Documents de recerca, en accés obert, com ara working papers, informes de recerca, memòries tècniques, etc., del Departament d'Economia i Empresa de la UPF.
This paper studies the impact of time-varying idiosyncratic risk at the establishment level on aggregate unemployment fluctuations and on the labor market over the period 1972-2009. I build a tractable search-and-matching ...
We develop a theory of endogenous uncertainty and business cycles in which short-lived shocks can generate long-lasting recessions. In the model, higher uncertainty about fundamentals discourages investment. Since agents ...
En el texto que sigue argumento sobre los problemas de los cuidados de larga duración que requiere una sociedad envejecida y con prevalencia de situaciones de dependencia, y sus alternativas de financiación.
Los mensajes ...
La Economía del Medicamento, por su especificidad, se ha convertido en un campo sustantivo de la Economía de la Salud. Una lectura y análisis de sus aportaciones recientes permite detectar una serie de cuestiones que ...
Argumento. La elaboración de indicadores no debe hacerse desde un prejuicio para justificar una acción de
política pública y montar en su entorno una panoplia de indicadores seleccionables ad hoc. Tampoco debe
elaborarse ...
Maynou, Laia; Hernández-Pizarro, Helena M.; Herisson, Marlene; Saez, Marc(2019-03)
Mental disorders are leading causes of ill-health and disability worldwide. Various factors influence mental health, such as lifestyle (diet, sport, alcohol and drug consumption), social environment/context, work conditions, ...
We analyze the impact of reserve requirements on the supply of credit to the real sector. For identification, we exploit a tightening of reserve requirements in Uruguay during a global capital in ows boom, where the change ...
We study negative interest rate policy (NIRP) exploiting ECB’s NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit supply—and hence the real ...
We show that local central bank policies attenuate global financial cycle (GFC)’s spillovers. For identification, we exploit GFC shocks and Brazilian interventions in FX derivatives using three matched administrative ...
We analyze a small, new credit facility of a Spanish state-owned-bank during the crisis, using its continuous credit scoring system, firm-level scores, and credit register data. Compared to privately-owned banks, the ...
We analyze the impact of balance-sheet strength on credit availability. Bank balance sheets are weak in crisis times, but so are those of firms, and credit demand is then also weak. For identification, we exploit an ...
We analyze how international financial integration is affected by the recent financial and sovereign crises, exploiting euro-area proprietary interbank data, crisis and monetary shocks, and loan terms to the same borrower ...
Monetary policy transmission may be impaired if banks rebalance their portfolios towards securities to pursue e.g. risk-shifting or liquidity hoarding. We identify the bank lending and risk-taking channels by exploiting – ...
Akin, Ozlem; Marín, José M.; Peydró, José-Luis(2019)
Banking crises are recurrent phenomena, often induced by excessive bank risk-taking, which may be due to behavioral reasons (over-optimistic banks neglecting risks) and to agency problems between bank shareholders with ...
Irani, Rustom M.; Iyer, Rajkamal; Meisenzahl, Ralf R.; Peydró, José-Luis(2018)
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 ...
Do financial crises radicalize voters? We analyze a canonical case – Germany during the Great Depression. After a severe banking crisis in 1931, caused by foreign shocks and political inaction, radical voting increased ...
En los temas de longevidad siempre me ha parecido que como sociedad o bien éramos disléxicos en la lectura de los propósitos, o esquizofrénicos en las conductas asociables. Es notorio en efecto la falta de correspondencia ...
La econòmica ofereix tant sols una de les perspectives des de les que hom pot analitzar la cohesió social d’un país, que ha de tenir com a referent la vinculació/ desvinculació de cada part que la integra en els interessos ...