Bank market power shapes firm investment and financing dynamics and hence affects the
transmission of macroeconomic shocks. Motivated by a secular increase in the …

Motivated by a secular increase in the concentration of the US banking industry, I develop a
new macroeconomic model with oligopolistic financial intermediaries and heterogeneous …

This dissertation has three independent essays. The first essay “Macro Shocks and Firm
Dynamics with Oligopolistic Financial Intermediaries” studies the macroeconomic effects of …