• An unfair affair?: inequality spillovers of US monetary policy

  Batungbacal, Bernice; Contreras, María Paula; Martínez, Diego (2022-06-10)

  Amid an extremely financially interconnected economic environment across the globe, coupled with the increasing interest rates post-pandemic, concerns surrounding the indirect and unintended consequences of policy are ...
• The impact of the 2014-2016 Russian financial crisis on remittances, consumption, and credit: the case of Kyrgyzstan

  Breaks, Rachael; Durif, Clément; Sun, Peiyao; Voelz, Joule (2022-06-11)

  In this paper we consider the negative medium-term impact of the Russian Financial Crisis of 2014-2016 on remittances, consumption patterns, and credit in the Kyrgyz Republic. Using panel data, we show a significant drop ...
• A blessing or a curse: oil dependence and human capital in Nigeria

  Burkinshaw, Sarah; Indalecio González, Judith; Silberring, Jana; Simkins, Gregory (2022-06-11)

  Using all four waves of the Nigerian General Household Survey between 2011-2019, we implement a panel data model to investigate oil dependence and household human capital investment. We also supplement our analysis with a ...
• Fleeing the floods: the local health effects of internally displaced Malawians

  Prudencio, Laura; Suárez, María J.; English, Benjamin; Young, Nolan (2022-06)

  Natural disasters take lives, destroy homes, trigger epidemics, and affect individual health. Refugees fleeing to safety often are confined to camps and makeshift settlements until they can return home. As the climate ...
• Inflation in the time of climate change: a tail of unrequited love?: the effect of greenhouse gas emissions policies on the tails of the inflation distribution in Europe

  Torres, Angela; Vargas, Joelky; Weatherburn, William (2022-06-13)

  To reduce greenhouse gas emissions European countries have primarily relied on two polices: carbon taxes and the Emissions Trading Scheme. A growing body of research has studied the effect that these policies have had on ...
• Burning growth: rising temperatures in a growth-at-risk approach: a case study of Colombia

  Camilo, Camila; Rozada, Angie; Sanz, Carlos (2022-06-13)

  The rise in global temperatures have been a growing source of concern for policy makers given its potential impact for sustainable economic activity. This paper explores the effects of a temperature shock on the distribution ...
• Import price inflation following the 2021 Suez canal blockage: (for)ever given or transitory?

  Bernius, Nikolaus; Brüster, Gabriel; Robertson, William; Stefko, Brenton-Jan; Steinwender, Christian (2022)

  Our study uses an arguably exogenous supply chain shock generated by the March 2021 blockage of the Suez Canal to analyze contributions to import price inflation and transport method substitution. Using a quasi-experimental ...
• Novel avenues for economic policy: insights from heterogeneous agents models

  Cigna, Simone; Figueiras, Isabel; Giribaldi, Antonio; Schwingeler, Franziska (2022-07-22)

  This literature review focuses on the contribution of the heterogeneous agents framework to the empirical robustness of macroeconomic models. First, we focus on the transmission of monetary policy in an economy characterized ...
• “Heavy is the head”: the effect of responsibility on delegation

  Lanjouw, Max; Lee, Yuan; Pallud, Vincent; Stern, Fritz; Ziegler, Christoph (2022)

  When deciding for themselves whether to keep or delegate a decision-making right, individuals often fail to delegate even when doing so would yield a higher expected return. However, beyond the individual decision-making ...
• Migration shocks and occupational downgrading: evidence from Venezuelan migrants in Chile

  Agarwal, Sunidhi; Ariznavarreta, Ignacio; Chamseddine, Nour; Gonçalves, Ricardo; Oliva, Ignacio (2022-07)

  The following paper examines the downgrading in job status that immigrant workers suffer when settling in a new country. We consider the massive Venezuelan exodus and the impacts this shock had on the job outcomes of ...
• A short literature review on workplace discrimination

  Grignani, Maddalena; Hsu, Wei-Liang; Liu, Jiaxun; Zherebilov, Georgii (2022-07-22)

  In this literature review, we focus on workplace discrimination with particular attention paid to the hiring process. We classified the hiring process into two stages: CV-screening and interview. Following the theoretical ...
• Implications of market rating-based segmentation on intra-platform competition: an application to Airbnb's market in Barcelona

  Arenas, Paul; Paredes, Saúl (2021-07-14)

  In recent years, large platforms have raised concerns that they may engage in anticompetitive practices that affect the market competition. Therefore, analyze the competition structure inside platforms is a relevant issue ...
• Chilean fresh milk market: ex-post evaluation of competition authority's decisions

  Greene Morales, Elisa (2021-07-14)

  This report present a conceptual and empirical analysis of the Chilean Antitrust Authority's decision in the upstream dairy market. In 2004, the Antitrust Court decided that the biggest milk processors should not discriminate ...
• Green agreement in the electricity market: an ex-post evaluation of the 2013 Dutch coal power plants closure agreement

  Noviello, Ilaria; Tey, Shaun (2021-06)

  We undertook an ex-post analysis of a 2013 Agreement in the Netherlands to close five aging coal power plants in 2016 and 2017. First, we evaluate the Authority for Consumers and Markets’ (ACM) assumption that the plant ...
• Personality traits and mental health outcomes: the effect of the Covid-19 pandemic on young adults in the UK

  Akker, Ruben van den; Hammad, Nour; Marin, Alexandre (2021-07-24)

  Mental health outcomes significantly deteriorated in the United Kingdom as a result of the Covid-19 pandemic, particularly for younger individuals. This paper uses data from the Millennium Cohort Study to investigate the ...
• Deep vector autoregression for macroeconomic data

  Agustí, Marc; Altmeyer, Patrick; Vidal-Quadras, Ignacio (2021-07-20)

  Vector autoregression (VAR) models are a popular choice for forecasting of macroeconomic time series data. Due to their simplicity and success at modelling the monetary economic indicators VARs have become a standard tool ...
• Understanding latent vector arithmetic for attribute manipulation in normalizing flows

  Gimenez Funes, Eduard (2021)

  Normalizing flows are an elegant approximation to generative modelling. It can be shown that learning a probability distribution of a continuous variable X is equivalent to learning a mapping f from the domain where X is ...
• On the effects of sovereign debt volatility: a theoretical model

  Fernandez, Oscar; Fonseca, Sergio; Magnini, Gino; Marcelli Fabiani, Riccardo; Nobile, Claudia (2021-07-13)

  We construct a theoretical Overlapping Generations (OLG) model to describe how sovereign debt crises can propagate in the economy under certain financial constraints. When prices of bonds fall due to perceived sovereign ...
• Save the euro policy: European debt crisis and Covid-19 pandemic

  Ito, Hirotaka; Özen, Kadir (2021-07)

  2008-2009 Global Financial Crisis led to European debt crisis leaving the periphery of euro zone with very high borrowing costs compared to core countries. When Covid-19 Pandemic Crisis hit the economies, unconventional ...
• Gender gap and retirement decisions: the maternity pension supplement in Spain

  Casanova, Jorge Luis; Guias, Horia Bogdan; López, Carlos Javier; Salvanti, Andrea; Sewell, Patrick (2021-07-23)

  In line with the growing governmental efforts to reduce the gender income gap, in 2016 a retirement pension supplement for mothers of two or more children was introduced in Spain. Through an Oaxaca-Blinder decomposition ...

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