Economics and Business Working Papers Series: Recent submissions

  • Barro, Robert J.; Sala-i-Martin, Xavier (1994-06-01)
    Suport Tecnologic a la Recerca Pàgina no trobada L'adreça de la pàgina a la qual voleu accedir no és correcta, o bé la destinació d'aquest enllaç ha canviat d'adreça. Podeu enviar un missatge al webmàster tot indicant quina ...
  • Hurkens, Sjaak; Vulkan, Nir (1996-02-01)
    Before firms decide whether to enter a new market or not, they have the opportunity to buy information about several variables that might affect the profitability of this market. Our model differs from the existing literature ...
  • Garcia-Milà, Teresa; McGuire, Therese J. (1992-01-01)
    Suport Tecnologic a la Recerca Pàgina no trobada L'adreça de la pàgina a la qual voleu accedir no és correcta, o bé la destinació d'aquest enllaç ha canviat d'adreça. Podeu enviar un missatge al webmàster tot indicant quina ...
  • Broner, Fernando; Clancy, Daragh; Martin, Alberto; Erce, Aitor (2017-12-01)
    This paper explores a natural connection between fiscal multipliers and foreign holdings of public debt. Although fiscal expansions can raise domestic economic activity through various channels, they can also have crowding-out ...
  • Alaoui, Larbi; Penta, Antonio (2018-10-08)
    When an individual thinks about a problem, his decision to reason further may involve a tradeo between cognitive costs and a notion of value. But it is not obvious that this is always the case, and the value of reasoning ...
  • Arruñada, Benito (2019-11-01)
    Experience is a major source of knowledge. Could institutions be improved by eliciting the additional knowledge held by experienced individuals? I show here that in several areas of the law experienced individuals are more ...
  • Amat Salas, Oriol; Antón Renart, Marcos; García, María José (2013-07-01)
    The study herein discusses research aimed at elucidating the factors that contribute to a business' ability to maintain high growth. The database from the Iberian Balance Sheet Analysis System (SABI, from its initials in ...
  • Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (2012-05-01)
    To study the impact of macroprudential policy on credit supply cycles and real effects, we analyze dynamic provisioning, which implies pro-cyclical bank capital regulation. Introduced in Spain in 2000, revised four times ...
  • Irani, Rustom M.; Iyer, Rajkamal; Meisenzahl, Ralf R.; Peydró, José-Luis (2018-04-30)
    We investigate the connections between bank capital regulation and the prevalence of lightly regulated nonbanks (shadow banks) in the U.S. corporate loan market. For identification, we exploit a supervisory credit register ...
  • García-Santana, Manuel; Pijoan-Mas, Josep; Villacorta, Lucciano (2019-08-01)
    In this paper we study the joint evolution of the investment rate and the sectoral composition of developing economies. Using panel data for several countries in different stages of development we document three novel ...
  • Coles, Melvyn G.; Eeckhout, Jan (2000-02-01)
    A model of directed search with a finite number of buyers and sellers is considered, where sellers compete in direct mechanisms. Buyer heterogeneity and Nash equilibrium results in perfect sorting. The restriction to ...
  • Gabriel, Jiménez; Mian, Atif; Peydró, José-Luis; Saurina, Jesús (2014-11-01)
    We study bank credit booms, exploiting the Spanish matched credit register over 2001-2009. We extend Khwaja and Mian (2008) s loan-level estimator by incorporating firm-level general equilibrium adjustments. Higher ex-ante ...
  • González Luna, Libertad; Trommlerová, Sofia (2020-02-01)
    We study the effects of a universal child benefit on fertility, identifying separately the effects driven by conceptions and abortions. We focus on a generous lump-sum maternity allowance that was introduced in Spain in ...
  • González Luna, Libertad; Jiménez-Martín, Sergi; Nollenberger, Natalia; Vall-Castelló, Judit (2018-04-01)
    We evaluate the short- and long-term effects for women of access to subsidized, legal abortion by exploiting the Spanish legalization of abortion in 1985. Using birth records and survey data, we find robust evidence that ...
  • Asriyan, Vladimir (2014-10-01)
    We consider a model of the balance sheet channel à la Kiyotaki and Moore (1997) but allow agents to trade claims contingent on aggregate states. We show that the interaction of information dispersion about aggregate states ...
  • Germano, Fabrizio; Lugosi, Gábor (2004-10-01)
    We construct an uncoupled randomized strategy of repeated play such that, if every player follows such a strategy, then the joint mixed strategy profiles converge, almost surely, to a Nash equilibrium of the one-shot game. ...
  • Cerigioni, Francesco; Germano, Fabrizio; Rey-Biel, Pedro; Zuazo-Garin, Peio (2019-08-10)
    Suport Tecnologic a la Recerca Pàgina no trobada L'adreça de la pàgina a la qual voleu accedir no és correcta, o bé la destinació d'aquest enllaç ha canviat d'adreça. Podeu enviar un missatge al webmàster tot indicant quina ...
  • Jimenez, Gabriel; Ongena, Stevem; Peydró, José-Luis; Saurina, Jesús (2017-03-01)
    We identify the impact of short-term interest rates on credit risk-taking in the short and long run by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was ...
  • Ollár, Mariann; Penta, Antonio (2019-11-06)
    We consider mechanism design environments in which agents commonly know that types are identically distributed across agents, but without assuming that the actual distribution is common knowledge, nor that it is known to ...
  • 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 ...

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