• Business cycle and mortality in Spain

  Cervini, María; Vall Castelló, Judit (Springer, 2021)

  In the last couple of decades, there has been a lot of interest on the impact of macroeconomic fluctuations on health and mortality rates. Many studies, for different countries, find that mortality is procyclical. However, ...
• Living with reduced income: an analysis of household financial vulnerability under COVID-19

  Midões, Catarina; Seré Quintero, Mateo (Springer, 2022)

  The COVID-19 crisis has led to substantial reductions in earnings. We propose a new measure of financial vulnerability, computable through survey data, to determine whether households can withstand a certain income shock ...
• Skill premiums and the supply of young workers in Germany

  Glitz, Albrecht Christian Ekkehard, 1978-; Wissmann, Daniel (Elsevier, 2021)

  In this paper, we study the development and underlying drivers of skill premiums in Germany between 1980 and 2008. We show that the significant increase in the medium-to-low skill premium since the late 1980s was almost ...
• The big bang: stock market capitalization in the long run

  Kuvshinov, Dmitry; Zimmermann, Kaspar (Elsevier, 2021)

  We study trends and drivers of long-run stock market growth in 17 advanced economies. Between 1870 and the 1980s, stock market capitalization grew in line with GDP. But over subsequent decades, an unprecedented expansion ...
• Turning around teacher quality in Latin America: renewed confidence and lessons from Colombia

  Brutti, Zelda; Sánchez Torres, Fabio (Elsevier, 2022)

  We present new evidence on the effectiveness of large-scale reforms of public teaching careers towards improving student outcomes in Latin America. Since 2002, Colombia’s public teacher candidates are screened through an ...
• The crop growth planning problem in vertical farming

  Santini, Alberto; Bartolini, Enrico; Schneider, Michael; Greco de Lemos, Vinicius (Elsevier, 2021)

  In this paper, we study the problem of planning the growth of crops on shelves in vertical farming cabinets under controlled growth conditions. By adjusting temperature, humidity, light, and other environmental conditions ...
• Public health interventions in the face of pandemics: network structure, social distancing, and heterogeneity

  Ghaderi, Mohammad (Elsevier, 2022)

  Complexity, resulting from interactions among many components, is a characterizing feature of healthcare systems and related decisions. It scales up in the face of pandemics that give rise to multiple sources of uncertainty ...
• Density estimates for jump diffusion processes

  Kohatsu-Higa, Arturo; Nualart, Eulàlia; Tran, Ngoc Khue (Elsevier, 2022)

  We consider a real-valued diffusion process with a linear jump term driven by a Poisson point process and we assume that the jump amplitudes have a centered density with finite moments. We show upper and lower estimates ...
• The elusiveness of context effects in decision making

  Spektor, Mikhail; Bhatia, Sudeep; Gluth, Sebastian (Elsevier, 2021)

  Contextual features influence human and non-human decision making, giving rise to preference reversals. Decades of research have documented the species and situations in which these effects are observed. More recently, ...
• Expansionary yet different: credit supply and real effects of negative interest rate policy

  Bottero, Margherita; Minoiu, Camelia; Peydró, José-Luis; Polo, Andrea, 1983-; Presbitero, Andrea F.; Sette, Enrico (Elsevier, 2021)

  We show that negative interest rate policy (NIRP) has expansionary effects on credit supply through a portfolio rebalancing channel. By shifting down and flattening the yield curve, NIRP differs from rate cuts just above ...
• Monetary policy at work: security and credit application registers evidence

  Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (Elsevier, 2021)

  Monetary policy transmission may be impaired if banks rebalance their portfolios toward securities. We identify the bank lending and risk-taking channels of monetary policy by exploiting—Italy's unique—credit and security ...
• Optimal lockdown in a commuting network

  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, ...
• Efficient full implementation via transfers: uniqueness and sensitivity in symmetric environments

  Ollár, Mariann; Penta, Antonio (American Economic Association, 2022)
• Inequality, bipolarization, and tax progressivity

  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 ...
• Winners and losers from sovereign debt inflows

  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 ...
• Fiscal multipliers and foreign holdings of public debt

  Broner, Fernando; Clancy, Daragh; Erce, Aitor; Martin, Alberto (Oxford University Press, 2022)

  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 ...
• An information sampling explanation for the in-group heterogeneity effect

  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 ...
• Evaluating categories from experience: the simple averaging heuristic

  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 ...
• Should the ECB adjust its strategy in the face of a lower

  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 ...
• A theory of monetary union and financial integration

  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 ...

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