ana Paula & Fattal Jaef,Roberto N. & Mare,Davide Salvatore & Singh,Akshat Vikram, 2024. "The Role of Financial (Mis)allocation on Real (Mis)allocation: Firm-level Evidence for European Countries," Policy Research Working Paper Series 10811, The World Bank.
    5. Shen, Junyan, 2023. "Capital misallocation and financial market frictions: Empirical evidence from equity cost of capital," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 486-504.
    6. Li, Kai & Tsou, Chi-Yang & Xu, Chenjie, 2023. "Learning and the capital age premium," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 76-90.
    7. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    8. Ana Paula Cusolito & Roberto N. Fattal Jaef & Fausto Andres Patino Pena & Singh,Akshat Vikram, 2024. "The Financial Premium and Real Cost of Bureaucrats in Businesses," Policy Research Working Paper Series 10929, The World Bank.
    9. Luo, Haotian, 2025. "Does smart city construction exacerbate capital misallocation? Spatial spillovers, digital transformation, and robotics application," Structural Change and Economic Dynamics, Elsevier, vol. 73(C), pages 328-344.
    10. Hengjie Ai & Anmol Bhandari & Chao Ying & Yuchen Chen, 2019. "Misallocation and risk sharing," 2019 Meeting Papers 1215, Society for Economic Dynamics.
    11. Maurin, Laurent & Wolski, Marcin, 2021. "Aggregate productivity slowdown in Europe: New evidence from corporate balance sheets," EIB Working Papers 2021/04, European Investment Bank (EIB).
    12. Bayer, Christian & Mecikovsky, Ariel & Meier, Matthias, 2018. "Misallocation: Markups and Technology," CEPR Discussion Papers 12727, C.E.P.R. Discussion Papers.
    13. Liu, Lei, 2025. "How does regional judicial quality improvement enhance enterprises' capital allocation efficiency: Evidence from the establishment of circuit court," International Review of Financial Analysis, Elsevier, vol. 103(C).
    14. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    15. Zhou, Tao & Li, Zhongfei & Bai, Hengrui & Du, Zhidi & Huang, Jinbo & Ding, Zengcai, 2024. "Does unconventional monetary policy improve credit support for the industry chain? The mechanism of trade credit," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 180-192.
    16. Neuhann, Daniel & Sockin, Michael, 2024. "Financial market concentration and misallocation," Journal of Financial Economics, Elsevier, vol. 159(C).
    17. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    18. Wang, Ting & Tang, Jian & Wang, Xiao & He, Qiankun, 2024. "Assessing capital allocation efficiency under environmental regulation," Finance Research Letters, Elsevier, vol. 62(PA).
    19. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.
    20. Kabir, Poorya & Tan, Eugene & Vardishvili, Ia, 2025. "Quantifying the allocative efficiency of capital: The role of capital utilization," Journal of Monetary Economics, Elsevier, vol. 155(C).
    21. Alessandro Villa, 2022. "Credit Misallocation and Macro Dynamics with Oligopolistic Financial Intermediaries," Working Paper Series WP 2022-41, Federal Reserve Bank of Chicago.
    22. Hu, Weiwei & Li, Kai & Xu, Yiming, 2023. "Leasing and the allocation efficiency of finance," Journal of Empirical Finance, Elsevier, vol. 74(C).
    23. Choi, Jaewon & Tian, Xu & Wu, Yufeng & Kargar, Mahyar, 2025. "Investor demand, firm investment, and capital misallocation," Journal of Financial Economics, Elsevier, vol. 168(C).
    24. Joel M. David & Romain Ranciere & David Zeke, 2023. "International Diversification, Reallocation, and the Labor Share," Working Paper Series WP 2023-16, Federal Reserve Bank of Chicago.
    25. Cui, Shuhui & Li, Guangqin & Liu, Jiashu, 2024. "Can the construction of smart cities promote the capital allocation efficiency: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    26. Kim, Hwagyun & Mathur, Vipul & Shin, Jong Kook & Subramanian, Chetan, 2023. "Misallocation of debt and aggregate productivity," Journal of Corporate Finance, Elsevier, vol. 83(C).

  5. Venky Venkateswaran & Joel David, 2017. "Capital Misallocation: Frictions or Distortions?," 2017 Meeting Papers 1636, Society for Economic Dynamics.

    Cited by:

    1. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Working Papers tecipa-581, University of Toronto, Department of Economics.
    2. Jose Maria Barrero, 2017. "Firm Dynamics with Subjective Beliefs," 2017 Meeting Papers 367, Society for Economic Dynamics.
    3. Wright, Randall & Xiao, Sylvia Xiaolin & Zhu, Yu, 2018. "Frictional capital reallocation I: Ex ante heterogeneity," Journal of Economic Dynamics and Control, Elsevier, vol. 89(C), pages 100-116.
    4. Baris Kaymak, 2019. "Loss-Offset Provisions in the Corporate Tax Code and Misallocation of Capital," 2019 Meeting Papers 1177, Society for Economic Dynamics.
    5. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    6. Randall Wright & Sylvia Xiao & Yu Zhu, 2020. "Frictional Capital Reallocation with Ex Post Heterogeneity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 227-253, August.
    7. Randall Wright & Xiaolin Xiao & Yu Zhu, 2018. "Frictional Capital Reallocation II: Ex Post Heterogeneity," 2018 Meeting Papers 544, Society for Economic Dynamics.
    8. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.
    9. Matthias Kehrig & Nicolas Vincent, 2018. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data," 2018 Meeting Papers 233, Society for Economic Dynamics.

  6. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.

