How do frictions associated with idea-based, 'intangible' capital shape firm dynamics, innovative activity and the distribution of their rewards? I isolate and

This book advances our knowledge on intangibles and their role in productivity growth, presenting a unique multi-level perspective. It encompasses micro, meso,

Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates ac

We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset pri