Research

Working Papers

Temperature, Adaptation and Local Industry Concentration
(with Qiping Xu and Stefan Zeume)
Paper Vox EU Column Kellogg Insight
The Effects of Climate Change on Labor and Capital Reallocation
(with Christoph Albert and Paula Bustos)
Paper Vox EU Column PRI Blog
Industrialization without Innovation
(with Paula Bustos, Juanma Castro Vincenzi, and Joan Monras)
Paper
The International Transmission of Democratic Values: Evidence from the African Diaspora
(with Marco Manacorda and Andrea Tesei)
Paper
Pricing the Priceless: The Financial Cost of Biodiversity Conservation
(with Fukang Chen, Minhao Chen, Lin William Cong and Haoyu Gao)
Paper

Working Papers under Review

Information Frictions and Take-up of Government Credit Programs
(with Pulak Ghosh, Apoorv Gupta and Andrea Tesei)
R&R at the Review of Financial Studies
Paper
Eclipses and the Memory of Revolutions: Evidence from China
(with Meng Miao and Yi Shao)
R&R at the AEJ: Applied Economics
Paper

Publications

Language Barriers, Technology Adoption and Productivity: Evidence from Agriculture in India
(with Apoorv Gupta and Andrea Tesei)
Review of Economics and Statistics, Forthcoming
Paper
Coverage: The World Bank Blog, Kellogg Insight, Ideas for India, ThePrint
Consumption Smoothing or Consumption Binging? The effects of government-led consumer credit expansion in Brazil
(with Gabriel Garber, Atif Mian and Amir Sufi)
Journal of Financial Economics, 156, 2024
Paper Appendix doi
The Labor Effects of Judicial Bias in Bankruptcy
(with A. Araujo, R. Ferreira, S. Lagaras, Flavio Moraes and M. Tsoutsoura)
Journal of Financial Economics, 150(2), 2023
Paper Appendix doi
Revealing Corruption: Firm and Worker Level Evidence from Brazil
(with E. Colonnelli, S. Lagaras, M. Prem and M. Tsoutsoura)
Journal of Financial Economics, 143(3), 2022
Paper Appendix doi
Going Bankrupt in China
(with Bo Li)
Review of Finance, 26(3): 449-486, 2022
Paper doi Court Introduction Data
Coverage: Harvard Law School, Oxford Business Law Blog, The Economic Times
Capital Accumulation and Structural Transformation
(with Paula Bustos and Gabriel Garber)
Quarterly Journal of Economics, 135(2): 1037–1094, 2020
Paper Appendix doi Replication Files
Coverage: Kellogg Insight
Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008
(with Joachim Voth)
Journal of Comparative Economics, 48(1): 1-19, 2020
Paper doi
Coverage: The Economist, Freakonomics, Time Magazine, The Atlantic
Credit Allocation under Economic Stimulus: Evidence from China
(with Lin William Cong, Haoyu Gao, and Xiaoguang Yang)
Review of Financial Studies, 32(9): 3412–3460, 2019
Paper doi
Coverage: The Economist, Bloomberg View, Bloomberg Opinion, Vox China, Chicago Booth Review
Court Enforcement, Bank Loans and Firm Investment: Evidence from a Bankruptcy Reform in Brazil
(with Leonardo S. Alencar)
Quarterly Journal of Economics, 131(3): 1365-1413, 2016
Paper Appendix doi
Coverage: Folha de Sao Paulo
Agricultural Productivity and Structural Transformation: Evidence from Brazil
(with Paula Bustos and Bruno Caprettini)
American Economic Review, 106(6): 1320-1365, 2016
Paper Appendix doi Replication Files
Coverage: BGSE Focus

Other Publications

Debt and Bankruptcy Resolution in China
(with Edith Hotchkiss, Kose John, Bo Li, and Wei Wang)
Annual Review of Financial Economics, 15:369-385, 2023
Paper
Household Debt and Recession in Brazil
(with Gabriel Garber, Atif Mian and Amir Sufi)
Handbook of U.S. Consumer Economics, 2019
Paper
Coverage: New York Times, Chicago Booth Review
A New Dataset on Mincerian Returns
(with Francesco Caselli and Federico Rossi)
in Francesco Caselli, Technology Differences over Space and Time, 2016, Princeton University Press
Paper Dataset References to Data Sources