    Cited by:

    1. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Byrne, Stephen & Goodhead, Robert, 2025. "The Sources of Capital Misallocation in Europe," Research Technical Papers 11/RT/25, Central Bank of Ireland.
    3. Zhou, Fujin & Oostendorp, Remco, 2024. "Big distortions, small efficiency loss: Measuring resource misallocation with complementary distortions in Vietnam," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 244-261.
    4. Emanuele Campiglio & Simon Dietz & Frank Venmans, 2022. "Optimal Climate Policy as If the Transition Matters," CESifo Working Paper Series 10139, CESifo.
    5. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
    6. Yunwei Li & Qiuping Ji & Zijie Wang & Zishan Xiong & Simeng Zhan & Yiping Yang & Yu Hao, 2022. "Green energy mismatch, industrial intelligence and economics growth: theory and empirical evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(10), pages 11785-11816, October.
    7. Tetenyi, Laszlo, 2019. "Trade, misallocation, and capital market integration," IWH-CompNet Discussion Papers 8/2019, Halle Institute for Economic Research (IWH).
    8. Xu, Ye & Wang, Zhi-Chao & Tao, Chang-Qi, 2024. "Can innovative pilot city policies improve the allocation level of innovation factors? – Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    9. Li, Junqing & Miao, Ersen & Zhang, Jianbo, 2021. "The legal environment, specialized investments, incomplete contracts, and labor productivity," China Economic Review, Elsevier, vol. 66(C).
    10. Barrero, Jose Maria, 2022. "The micro and macro of managerial beliefs," Journal of Financial Economics, Elsevier, vol. 143(2), pages 640-667.
    11. Michael Kilumelume & Bruno Morando & Carol Newman & John Rand, 2021. "Tariffs, productivity, and resource misallocation," WIDER Working Paper Series wp-2021-174, World Institute for Development Economic Research (UNU-WIDER).
    12. Yan Bai & Keyu Jin & Dan Lu, 2019. "Misallocation Under Trade Liberalization," NBER Working Papers 26188, National Bureau of Economic Research, Inc.
    13. Jin, Laiqun & Dai, Jiaying & Jiang, Weijie & Cao, Kairui, 2023. "Digital finance and misallocation of resources among firms: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    14. Natalie Bau & Adrien Matray, 2020. "Misallocation and Capital Market Integration: Evidence from India," Working Papers 2020-31, Princeton University. Economics Department..
    15. Alzate,David & Eliana Carranza & Duran-Franch,Joana & Truman G. Packard & Celina Proffen, 2024. "How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations," Policy Research Working Paper Series 10961, The World Bank.
    16. Alam, M. Jahangir, 2020. "Capital misallocation: Cyclicality and sources," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    17. Chen, Guowen & Herrera, Ana María & Lugauer, Steven, 2022. "Policy and misallocation: Evidence from Chinese firm-level data," European Economic Review, Elsevier, vol. 149(C).
    18. Idossou Marius Adom & Immo Schott, 2024. "Input Delays, Firm Dynamics, and Misallocation in Sub-Saharan Africa," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 53, pages 147-172, July.
    19. Jiang, Tangyang & Cao, Chi & Lei, Leyuan & Hou, Jie & Yu, Yang & Jahanger, Atif, 2023. "Temporal and spatial patterns, efficiency losses and impact factors of energy mismatch in China under environmental constraints," Energy, Elsevier, vol. 282(C).
    20. Bento, Pedro & Restuccia, Diego, 2021. "On average establishment size across sectors and countries," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 220-242.
    21. Hao, Yu & Gai, Zhiqiang & Wu, Haitao, 2020. "How do resource misallocation and government corruption affect green total factor energy efficiency? Evidence from China," Energy Policy, Elsevier, vol. 143(C).
    22. Deng, Jiapin & Liu, Qiao, 2024. "Good finance, bad finance, and resource misallocation: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 159(C).
    23. Shen, Junyan, 2023. "Capital misallocation and financial market frictions: Empirical evidence from equity cost of capital," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 486-504.
    24. Zhu, Weichao & Yun, Xiao & Yang, Huimei, 2024. "Financial frictions and inter-firm wage dispersion: A structural estimation," Finance Research Letters, Elsevier, vol. 62(PB).
    25. Eero Mäkynen & Oskari Vähämaa, 2021. "Uncertainty, Misallocation and the Life-cycle Growth of Firms," Discussion Papers 146, Aboa Centre for Economics.
    26. Ding, Sai & Jiang, Wei & Li, Shengyu & Wei, Shang-Jin, 2024. "Fiscal policy volatility and capital misallocation: Evidence from China," European Economic Review, Elsevier, vol. 167(C).
    27. Xi, Xican, 2023. "Multi-establishment firms, misallocation, and productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    28. Wang, Sai & Meng, Ye & Xie, Wenwu, 2025. "Trade liberalization, road expansion, and factor market distortion," International Review of Economics & Finance, Elsevier, vol. 99(C).
    29. Andrés Blanco & Isaac Baley, 2019. "Aggregate Dynamics in Lumpy Economies," Working Papers 1116, Barcelona School of Economics.
    30. Cingano, Federico & Hassan, Fadi, 2020. "International financial flows and misallocation," LSE Research Online Documents on Economics 108460, London School of Economics and Political Science, LSE Library.
    31. Ling-Yun He & Xiao-Feng Qi, 2021. "Resource Misallocation and Energy-Related Pollution," IJERPH, MDPI, vol. 18(10), pages 1-19, May.
    32. Barış Kaymak & Immo Schott, 2024. "Tax Heterogeneity and Misallocation," International Finance Discussion Papers 1393, Board of Governors of the Federal Reserve System (U.S.).
    33. Alexander Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Working Papers 1486, Barcelona School of Economics.
    34. Robert Kurtzman & David Zeke, 2020. "Misallocation Costs of Digging Deeper into the Central Bank Toolkit," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 94-126, October.
    35. Tomer Ifergane, 2024. "Concentrated Risk: Misallocation and Granular Business Cycles," Discussion Papers 2438, Centre for Macroeconomics (CFM).
    36. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    37. van der Geest, Jesse, 2024. "Economic effects of tax avoidance and compliance," Other publications TiSEM aaca33bf-975d-4e21-9b5f-5, Tilburg University, School of Economics and Management.
    38. Boppart, Timo & Aghion, Philippe & Bergeaud, Antonin & Klenow, Peter J. & Li, Huiyu, 2019. "A Theory of Falling Growth and Rising Rents," CEPR Discussion Papers 14094, C.E.P.R. Discussion Papers.
    39. Alpysbayeva, Dinara & Vanormelingen, Stijn, 2022. "Labor market rigidities and misallocation: Evidence from a natural experiment," Labour Economics, Elsevier, vol. 78(C).
    40. Shawn Xiaoguang Chen & Yudan Cheng & Liutang Gong & Wenjia Tian, 2023. "A Big Push of Panda from the Ground: Land Subsidy and Structural Transformation in China," Economics Discussion / Working Papers 23-09, The University of Western Australia, Department of Economics.
    41. Melcangi, Davide & Turen, Javier, 2023. "Subsidizing startups under imperfect information," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 93-109.
    42. Venkateswaran, Venky, 2019. "Comments on ‘Loss-offset provisions in the corporate tax code and misallocation of capital’," Journal of Monetary Economics, Elsevier, vol. 105(C), pages 21-23.
    43. Zhang, Yiran, 2021. "Technology Market Frictions and Economic Development: Evidence from China," MPRA Paper 122159, University Library of Munich, Germany, revised 21 Sep 2024.
    44. Luo, Haotian, 2025. "Does smart city construction exacerbate capital misallocation? Spatial spillovers, digital transformation, and robotics application," Structural Change and Economic Dynamics, Elsevier, vol. 73(C), pages 328-344.
    45. Yidan Liang, 2023. "The effect of capital and labour distortion on innovation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(2), pages 1709-1737, June.
    46. Bils, Mark & Klenow, Peter J. & Ruane, Cian, 2021. "Misallocation or Mismeasurement?," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 39-56.
    47. Tang, Le & Jefferson, Gary, 2024. "A DSGE model of energy efficiency with vintage capital in Chinese industry," Economic Modelling, Elsevier, vol. 132(C).
    48. Robert J. Kurtzman & David Zeke, 2023. "Aggregate Implications of Deviations from Modigliani-Miller: A Sufficient Statistics Approach," Finance and Economics Discussion Series 2023-045, Board of Governors of the Federal Reserve System (U.S.).
    49. Alexandre Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Economics Series Working Papers 1073, University of Oxford, Department of Economics.
