Browsing by Author "Ventura, Jaume"

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  • A global view of economic growth
    Ventura, Jaume (2005-03-01)
    This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of ...
  • A theory of economic unions
    Gancia, Gino A.; Ponzetto, Giacomo A. M.; Ventura, Jaume (2019-08-01)
    After decades of successful growth, economic unions have recently become the focus of heightened political controversy. We argue that this is partly due to the growth of trade between countries that are increasingly ...
  • A theory of economic unions
    Gancia, Gino A.; Ponzetto, Giacomo A. M.; Ventura, Jaume (Elsevier, 2020)
    After decades of successful growth, economic unions have recently become the focus of heightened political controversy. To understand why, we develop a theoretical model of the effects on trade, income distribution and ...
  • Asset bubbles and sudden stops in a small open economy
    Martin, Alberto; Ventura, Jaume (2014-09-01)
    We live in a new world economy characterized by financial globalization and historically low interest rates. This paper presents a simple analytical framework that helps us understand how this new world economy works from ...
  • Asset bubbles and sudden stops in a small open economy
    Martin, Alberto, 1974-; Ventura, Jaume (Banco Central de Chile, 2015)
    We live in a new world economy characterized by financial globalization and historically low interest rates. This paper presents a simple analytical framework that helps us understand how this new world economy works from ...
  • Borders within Europe
    Santamaría, Marta (Santamaría Monturiol); Ventura, Jaume; Yeşilbayraktar, Uğur (2023-02)
    Are country borders still an impediment to trade flows within Europe? Using a microlevel survey with 3 million annual shipments of goods, we construct a matrix of bilateral trade for 269 European regions. Take two similar ...
  • Bubbles and capital flows
    Ventura, Jaume (2002-10-01)
    This paper presents a stylized model of international trade and asset price bubbles. Its central insight is that bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. ...
  • Comparative advantage and the cross-section of business cycles
    Kray, Aart; Ventura, Jaume (2001-01-01)
  • Country portfolios
    Kraay, Aart; Loayza, Norman; Servén, Luis; Ventura, Jaume (2000-10-01)
    Capital flows to developing countries are small and are mostly take the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between ...
  • Debt into growth: How sovereign debt accelerated the first Industrial Revolution
    Ventura, Jaume; Voth, Hans-Joachim (2015-05-01)
  • Economic growth with bubbles
    Martin, Alberto, 1974-; Ventura, Jaume (2003-11-01)
    We develop a stylized model of economic growth with bubbles. In this model, changes in investor sentiment lead to the appearance and collapse of macroeconomic bubbles or pyramid schemes. We show how these bubbles mitigate ...
  • Enforcement problems and secondary markets
    Broner, Fernando; Martin, Alberto, 1974-; Ventura, Jaume (2007-08-01)
  • Essays in international finance
    Pina, Gonçalo (Universitat Pompeu Fabra, 2013-01-21)
    This thesis investigates two economic policy dimensions in contemporary world economy. The first chapter focuses on the recent accumulation of international reserves by central banks in developing economies. I present ...
  • Essays in macroeconomics and financial markets
    Queirós, Francisco (Universitat Pompeu Fabra, 2018-06-26)
    This thesis is composed of three independent articles. The first two chapters are on the topic of asset bubbles. In the first chapter, I study the interactions between rational asset bubbles and product market competition. ...
  • Essays on debt and speculation
    Heineken, Janko (Universitat Pompeu Fabra, 2021-10-15)
    My dissertation consists of three essays with the common theme of analyzing economic models of financial assets markets featuring heterogeneous market participants and testing the predictions of these models empirically. ...
  • Essays on emerging markets
    Ordeñana Rodríguez, Xavier (Universitat Pompeu Fabra, 2015-12-04)
    This thesis presents three essays on emerging Markets, with a special emphasis in Ecuador. The thesis uses both individual level (Chapter 1) and firm level data (Chapter 2) from Ecuador. Using dynamic pseudo panels, the ...
  • Essays on firm dynamics and financial markets
    Tang, Haozhou (Universitat Pompeu Fabra, 2017-12-11)
    This thesis aims to better understand the interplay between financial markets and firm dynamics. In the first chapter I study the firm-level implications of asset bubbles. I relax the no-Ponzi-game condition in a model with ...
  • Essays on industry dynamics and misallocation
    Liu, Shangyu (Universitat Pompeu Fabra, 2020-10-16)
    This thesis explores the linkages among resource allocation, industry dynamics, and asset price bubbles in China. In the first chapter, I break the source of misallocation into four groups: uncertainty, ownership difference, ...
  • Essays on information and competition in banking and service industries
    Petriconi, Silvio (Universitat Pompeu Fabra, 2014-10-10)
    This thesis investigates the relation between information and competition in two particular settings. In the first chapter, I ask which screening and lending choices banks make if their loan offers can be observed by ...
  • Essays on infraestructure and economic growth
    Yang, Guohao (Universitat Pompeu Fabra, 2019-10-23)
    This thesis aims to better understand China’s structural change and productivity growth in recent decades. In the first chapter, I study the impact of infrastructure, i.e, highway construction, on China’s participation in ...