• Tres reflexions crítiques sobre el futur de l'estat del benestar

  López i Casasnovas, Guillem (2018)
• Solvència del sistema fiscal i sostenibilitat de l'estat del benestar

  López i Casasnovas, Guillem (2018)

  La sostenibilitat és un concepte eminentment polític. És opinable la pressió fiscal que una economia pot suportar. Depèn de moltes coses. També del retorn de serveis públics, el context internacional en el que es competeix, ...
• El interfaz entre los responsables de la economía y de la asistencia sanitaria

  López i Casasnovas, Guillem (2018)

  La tirantez de las relaciones entre los responsables de la economía y la asistencia sanitaria suele ser en muchos países un clásico en toda regla. La narrativa suele operar como sigue: El presidente del país se vanagloria ...
• La crisi econòmica i la seva incidència a la gestió dels serveis públics

  López i Casasnovas, Guillem; Planas, Ivan (2018)

  La crisi econòmica ens ha portat a probablement deu anys de retorn a la casella inicial del benestar social. No tan sols s’ha aturat la màquina que alimenta el seu finançament, des de la creació de renda i riquesa a la ...
• Some topics in health economics that become distorted clichés for health policy

  López i Casasnovas, Guillem; Meneu, Ricardo (2017)

  The purpose of this paper is to pick up some of the best known clichés that surround the translation of the equivalent topics in health economics into health policy. These topics used to be distorted due to the inertia of ...
• Blockchain's struggle to deliver impersonal exchange

  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 ...
• Health investment complementarities under competing risks

  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. ...
• The optimal inflation target and the natural rate of interest

  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 ...
• Strategic behavior and price discovery

  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 ...
• The institutions of Roman markets

  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 ...
• The political economy of transportation investment

  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 ...
• How should we model property? Thinking with my critics

  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 ...
• Turbulence and unemployment in matching models

  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 ...
• Dual decision processes: Retrieving preferences when some choices are intuitive

  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 ...
• Opinion dynamics via search engines (and other algorithmic gatekeepers)

  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 ...
• Constraints on LTV as a macroprudential tool: a precautionary tale

  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 ...
• Monetary policy and bubbles in a new Keynesian model with overlapping generations

  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 ...
• Industrial espionage and productivity

  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 ...
• Capital flows and the international credit channel

  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 ...
• Uncertain Rationality, Depth of Reasoning and Robustness in Games with Incomplete Information

  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 ...

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