    50. Diego Restuccia, 2018. "Misallocation and Aggregate Productivity across Time and Space," Working Papers tecipa-596, University of Toronto, Department of Economics.
    51. Hengjie Ai & Anmol Bhandari & Chao Ying & Yuchen Chen, 2019. "Misallocation and risk sharing," 2019 Meeting Papers 1215, Society for Economic Dynamics.
    52. Yongchan Kwon & Sokbae Lee & Guillaume A. Pouliot, 2024. "Group Shapley Value and Counterfactual Simulations in a Structural Model," Papers 2410.06875, arXiv.org.
    53. Han, Xuehui & Epetia, Ma. Christina F. & Cheng, Yuan, 2021. "“Subsidies” or “taxes”? Corporate credit misallocation induced by the nexus of state-owned enterprises and state-owned banks," Journal of Asian Economics, Elsevier, vol. 76(C).
    54. Choi, Woo Jin & Roh, Woo Jin, 2023. "Service Matters: Capital Misallocation and Sectoral Economic Growth," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 45(1), pages 1-32.
    55. Vladimir Asriyan & Alexandre Kohlhas, 2025. "The macroeconomics of data: Scale, product choice, and pricing in the information age," Economics Working Papers 1904, Department of Economics and Business, Universitat Pompeu Fabra.
    56. Marcela Eslava & John C. Haltiwanger, 2020. "The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges," NBER Working Papers 27184, National Bureau of Economic Research, Inc.
    57. Joachim Hubmer & Mons Chan & Serdar Ozkan & Sergio Salgado & Guangbin Hong, 2024. "Scalable versus Productive Technologies," PIER Working Paper Archive 24-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    58. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    59. Ding Dong & Zheng Liu & Pengfei Wang, 2025. "Turbulent Business Cycles," Working Paper Series 2021-22, Federal Reserve Bank of San Francisco.
    60. Jann Lay & Tevin Tafese, 2020. "Formalization and productivity: Firm-level evidence from Viet Nam," WIDER Working Paper Series wp-2020-164, World Institute for Development Economic Research (UNU-WIDER).
    61. Carol Newman & John Rand & Mpho Tsebe, 2019. "Resource misallocation and total factor productivity: Manufacturing firms in South Africa," WIDER Working Paper Series wp-2019-46, World Institute for Development Economic Research (UNU-WIDER).
    62. Zhang, Teng & Xu, Shu & Zhang, Shuoxun, 2022. "Are export tax rebates patronage for Chinese firms? An analysis of productivity," China Economic Review, Elsevier, vol. 75(C).
    63. Norbert Ernst & Nico Pintar & Richard Sellner, 2023. "Resource Misallocation and TFP Gap Development in Austria (Richard Sellner, Nico Pintar, Norbert Ernst)," Working Papers 246, Oesterreichische Nationalbank (Austrian Central Bank).
    64. Santos, Cezar & Cavalcanti, Tiago & Kaboski, Joseph & Martins, Bruno, 2021. "Dispersion in Financing Costs and Development," CEPR Discussion Papers 15930, C.E.P.R. Discussion Papers.
    65. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    66. Fernando M. Aragón & Diego Restuccia & Juan Pablo Rud, 2022. "Assessing Misallocation in Agriculture: Plots versus Farms," Working Papers 130, Red Nacional de Investigadores en Economía (RedNIE).
    67. Alessandro Ruggieri & Nezih Guner, 2022. "Misallocation and Inequality," Working Papers 1334, Barcelona School of Economics.
    68. Maurice Bun & Theoplasti Kolaiti & Tolga Özden, 2023. "Misallocation and Productivity Growth: a Meta-analysis," Working Papers 774, DNB.
    69. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    70. Bruno Pellegrino & Geoffery Zheng, 2023. "Quantifying the Impact of Red Tape on Investment: A Survey Data Approach," CESifo Working Paper Series 10447, CESifo.
    71. Tang, Le, 2022. "The dynamic demand for capital and labor: Evidence from Chinese industrial firms," Economic Modelling, Elsevier, vol. 107(C).
    72. Meza, Felipe & Pratap, Sangeeta & Urrutia, Carlos, 2020. "Credit and investment distortions: Evidence from Mexican manufacturing," Economics Letters, Elsevier, vol. 197(C).
    73. Ying Sun & Jin Fan & Weiguo Jia, 2023. "Will the COVID-19 Pandemic Outbreak Intensify the Resource Misallocation in China’s Food Production?," Sustainability, MDPI, vol. 15(6), pages 1-19, March.
    74. Qian, Yifan, 2025. "Public data openness and corporate total factor productivity," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 733-753.
    75. Kabir, Poorya & Tan, Eugene & Vardishvili, Ia, 2025. "Quantifying the allocative efficiency of capital: The role of capital utilization," Journal of Monetary Economics, Elsevier, vol. 155(C).
    76. Hang, Jing & Wang, Miaojun & Zhou, Mohan, 2025. "Productivity implications of inefficient environmental regulation: Evidence from China," China Economic Review, Elsevier, vol. 90(C).
    77. Samuel Vika Mhlanga, 2023. "Productivity and reallocation under monopolistic competition: A Micro panel data analysis," South African Journal of Economics, Economic Society of South Africa, vol. 91(4), pages 466-497, December.
    78. Kaoru Hosono & Miho Takizawa, 2022. "Japan's productivity stagnation: Using dynamic Hsieh–Klenow decomposition," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 218-232, January.
    79. Tang, Le, 2023. "SOEs reform and capital efficiency in China: A structural analysis," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 1-20.
    80. Tang, Le, 2021. "Investment dynamics and capital distortion: State and non-state firms in China," Journal of Asian Economics, Elsevier, vol. 73(C).
    81. Le Tang & Jun Zhang & Jim Huangnan Shen, 2024. "Capital misallocation in Chinese industrial firms," Scottish Journal of Political Economy, Scottish Economic Society, vol. 71(1), pages 75-100, February.
    82. Bruno Morando, 2021. "Subsistence farming and factor misallocation:Evidence from Ugandan agriculture," Economics Department Working Paper Series n308-21.pdf, Department of Economics, National University of Ireland - Maynooth.
    83. Hu, Weiwei & Li, Kai & Xu, Yiming, 2023. "Leasing and the allocation efficiency of finance," Journal of Empirical Finance, Elsevier, vol. 74(C).
    84. Choi, Jaewon & Tian, Xu & Wu, Yufeng & Kargar, Mahyar, 2025. "Investor demand, firm investment, and capital misallocation," Journal of Financial Economics, Elsevier, vol. 168(C).
    85. Yan Bai & Dan Lu & Xu Tian, 2018. "Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?," NBER Working Papers 24436, National Bureau of Economic Research, Inc.
    86. Li, Ke & Xu, Chang & Tang, Liwei, 2024. "The important of eliminating energy market distortions: The perspective of industrial green productivity," Energy Economics, Elsevier, vol. 132(C).
    87. Bruno Morando & Carol Newman, 2021. "Capital Misallocation, Agricultural Subsidies and Productivity: A European Perspective," Trinity Economics Papers tep0221, Trinity College Dublin, Department of Economics.
    88. Jose-Maria Da-Rocha & Diego Restuccia & Marina M. Tavares, 2022. "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," Working Papers tecipa-741, University of Toronto, Department of Economics.
    89. Tan, Ruipeng & Li, Jun & Wang, Feng & Yang, Jing, 2025. "Electricity transmission and its effects on resource misallocation and environmental consequences in China: An economic analysis," Energy Policy, Elsevier, vol. 198(C).
    90. Firooz, Hamid, 2025. "The pro-competitive consequences of trade in frictional labor markets," Journal of International Economics, Elsevier, vol. 153(C).
    91. Cui, Shuhui & Li, Guangqin & Liu, Jiashu, 2024. "Can the construction of smart cities promote the capital allocation efficiency: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 208(C).
    92. Ruiz-García, J. C., 2021. "Financial Frictions, Firm Dynamics and the Aggregate Economy: Insights from Richer Productivity Processes," Cambridge Working Papers in Economics 2157, Faculty of Economics, University of Cambridge.
    93. Jackson, Paul & Madison, Florian, 2022. "Entrepreneurial finance and monetary policy," European Economic Review, Elsevier, vol. 141(C).
    94. Gu, Shijun & Jia, Chengcheng, 2022. "Firm dynamics and SOE transformation during China’s Economic Reform," Journal of International Money and Finance, Elsevier, vol. 127(C).
    95. Isaiah Andrews & Matthew Gentzkow & Jesse M. Shapiro, 2020. "Transparency in Structural Research," NBER Working Papers 26631, National Bureau of Economic Research, Inc.
    96. Zhu, Wenpeng, 2024. "Digital finance, capital misallocation and corporate innovation," International Review of Economics & Finance, Elsevier, vol. 96(PC).
    97. Comin, Diego & Quintana Gonzalez, Javier & Schmitz, Tom & Trigari, Antonella, 2020. "Revisiting Productivity Dynamics in Europe: A New Measure of Utilization-Adjusted TFP Growth," CEPR Discussion Papers 15402, C.E.P.R. Discussion Papers.
    98. Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Planet-Level Data," CESifo Working Paper Series 6401, CESifo.

