Economics and Business Working Papers Series

 

Working papers, en accés obert, del Departament d'Economia i Empresa de la UPF.

Enviaments recents

  • Dow, William H.; Philipson, Tomas; Sala-i-Martin, Xavier; Holmes, Jessica (1997-01-01)
    Applying the competing--risks model to multi--cause mortality, this paper provides a theoretical and empirical investigation of the positive complementarities that occur between disease--specific policy interventions. ...
  • Arruñada, Benito (2017-01-18)
    The paper identifies what value blockchain adds to the contractual and property processes, exploring its potential and analyzing the main difficulties it is facing. It argues that, contrary to naive conceptions that proclaim ...
  • Medrano, Luis A.; Vives, Xavier (1997-09-01)
    The paper analyzes the effects of strategic behavior by an insider in a price discovery process, akin to an information tatonnement, in the presence of a competitive informed sector. Such processes are used in the ...
  • Andrade, Philippe; Galí, Jordi; Le Bihan, Hervé; Matheron, Julien (2017-12-11)
    We study how changes in the value of the steady-state real interest rate affect the optimal inflation target, both in the U.S. and the euro area, using an estimated New Keynesian DSGE model that incorporates the zero (or ...
  • Arruñada, Benito (2015-03-01)
    I analyze the basis of the market economy in classical Rome, from the perspective of personal-versus-impersonal exchange and focusing on the role of the state in providing market-enabling institutions. I start by reviewing ...
  • Ponzetto, Giacomo A. M.; Glaeser, Edward L. (2017-01-01)
    Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of infrastructure policy in which politicians overdo things that have hidden costs and underperform tasks ...
  • Germano, Fabrizio; Sobbrio, Francesco (2016-12-31)
    Ranking algorithms are the information gatekeepers of the Internet era. We develop a stylized framework to study the effects of ranking algorithms on opinion dynamics. We consider rankings that depend on popularity and on ...
  • Baley, Isaac; Ljungqvist, Lars; Sargent, Thomas J. (2018-01-31)
    Ljungqvist and Sargent (1998, 2008) show that worse skill transition probabilities for workers who suffer involuntary layoffs (i.e., increases in turbulence) generate higher unemployment in a welfare state. den Haan, Haefke ...
  • Cerigioni, Francesco (2016-09-14)
    Evidence from cognitive sciences shows that some choices are conscious and re ect individual prefer- ences while others tend to be intuitive, driven by analogies with past experiences. Under these circum- stances, usual ...
  • Arruñada, Benito (2017-05-26)
    Inspired by comments made by Allen (2017), Lueck (2017), Ménard (2017) and Smith (2017), this response clarifies and deepens the analysis in Arruñada (2017a). Its main argument is that to deal with the complexity of property ...
  • Baskaya, Yusuf Soner; di Giovanni, Julian; Kalemli-Özcan, Sebnem; Peydró, José-Luis; Ulu, Mehmet Fatih (2017-01-01)
    We examine the role of the international credit channel in Turkey over 2005-2013. We show that larger, more capitalised banks with higher non-core liabilities increase credit supply when capital inflows are higher. This ...
  • Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio (2016-12-16)
    Predictions under common knowledge of payoffs may differ from those under arbitrarily, but finitely, many orders of mutual knowledge; Rubinstein's (1989) Email game is a seminal example. Weinstein and Yildiz (2007) showed ...
  • Galí, Jordi (2016-12-01)
    I develop an extension of the New Keynesian model that features overlapping generations of finitely-lived agents. In contrast with the standard model, the proposed framework allows for the existence of rational expectations ...
  • Garcia Montalvo, José; Raya, Josep M. (2017-12-01)
    The introduction of limits or regulatory penalties on high LTV ratios for residential mortgages is one of the most frequently used tools of macroprudential policy. The available evidence seems to indicate that this instrument ...
  • Glitz, Albrecht; Meyersson, Eric (2017-08-01)
    In this paper, we investigate the economic returns to industrial espionage by linking information from East Germany s foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and ...
  • Asriyan, Vladimir; Fuchs, William; Green, Brett (2017-07-03)
    How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a dynamic setting, in which sellers have private information that is correlated ...
  • Asriyan, Vladimir; Fuchs, William; Green, Brett (2017-10-09)
    We study a dynamic market for durable assets, in which asset owners are privately informed about the quality of their assets and experience occasional productivity shocks that generate gains from trade. An important feature ...
  • Baskaya, Yusuf Soner; di Giovanni, Julian; Kalemli-Özcan, Sebnem; Ulu, Mehmet Fatih (2017-02-01)
    Most capital inflows are intermediated by domestic banks. We use transaction-level data on bank credit to estimate the causal impact of capital infl ows on lending. The key mechanism is a failure of UIP, where capital ...
  • Arruñada, Benito (2017-01-01)
    The contractual, single-exchange framework in Coase (1960) contains the implicit assumption that exchange in property rights does not affect future transaction (i.e., trading) costs. This is pertinent for analyzing use ...
  • Niño-Mora, José (1998-03-01)
    We present a new unifying framework for investigating throughput-WIP (Work-in-Process) optimal control problems in queueing systems, based on reformulating them as linear programming (LP) problems with special structure: ...

Mostra'n més