Departament d'Economia i Empresa

 

Documents de recerca, en accés obert, com ara articles de revista, llibres, comunicacions, ponències o posters a jornades i congressos, etc., del Departament d'Economia i Empresa de la UPF.

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  • Fajgelbaum, Pablo D.; Khandelwal, Amit; Kim, Wookun; Mantovani, Cristiano; Schaal, Edouard (American Economic Association, 2021)
    We study optimal dynamic lockdowns against COVID-19 within a commuting network. Our framework integrates canonical spatial epidemiology and trade models and is applied to cities with varying initial viral spread: Seoul, ...
  • Ollár, Mariann; Penta, Antonio (American Economic Association, 2022)
  • Carbonell-Nicolau, Oriol; Llavador, Humberto (American Economic Association, 2021)
    The steady rise in income and wealth inequality in the last four decades, together with the evolution of a vanishing middle class, has raised concerns about potentially pernicious effects of these trends on social stability ...
  • Broner, Fernando; Martin, Alberto; Pandolfi, Lorenzo; Williams, Tomas (Elsevier, 2021)
    We study the effects of sovereign debt inflows on domestic firms. To do so, we exploit episodes of large sovereign debt inflows, which follow the announcements of the inclusion of six emerging countries into major sovereign ...
  • Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, Alberto (Oxford University Press, 2021)
    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 ...
  • Konovalova, Elizaveta; Le Mens, Gaël (American Psychological Association (APA), 2020)
    People often perceive their in-groups as more heterogeneous than their out-groups. We propose an information sampling explanation for this in-group heterogeneity effect. We note that people frequently obtain larger samples ...
  • Woiczyk, Thomas Karl Alfred; Le Mens, Gaël (American Psychological Association (APA), 2021)
    We analyze how people form evaluative judgments about categories based on their experiences with category members. Prior research suggests that such evaluative judgments depend on some experience average, but is unclear ...
  • Andrade, Philippe; Galí, Jordi, 1961-; Le Bihan, Hervé; Matheronc, Julien (Elsevier, 2021)
    We address this question using an estimated New Keynesian DSGE model of the Euro Area with trend inflation, imperfect indexation, and a lower bound on the nominal interest rate. In this setup, a decrease in the steady-state ...
  • Fornaro, Luca (Oxford University Press, 2021)
    Since the creation of the euro, capital flows among member countries have been large and volatile. Motivated by this fact, I provide a theory connecting the exchange rate regime to financial integration. The key feature ...
  • Ashraf, Nava; Glaeser, Edward L. (Edward Ludwig), 1967-; Ponzetto, Giacomo A. M. (American Economic Association, 2016)
    Expensive infrastructure is ineffective if it doesn't travel the last mile. In nineteenth-century New York and modern Africa, disease has spread when urbanites chose not to use newly built sanitation infrastructure to save ...
  • Conte, Bruno; Desmet, Klaus; Nagy, David Krisztián; Rossi-Hansberg, Esteban (Oxford University Press, 2021)
    This paper quantitatively assesses the world’s changing economic geography and sectoral specialization due to global warming. It proposes a two-sector dynamic spatial growth model that incorporates the relation between ...
  • Botsch, Matthew; Vanasco, Victoria (Elsevier, 2019)
    This paper studies bank learning through repeated interactions with borrowers from a new perspective. To understand learning by lending, we adapt a methodology from labor economics to analyze how loan contract terms evolve ...
  • Malmendier, Ulrike; Pouzo, Demian; Vanasco, Victoria (Elsevier, 2020)
    How do macrofinancial shocks affect investor behavior and market dynamics? Recent evidence on experience effects suggests a long-lasting influence of personally experienced outcomes on investor beliefs and investment but ...
  • Daley, Brendan; Green, Brett; Vanasco, Victoria (Wiley, 2020)
    We develop a framework to explore the effect of credit ratings on loan origination. We show that ratings endogenously shift the economy from a signaling equilibrium, in which banks inefficiently retain loans to signal ...
  • Schaal, Edouard (Econometric Society, 2017)
    This paper studies the impact of time-varying idiosyncratic risk at the establishmentlevel on unemployment fluctuations over 1972–2009. I build a tractable directed searchmodel with firm dynamics and time-varying idiosyncratic ...
  • Fajgelbaumm Pablo D.; Schaal, Edouard; Taschereau-Dumouchel, Mathieu (Oxford University Press, 2017)
    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 ...
  • Carbonell-Nicolau, Oriol; Llavador, Humberto (Springer, 2021)
    The link between income inequality and progressive taxation has long been considered a fundamental normative foundation for income tax progressivity. This paper furnishes necessary and sufficient conditions on primitives, ...
  • Galí, Jordi, 1961-; Giusti, Giovanni, 1984-; Noussair, Charles (Elsevier, 2021)
    Leaning-against the-wind (LAW) policies, whereby interest rates are raised in the face of a growing asset price bubble, are often advocated as a means of dampening such bubbles. On the other hand, there are theoretical ...
  • Behrer, A. Patrick; Glaeser, Edward L.; Ponzetto, Giacomo A. M.; Shleifer, Andrei (University of Chicago Press, 2021)
    A central challenge in securing property rights is the subversion of justice. We present a model of a polluter whose discharges harm multiple owners, and we compare property rules, liability rules, and regulation on ...
  • Ferrer, Alberto; Guimarans, Daniel; Ramalhinho-Lourenço, Helena; Juan, Angel A. (Elsevier, 2016)
    This paper analyzes a realistic variant of the Permutation Flow-Shop Problem (PFSP) by considering a non-smooth objective function that takes into account not only the traditional makespan cost but also failure-risk costs ...

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