  7. Joel M. David & Ina Simonovska, 2015. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Working Papers 21480, National Bureau of Economic Research, Inc.

    Cited by:

    1. Shi, Yongbin & Yu, Miao & Chen, Liujun & Ivanov, Plamen Ch. & Wang, Yougui, 2021. "Quantifying financial market dynamics: Scaling law in rank mobility of Chinese stock prices," Finance Research Letters, Elsevier, vol. 38(C).
    2. Mohammad Alomari & David. M. Power & Nongnuch Tantisantiwong, 2018. "Determinants of equity return correlations: a case study of the Amman Stock Exchange," Review of Quantitative Finance and Accounting, Springer, vol. 50(1), pages 33-66, January.
    3. Konstantinos Vergos & Benjamin Wanger, 2019. "Evaluating interdependencies in African markets A VECM approach," Bulletin of Applied Economics, Risk Market Journals, vol. 6(1), pages 65-85.
    4. Valentina Galvani, 2022. "Country-Based Investing with Exchange Rate and Reserve Currency," Working Papers 2022-05, University of Alberta, Department of Economics.
    5. Marcet, Francisco, 2017. "Analyst coverage network and stock return comovement in emerging markets," Emerging Markets Review, Elsevier, vol. 32(C), pages 1-27.

  8. Felix Gerding & Espen Henriksen & Ina Simonovska, 2014. "The Risky Capital of Emerging Markets," NBER Working Papers 20769, National Bureau of Economic Research, Inc.

