Browsing by Author "Ulbricht, Robert"

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  • Straub, Ludwig; Ulbricht, Robert (2017-03)
    We develop a theory of endogenous uncertainty where the ability of investors to learn about firm-level fundamentals declines during financial crises. At the same time, higher uncertainty reinforces financial distress of ...
  • Baley, Isaac; Figueiredo, Ana; Ulbricht, Robert (2020-01-31)
    This paper studies the dynamics of skill mismatch over the business cycle. We build a tractable directed search model, in which workers differ in skills along multiple dimensions and sort into jobs with heterogeneous skill ...