The role of leverage in explaining firm-level responses to monetary policy changed around
the financial crisis of 2007-09. The stock price of firms with high leverage was less …

We provide new evidence on how ECB's monetary policy decisions affect firms' bank loan
expectations in the euro area. We use firm-level data derived from the ECB Survey on the …

Firms' sensitivities to business cycles differ by size and age. The differences are large:"
young and small firms" are more cyclical than large firms, whereas" old and small" firms are …

We study the heterogeneous effects of monetary policy on the labor market of large and
small firms in the United States. We uncover the following facts:(i) Expansionary monetary …

This thesis contains three independent essays studying the role of firm heterogeneity in the
transmission of macroeconomic shocks and policies to the economy. In the first chapter …

We study the effects of monetary policy on the labor market in small and large firms in the US
We find that a monetary contraction reduces small firms' employment and hiring growth less …

I provide evidence on the effect of monetary policy shocks on research and development
(R&D) in setting with and without firm-specific variables. I identify monetary shocks by …

La industria manufacturera de una economía es uno de los principales motores de
crecimiento y desarrollo económico y social de un país. En lo que respecta a España, según …