    Cited by:

    1. Constantin Bürgi & Vida Bobic & Min Wu, 2019. "Net Capital Flows and Portfolio Diversification," CESifo Working Paper Series 7883, CESifo.
    2. Joel M. David & Ina Simonovska, 2015. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Working Papers 21480, National Bureau of Economic Research, Inc.
    3. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2016. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," NBER Working Papers 22592, National Bureau of Economic Research, Inc.
    4. Tarek A. Hassan & Thomas M. Mertens & Tony Zhang, 2015. "Not so disconnected: exchange rates and the capital stock," Working Paper Series 2015-21, Federal Reserve Bank of San Francisco.
    5. Friederike Niepmann, 2016. "Banking Across Borders With Heterogeneous Banks," International Finance Discussion Papers 1177, Board of Governors of the Federal Reserve System (U.S.).
    6. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2020. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," Journal of Finance, American Finance Association, vol. 75(6), pages 3097-3138, December.
    7. Thomas Mertens & Tarek Hassan, 2017. "Currency Manipulation," 2017 Meeting Papers 175, Society for Economic Dynamics.
    8. Anusha Chari & Jennifer S. Rhee, 2020. "The Return to Capital in Capital-Scarce Countries," NBER Working Papers 27675, National Bureau of Economic Research, Inc.
    9. Kimberly A. Berg & Nelson C. Mark, 2024. "Uncertainty, Long‐Run, And Monetary Policy Risks In A Two‐Country Macro Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1387-1413, August.
    10. Claudio Borio & Piti Disyatat, 2015. "Capital flows and the current account: Taking financing (more) seriously," BIS Working Papers 525, Bank for International Settlements.
    11. Tarek A. Hassan & Thomas M. Mertens & Tony Zhang, 2016. "A Risk-based Theory of Exchange Rate Stabilization," NBER Working Papers 22790, National Bureau of Economic Research, Inc.
    12. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    13. Edgar Avalos & Jose Maria Barrero & Elwyn Davies & Leonardo Iacovone & Jesica Torres, 2024. "Business Uncertainty in Developing and Emerging Economies," CESifo Working Paper Series 11368, CESifo.
    14. Robert Inklaar & Pieter Woltjer & Daniel Gallardo Albarrán, 2019. "The Composition of Capital and Cross-Country Productivity Comparisons," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 34-52, Spring.
    15. Capelle, Damien & Pellegrino, Bruno, 2025. "Unbalanced financial globalization," Working Papers 358, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.

  9. Joel M. David & Hugo A. Hopenhayn & Venky Venkateswaran, 2014. "Information, Misallocation and Aggregate Productivity," NBER Working Papers 20340, National Bureau of Economic Research, Inc.

    Cited by:

