09
APR
2024
14:15
- 15:45
IWH Research Seminar
Uncertainty-induced Reallocations, Innovation and Growth
Who
Mariano Massimiliano Croce
(Bocconi University)
Where
via Zoom
Focusing on both micro and aggregate U.S. data, we document the existence of a significant link between aggregate uncertainty, capital market valuations and reallocation of resources away from risky R&D-intensive capital.