09
Apr
2024
14:15
- 15:45
IWH Research Seminar
Uncertainty-Induced Reallocations, Innovation and Growth
Who
Mariano Massimiliano Croce
(Bocconi University)
Where
IWH, conference room and 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.