• A unique informationally efficient and decentralized mechanism with fair outcomes

  Calsamiglia, Xavier; Kirman, Alan (1991-11-01)
• Import pricing, domestic pricing and market structure

  Giovannetti, Giorgia (1993-08-01)
• The classical approach to convergence analysis

  Sala-i-Martin, Xavier (1995-06-01)
• Macroprudential policy, mortgage cycles and distributional effects: Evidence from the UK

  Peydró, José-Luis; Tous, Francesc R.; Tripathy, Jagdish; Uluc, Arzu (2020-06-01)

  Macroprudential regulators worldwide have introduced regulations to limit household leverage in light of existing evidence which suggests that high leverage is associated with household distress during crisis. We analyse ...
• The long-run effects of corporate tax reforms

  Baley, Isaac; Blanco, Andrés (2022-01-13)

  We investigate the long-run effects of permanent corporate tax reforms on aggregate capital behavior. In an investment model with fixed adjustment costs and partial irreversibility, we show that corporate taxes and investment ...
• The relationship between tax regulations and financial accounting: A comparison of Germany, Spain and the United Kingdom

  Amat, Oriol (1993-11-01)
• Endogenous growth and poverty traps in a Cournotian model

  Galí, Jordi; Zilibotti, Fabrizio (1993-11-01)
• Evaluating forecast performance with state dependence

  Odendahl, Florens; Rossi, Barbara; Sekhposyan, Tatevik (2021-07-18)

  We propose a novel forecast evaluation methodology to assess models' absolute and relative forecasting performance when it is a state-dependent function of economic variables. In our framework, the forecasting performance, ...
• Indeterminacy of equilibria in a hyperinflationary world: Experimental evidence

  Marimon, Ramon; Sunder, Shyam (1993-03-01)
• The commitment benefit of consols in government debt management

  Debortoli, Davide; Nunes, Ricardo; Yared, Pierre (2021-05-13)

  We consider optimal government debt maturity in a deterministic economy in which the government can issue any arbitrary debt maturity structure and in which bond prices are a function of the government's current and future ...
• Capital mobility in Neoclassical models of growth

  Barro, Robert J.; Mankiw, N. Gregory; Sala-i-Martin, Xavier (1994-05-01)
• Centralized vs decentralized markets: The role of connectivity

  Alfarano, Simone; Banal-Estañol, Albert; Camacho, Eva; Iori, Giulia; Kapar, Burcu; Rahi, Rohit (2024-01-14)

  We consider a setting in which privately informed agents are located in a network and trade a risky asset with other agents with whom they are directly connected. We compare the performance, both theoretically and ...
• The death and life of great British cities

  Heblich, Stephan; Nagy, David Krisztián; Trew, Alex; Zylberberg, Yanos (2023-07-03)

  This paper studies how cities' industrial structure shapes their life and death. Our analysis exploits the large heterogeneity in the early composition of English and Welsh cities. We extract built-up clusters from early ...
• An assessment of the Encuesta Continua de Presupuestos Familiares (1985-89) as a source of information for applied reseach

  López Nicolás, Ángel (1993-12-01)
• Human capital, institutions, and ambitious entrepreneurship during good times and two crises

  Epure, Mircea; Martin-Sanchez, Victor; Aparicio, Sebastian; Urbano, David (2023-10-11)

  We argue that the positive relationship between pro-market institutions and entrepreneurial growth aspirations is dampened for individuals with general human capital (higher education), but augmented for those with specific ...
• Quality of professional services under price floors

  Garcia Fontes, Walter; Motta, Massimo (1994-06-01)
• Capital controls, domestic macroprudential policy and the bank lending channel of monetary policy

  Fabiani, Andrea; López Piñeros, Martha; Peydró, José-Luis; Soto, Paul E. (2021-08-01)

  We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital ...
• Land titling and litigation

  Arruñada, Benito; Fabbri, Marco; Faure, Michael (2021-07-01)

  We study a large-scale land titling reform implemented as a randomized control-trial to isolate its causal effects on litigation. The reform consisted of demarcating land parcels, registering existing customary rights, and ...
• Security design in non-exclusive markets with asymmetric information

  Asriyan, Vladimir; Vanasco, Victoria (2019-11-01)

  We study the problem of a seller (e.g. a bank) who is privately informed about the quality of her asset and needs to raise funds from uninformed buyers (e.g. investors) by issuing securities backed by her asset cash ows. ...
• On the optimal design of a financial stability fund

  Ábrahám, Árpád; Cárceles-Poveda, Eva; Liu, Yan; Marimon, Ramon (2022-03-01)

  We develop a model of a Financial Stability Fund (Fund) for a union of sovereign countries. By contract design, the Fund never has expected undesired losses while, being default-free, a participant country has greater ...

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