    1. Zheng Liu & Ning Zhang, 2024. "The productivity effect of digital financial reporting," Review of Accounting Studies, Springer, vol. 29(3), pages 2350-2390, September.
    2. Hu, Yiming & Xu, Mingxia, 2021. "Xi's anti-corruption campaign and the speed of capital structure adjustment," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    3. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.
    4. Hernandez, M. & Britos, B. & Robles, M. & Trupkin, D., 2018. "Land market distortions: Theory and evidence from Guatemala," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277031, International Association of Agricultural Economists.
    5. Kun Li, 2016. "Privatization, Distortions, and Productivity," 2016 Meeting Papers 993, Society for Economic Dynamics.
    6. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Working Papers tecipa-581, University of Toronto, Department of Economics.
    7. Tanaka, Mari & Bloom, Nicholas & David, Joel M. & Koga, Maiko, 2020. "Firm performance and macro forecast accuracy," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 26-41.
    8. Cujean, Julien & Andrei, Daniel & Fournier, Mathieu, 2019. "The Low-Minus-High Portfolio and the Factor Zoo," CEPR Discussion Papers 14153, C.E.P.R. Discussion Papers.
    9. Michael Kilumelume & Bruno Morando & Carol Newman & John Rand, 2021. "Tariffs, productivity, and resource misallocation," WIDER Working Paper Series wp-2021-174, World Institute for Development Economic Research (UNU-WIDER).
    10. Straub, Ludwig & Ulbricht, Robert, 2015. "Endogenous Uncertainty and Credit Crunches," TSE Working Papers 15-604, Toulouse School of Economics (TSE), revised Dec 2017.
    11. Jose Asturias & Manuel García-Santana & Roberto Ramos, 2016. "Competition and the welfare gains from transportation infrastructure: Evidence from the Golden Quadrilateral of India," Economics Working Papers 1526, Department of Economics and Business, Universitat Pompeu Fabra.
    12. Jose Maria Barrero, 2017. "Firm Dynamics with Subjective Beliefs," 2017 Meeting Papers 367, Society for Economic Dynamics.
    13. Joel M. David & Ina Simonovska, 2015. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Working Papers 21480, National Bureau of Economic Research, Inc.
    14. David Lagakos & Mushfiq Mobarak & Michael E. Waugh, 2022. "The Welfare Effects of Encouraging Rural-Urban Migration," Staff Report 635, Federal Reserve Bank of Minneapolis.
    15. Alam, M. Jahangir, 2020. "Capital misallocation: Cyclicality and sources," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    16. Bennett, Benjamin & Stulz, René & Wang, Zexi, 2020. "Does the stock market make firms more productive?," Journal of Financial Economics, Elsevier, vol. 136(2), pages 281-306.
    17. Daniel Dias, 2016. "A tale of two sectors: why is misallocation higher in services than in manufacturing?," Working Papers w201614, Banco de Portugal, Economics and Research Department.
    18. Maryam Farboodi & Adrien Matray & Laura Veldkamp & Venky Venkateswaran, 2020. "Where Has All the Data Gone?," NBER Working Papers 26927, National Bureau of Economic Research, Inc.
    19. Itay Goldstein, 2023. "Information in Financial Markets and Its Real Effects," Review of Finance, European Finance Association, vol. 27(1), pages 1-32.
    20. Ferracuti, Elia & Stubben, Stephen R., 2019. "The role of financial reporting in resolving uncertainty about corporate investment opportunities," Journal of Accounting and Economics, Elsevier, vol. 68(2).
    21. Shenoy, Ajay, 2015. "Market Failures and Misallocation," Santa Cruz Department of Economics, Working Paper Series qt8m27w1r7, Department of Economics, UC Santa Cruz.
    22. Shen, Junyan, 2023. "Capital misallocation and financial market frictions: Empirical evidence from equity cost of capital," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 486-504.
    23. Ferreira, M. & Haber, T. & Rörig, C., 2021. "Financial Factors, Firm size and Firm Potential," Cambridge Working Papers in Economics 2176, Faculty of Economics, University of Cambridge.
    24. Xi, Xican, 2023. "Multi-establishment firms, misallocation, and productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    25. Edouard Schaal & Mathieu Taschereau-Dumouchel, 2020. "Herding cycles," Economics Working Papers 1714, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    26. Alexander Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Working Papers 1486, Barcelona School of Economics.
    27. Dellas, Harris & Collard, Fabrice & Angeletos, George-Marios, 2015. "Quantifying Confidence," CEPR Discussion Papers 10463, C.E.P.R. Discussion Papers.
    28. Li, Kai & Tsou, Chi-Yang & Xu, Chenjie, 2023. "Learning and the capital age premium," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 76-90.
    29. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    30. Tatsuro Senga, 2015. "New Look at Uncertainty Shocks: Imperfect Information and Misallocation," 2015 Meeting Papers 1373, Society for Economic Dynamics.
    31. van der Geest, Jesse, 2024. "Economic effects of tax avoidance and compliance," Other publications TiSEM aaca33bf-975d-4e21-9b5f-5, Tilburg University, School of Economics and Management.
    32. Steven Chong Xiao, 2020. "Do Noisy Stock Prices Impede Real Efficiency?," Management Science, INFORMS, vol. 66(12), pages 5990-6014, December.
    33. Yongheng Hu, 2025. "Analysis Theory of Data Economy: Dataization, Technological Progress and Dynamic General Equilibrium," Papers 2507.13274, arXiv.org, revised Jul 2025.
    34. Britos, Braulio & Hernandez, Manuel A. & Robles, Miguel & Trupkin, Danilo R., 2022. "Land market distortions and aggregate agricultural productivity: Evidence from Guatemala," Journal of Development Economics, Elsevier, vol. 155(C).
    35. Eduardo Davila & Thomas Philippon, 2018. "Incompleteness Shocks," 2018 Meeting Papers 109, Society for Economic Dynamics.
    36. Schaal, Edouard & Taschereau-Dumouchel, Mathieu, 2023. "Herding through booms and busts," Journal of Economic Theory, Elsevier, vol. 210(C).
    37. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    38. van Binsbergen, Jules H. & Boons, Martijn & Opp, Christian C. & Tamoni, Andrea, 2023. "Dynamic asset (mis)pricing: Build-up versus resolution anomalies," Journal of Financial Economics, Elsevier, vol. 147(2), pages 406-431.
    39. Bandyopadhyay, Debasis & King, Ian & Tang, Xueli, 2019. "Human capital misallocation, redistributive policies, and TFP," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 309-324.
    40. Wang, Jiaxin & Huang, Xiang & Sun, Di & Xu, Rui, 2024. "Government department merger, perception of administrative barriers, and corporate investment: Evidence from China's state administration for market regulation," Finance Research Letters, Elsevier, vol. 67(PA).
    41. Melcangi, Davide & Turen, Javier, 2023. "Subsidizing startups under imperfect information," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 93-109.
    42. Benhabib, Jess & Liu, Xuewen & Wang, Pengfei, 2016. "Endogenous information acquisition and countercyclical uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 601-642.
