Jacopo Ponticelli

Associate Professor of Finance (without tenure)
Kellogg School of Management, Northwestern University

Global Hub, Office 4485
2211 Campus Dr, Evanston, IL 60208

CV GoogleScholar SSRN OfficialWebpage


"Capital Accumulation and Structural Transformation" (with Paula Bustos and Gabriel Garber)
Quarterly Journal of Economics, forthcoming 2020
[Paper] [doi] [Coverage: Kellogg Insight]

"Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008" (with Joachim Voth)
Journal of Comparative Economics, 48(1): 1-19, 2020.
[Paper] [doi] [Coverage: The Economist, Freakonomics, Time Magazine, The Atlantic]

"Credit Allocation under Economic Stimulus: Evidence from China" (with Will Cong, Haoyu Gao, and Xiaoguang Yang)
Review of Financial Studies, 32(9): 3412–3460, 2019.
[Paper] [doi] [Coverage: Bloomberg View, Bloomberg Opinion, Vox China, Chicago Booth Review ]
2017 China Financial Research Conference Best Paper Award

"Household Debt and Recession in Brazil" (with Gabriel Garber, Atif Mian and Amir Sufi)
Handbook of U.S. Consumer Economics, 2019.
[Paper] [NBER WP version] [Coverage: New York Times, Chicago Booth Review]

"Court Enforcement, Bank Loans and Firm Investment: Evidence from a Bankruptcy Reform in Brazil" (with Leonardo S. Alencar)
Quarterly Journal of Economics, 131(3): 1365-1413, 2016.
[Paper] [doi] [Web Appendix] [Coverage: Folha de Sao Paulo]
Central Bank of Brazil - Best Working Paper Award 2017 (First Prize)

"Agricultural Productivity and Structural Transformation: Evidence from Brazil" (with Paula Bustos and Bruno Caprettini)
American Economic Review, 106(6): 1320-1365, 2016.
[Paper] [doi] [Web Appendix] [Replication Files] [Coverage: BGSE Focus]

Working Papers

"Information, Technology Adoption and Productivity: The Role of Mobile Phones in Agriculture" (with Apoorv Gupta and Andrea Tesei)
[Paper version: February 2020]

"Structural Transformation, Industrial Specialization and Endogenous Growth" (with Paula Bustos, J.M. Castro Vincenzi, and Joan Monras)
[Paper version: May 2019] [CEPR DP version]

"Going Bankrupt in China" (with Bo Li)
[Paper version: May 2019] [Coverage: Harvard Law School, Oxford Business Law Blog, The Economic Times]
2019 China Financial Research Conference Best Paper Award

"Caught with the Hand in the Cookie Jar: Firm Growth and Labor Reallocation after Exposure of Corrupt Practices" (with S. Lagaras and M. Tsoutsoura)
[Paper version: November 2017]