    43. Jin, Ling & Li, Zhisheng & Lu, Lei & Ni, Xiaoran, 2023. "Does stock market rescue affect investment efficiency in the real sector?," Journal of Financial Markets, Elsevier, vol. 65(C).
    44. Gao, Lin & Hitzemann, Steffen & Shaliastovich, Ivan & Xu, Lai, 2022. "Oil volatility risk," Journal of Financial Economics, Elsevier, vol. 144(2), pages 456-491.
    45. Alexandre Kohlhas & Vladimir Asriyan, 2025. "The Macroeconomics of Data: Scale, Product Choice, and Pricing in the Information Age," Economics Series Working Papers 1073, University of Oxford, Department of Economics.
    46. M. Cecilia Bustamante & Laurent Frésard, 2021. "Does Firm Investment Respond to Peers’ Investment?," Management Science, INFORMS, vol. 67(8), pages 4703-4724, August.
    47. Amitabh Chandra & Carrie H. Colla & Jonathan S. Skinner, 2023. "Productivity Variation and Input Misallocation: Evidence from Hospitals," NBER Working Papers 31569, National Bureau of Economic Research, Inc.
    48. Hugo A. Hopenhayn, 2014. "On the Measure of Distortions," NBER Working Papers 20404, National Bureau of Economic Research, Inc.
    49. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    50. Vo, Hong & Trinh, Quoc-Dat & Le, Minh & Nguyen, Thuy-Ngan, 2021. "Does economic policy uncertainty affect investment sensitivity to peer stock prices?," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 685-699.
    51. Yongheng Hu, 2025. "How Big Data Dilutes Cognitive Resources, Interferes with Rational Decision-making and Affects Wealth Distribution ?," Papers 2508.20435, arXiv.org, revised Aug 2025.
    52. Cosmin L. Ilut & Hikaru Saijo, 2016. "Learning, Confidence, and Business Cycles," NBER Working Papers 22958, National Bureau of Economic Research, Inc.
    53. Robert J. Kurtzman & David Zeke, 2016. "Accounting for Productivity Dispersion over the Business Cycle," Finance and Economics Discussion Series 2016-045, Board of Governors of the Federal Reserve System (U.S.).
    54. Yang, Mian & Yang, Fuxia & Sun, Chuanwang, 2018. "Factor market distortion correction, resource reallocation and potential productivity gains: An empirical study on China's heavy industry sector," Energy Economics, Elsevier, vol. 69(C), pages 270-279.
    55. Vladimir Asriyan & Alexandre Kohlhas, 2025. "The macroeconomics of data: Scale, product choice, and pricing in the information age," Economics Working Papers 1904, Department of Economics and Business, Universitat Pompeu Fabra.
    56. Jose Asturias & Jack Rossbach, 2023. "Grouped Variation In Factor Shares: An Application To Misallocation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(1), pages 325-360, February.
    57. Francesco Bianchi & Cosmin Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," ISER Discussion Paper 1249, Institute of Social and Economic Research, The University of Osaka.
    58. Venky Venkateswaran & Joel David, 2017. "Capital Misallocation: Frictions or Distortions?," 2017 Meeting Papers 1636, Society for Economic Dynamics.
    59. Shuo Zhou & Suqing Shao, 2024. "Can co-ordination advancement of two-way FDI improve resource misallocation? Evidence from 285 cities in China," PLOS ONE, Public Library of Science, vol. 19(7), pages 1-18, July.
    60. Jung Ho Choi, 2021. "Accrual Accounting and Resource Allocation: A General Equilibrium Analysis," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 59(4), pages 1179-1219, September.
    61. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    62. Ding Dong & Zheng Liu & Pengfei Wang, 2025. "Turbulent Business Cycles," Working Paper Series 2021-22, Federal Reserve Bank of San Francisco.
    63. Tang, Maogang & Liu, Yinlin & Hu, Fengxia & Wu, Baijun, 2023. "Effect of digital transformation on enterprises' green innovation: Empirical evidence from listed companies in China," Energy Economics, Elsevier, vol. 128(C).
    64. Veldkamp, Laura & Farboodi, Maryam, 2018. "Long Run Growth of Financial Data Technology," CEPR Discussion Papers 13278, C.E.P.R. Discussion Papers.
    65. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    66. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.
    67. Alessandro Ruggieri & Nezih Guner, 2022. "Misallocation and Inequality," Working Papers 1334, Barcelona School of Economics.
    68. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    69. Pellegrino, Bruno & Zheng, Geoffery, 2024. "Quantifying the impact of red tape on investment: A survey data approach," Journal of Financial Economics, Elsevier, vol. 152(C).
    70. Chen, Cheng & Senga, Tatsuro & Sun, Chang & Zhang, Hongyong, 2023. "Uncertainty, imperfect information, and expectation formation over the firm’s life cycle," Journal of Monetary Economics, Elsevier, vol. 140(C), pages 60-77.
    71. Jules Depersin & B'ereng`ere Patault, 2023. "Revisiting the effect of search frictions on market concentration," Papers 2303.01824, arXiv.org.
    72. Kabir, Poorya & Tan, Eugene & Vardishvili, Ia, 2025. "Quantifying the allocative efficiency of capital: The role of capital utilization," Journal of Monetary Economics, Elsevier, vol. 155(C).
    73. Jules H. van Binsbergen & Christian C. Opp, 2017. "Real Anomalies," NBER Working Papers 23238, National Bureau of Economic Research, Inc.
    74. Zhu, Qingyuan & Xu, Chengzhen & Chen, Qingjuan & Wu, Liangpeng, 2024. "Oil price distortion and its impact on green economic efficiency in China’s transportation: A spatial effect perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    75. Hu, Weiwei & Li, Kai & Xu, Yiming, 2023. "Leasing and the allocation efficiency of finance," Journal of Empirical Finance, Elsevier, vol. 74(C).
    76. Joel M. David & Venky Venkateswaran, 2016. "Frictional Investment and the Sources of Misallocation," Working Papers 16-13, New York University, Leonard N. Stern School of Business, Department of Economics.
    77. Paul Levine & Joseph Pearlman & Stephen Wright & Bo Yang, 2023. "Imperfect Information and Hidden Dynamics," School of Economics Discussion Papers 1223, School of Economics, University of Surrey.
    78. Itay Goldstein & Liyan Yang, 2022. "Commodity Financialization and Information Transmission," Journal of Finance, American Finance Association, vol. 77(5), pages 2613-2667, October.
    79. Wang, Shuhong & Zhao, Danqing & Chen, Hanxue, 2020. "Government corruption, resource misallocation, and ecological efficiency," Energy Economics, Elsevier, vol. 85(C).
    80. Tian, Can, 2022. "Learning and firm dynamics in a stochastic equilibrium," Journal of Economic Theory, Elsevier, vol. 203(C).
    81. Duan, Yu & Xi, Bin & Xu, Xin & Xuan, Siyuan, 2024. "The impact of government subsidies on green innovation performance in new energy enterprises: A digital transformation perspective," International Review of Economics & Finance, Elsevier, vol. 94(C).
    82. Lyu, Yanwei & Xiao, Xuan & Zhang, Jinning, 2024. "Does the digital economy enhance green total factor productivity in China? The evidence from a national big data comprehensive pilot zone," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 183-196.
    83. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.

  10. Vaidyanathan Venkateswaran & Hugo A. Hopenhayn & Joel David, 2013. "The Informativeness of Stock Prices, Misallocation and Aggregate Productivity," 2013 Meeting Papers 455, Society for Economic Dynamics.

    Cited by:

    1. Shenoy, Ajay, 2017. "Market failures and misallocation," Journal of Development Economics, Elsevier, vol. 128(C), pages 65-80.
    2. Tatsuro Senga & Julia Thomas & Aubhik Khan, 2017. "Default Risk and Aggregate Fluctuations in an Economy with Production Heterogeneity," 2017 Meeting Papers 889, Society for Economic Dynamics.
    3. Matthias Meier & Ariel Mecikovsky & Christian Bayer, 2014. "Dynamics of Factor Productivity Dispersions," 2014 Meeting Papers 719, Society for Economic Dynamics.

  11. Joel David, 2012. "The Aggregate Implications of Mergers and Acquisitions," 2012 Meeting Papers 1178, Society for Economic Dynamics.

    Cited by:

    1. Nishihara, Michi, 2023. "Target-initiated takeover with search frictions," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1480-1497.
    2. Andrea Caggese & Ander Pérez-Orive, 2018. "Capital misallocation and secular stagnation," Economics Working Papers 1637, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2019.
    3. Wößner, Nicole & Stiebale, Joel, 2017. "M&As, Investment and Financing Constraints," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168064, Verein für Socialpolitik / German Economic Association.
    4. Serguey Braguinsky & Atsushi Ohyama & Tetsuji Okazaki & Chad Syverson, 2014. "Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry," NBER Working Papers 19901, National Bureau of Economic Research, Inc.
    5. Xiaoxu Zhang & Yu Song & Hongyu Liu, 2023. "Too Much of a Good Thing? The Impact of Serial M&A on Innovation Performance," Sustainability, MDPI, vol. 15(12), pages 1-23, June.
    6. Theodosios Dimopoulos & Stefano Sacchetto, 2014. "Merger Activity in Industry Equilibrium," GSIA Working Papers 2012-E47, Carnegie Mellon University, Tepper School of Business.
    7. Xu, Jianhuan, 2017. "Growing through the merger and acquisition," Journal of Economic Dynamics and Control, Elsevier, vol. 80(C), pages 54-74.
    8. Stiebale, Joel, 2015. "Cross-Border M&As and Innovative Activity of Acquiring and Target Firms," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112898, Verein für Socialpolitik / German Economic Association.
    9. Huang, Jingong & Xie, Taojun, 2023. "Technology centrality, bilateral knowledge spillovers and mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 79(C).
    10. Chlond, Bettina & Germeshausen, Robert, 2024. "Impacts of ownership changes on emissions and industrial production: Evidence from Europe," ZEW Discussion Papers 23-016, ZEW - Leibniz Centre for European Economic Research, revised 2024.
    11. Galina Besstremyannaya & Richard Dasher & Sergei Golovan, 2018. "Growth through acquisition of innovations," Working Papers w0247, New Economic School (NES).
    12. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    13. Phansatarn, Thunwar & Srinuan, Chalita, 2024. "Analysis of Thailand's fixed broadband internet services demand: A merger screening of AIS and 3BB," Telecommunications Policy, Elsevier, vol. 48(2).
    14. Jackie M. L. Chan & Han (Steffan) Qi, 2025. "Mergers, Firm Size, and Volatility in a Granular Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 55, January.
    15. Stiebale, Joel & Vencappa, Dev, 2016. "Acquisitions, markups, efficiency, and product quality: Evidence from India," DICE Discussion Papers 229, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    16. Berger, David & Hasenzagl, Thomas & Herkenhoff, Kyle & Mongey, Simon & Posner, Eric A., 2025. "Merger guidelines for the labor market," Journal of Monetary Economics, Elsevier, vol. 153(C).
    17. Veronica Rappoport & Catherine Thomas & Bernard Salanie & Maria Guadalupe, 2013. "The Perfect Match: Assortative Matching in International Acquisitions," 2013 Meeting Papers 1000, Society for Economic Dynamics.
    18. Wei, Baiyang & Sun, Ye, 2024. "The impact of mispricing and growth opportunities on mergers and acquisitions of public companies from the behavioral theory of the firm," Finance Research Letters, Elsevier, vol. 63(C).
    19. Todd, Kevin & Heining, Jörg, 2024. "The labor market impacts of employer consolidation: Evidence from Germany," Labour Economics, Elsevier, vol. 87(C).
    20. Cun, Wukuang, 2022. "Endogenous lemons markets and information cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 141(C).
    21. Wildmer Daniel Gregori & Udichibarna Bose, 2023. "Does green transition promote green innovation and technological acquisitions?," Working Papers w202305, Banco de Portugal, Economics and Research Department.
    22. Galina Besstremyannaya & Richard Dasher & Sergei Golovan, 2019. "Growth through acquisition of innovations," Working Papers w0247, Center for Economic and Financial Research (CEFIR).

Articles

  1. Joel M. David & François Gourio, 2023. "The Rise of Intangible Investment and the Transmission of Monetary Policy," Chicago Fed Letter, Federal Reserve Bank of Chicago, vol. 0, pages 1-8, August.

    Cited by:

    1. Atsuki Hirata & Yusuke Takahashi & Naoya Kato, 2025. "Interest Rate Sensitivity of Capital Investment in Japan: An Analysis Using Panel LP-IV," Bank of Japan Working Paper Series 25-E-13, Bank of Japan.
    2. Klaus Abberger & Alexander Rathke & Samad Sarferaz & Pascal Seiler, 2025. "Monetary Policy Shocks and Firms' Investment Decisions," CESifo Working Paper Series 12099, CESifo.

  2. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    See citations under working paper version above.
  3. Joel M. David, 2021. "Has Covid-19 been a “reallocation recession”?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 452, pages 1-8, March.

    Cited by:

    1. Niels Gillmann & Andreas Maas & Antje Weyh, 2023. "Berufliche Mobilität vor und während der Corona-Pandemie," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 30(01), pages 03-10, February.

  4. Joel M David & Venky Venkateswaran & Ana Paula Cusolito & Tatiana Didier, 2021. "Capital Allocation in Developing Countries," The World Bank Economic Review, World Bank, vol. 35(4), pages 1102-1121.

    Cited by:

    1. Byrne, Stephen & Goodhead, Robert, 2025. "The Sources of Capital Misallocation in Europe," Research Technical Papers 11/RT/25, Central Bank of Ireland.
    2. Ana Paula Cusolito & Roberto N. Fattal Jaef & Fausto Andres Patino Pena & Singh,Akshat Vikram, 2024. "The Financial Premium and Real Cost of Bureaucrats in Businesses," Policy Research Working Paper Series 10929, The World Bank.
    3. Le Tang & Jun Zhang & Jim Huangnan Shen, 2024. "Capital misallocation in Chinese industrial firms," Scottish Journal of Political Economy, Scottish Economic Society, vol. 71(1), pages 75-100, February.

  5. Joel M David, 2021. "The Aggregate Implications of Mergers and Acquisitions [Innovation, Reallocation, and Growth]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1796-1830.
    See citations under working paper version above.
  6. Tanaka, Mari & Bloom, Nicholas & David, Joel M. & Koga, Maiko, 2020. "Firm performance and macro forecast accuracy," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 26-41.
    See citations under working paper version above.
  7. Joel M. David, 2020. "Will the Covid-19 pandemic lead to job reallocation and persistent unemployment?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 444, pages 1-6, August.

    Cited by:

    1. Mr. Geoffrey J Bannister & Mr. Harald Finger & Siddharth Kothari & Ms. Elena Loukoianova, 2020. "Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand," IMF Working Papers 2020/272, International Monetary Fund.

  8. Joel M. David & Venky Venkateswaran, 2019. "The Sources of Capital Misallocation," American Economic Review, American Economic Association, vol. 109(7), pages 2531-2567, July.
    See citations under working paper version above.
  9. Joel M. David & Hugo A. Hopenhayn & Venky Venkateswaran, 2016. "Information, Misallocation, and Aggregate Productivity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 943-1005.
    See citations under working paper version above.
  10. David, Joel M. & Simonovska, Ina, 2016. "Correlated beliefs, returns, and stock market volatility," Journal of International Economics, Elsevier, vol. 99(S1), pages 58-77.
    See citations under working paper version above.

Chapters

  1. Joel M. David & Ina Simonovska, 2016. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Chapters, in: NBER International Seminar on Macroeconomics 2015, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.