Articles (Departament d'Economia)

 

Articles de recerca, en accés obert, del Departament d'Ecomia de la UPF.

Recent Submissions

  • Glaeser, Edwar L.; Ponzetto, Giacomo A. M. (Elsevier, 2018)
    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 ...
  • Farré, Lídia; González, Libertad (Elsevier, 2019)
    We find that the introduction of two weeks of paid paternity leave in Spain in 2007 led to delays in subsequent fertility. Following a regression discontinuity design and using rich administrative data, we show that parents ...
  • Asriyan, Vladimir; Fuchs, William; Green, Brett (American Economic Association, 2019)
    We develop a rational theory of liquidity sentiments in which the market outcome in any given period depends on agents' expectations about market conditions in future periods. Our theory is based on the interaction between ...
  • Gennaioli, Nicola; Martin, Alberto; Rossi, Stefano (Elsevier, 2018)
    This paper analyzes sovereign bondholdings by 20,000 banks in 191 countries and 20 sovereign default episodes over 1998–2012, establishing two robust facts. First, banks hold many government bonds (on average 9% of assets) ...
  • Desmet, Klaus; Nagy, Dávid Krisztián; Rossi-Hansberg, Esteban (University of Chicago Press, 2018)
    We develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced-growth path and propose a methodology to analyze equilibria with different levels of migration frictions. ...
  • Benigno, Gianluca; Fornaro, Luca (Oxford University Press, 2018)
    We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high unemployment and weak growth. We refer to these episodes as stagnation ...
  • Fornaro, Luca (Oxford University Press, 2018)
    This paper provides a framework to understand the adjustment triggered by an episode of debt deleveraging among financially integrated countries. During a period of international deleveraging, world consumption demand is ...
  • Abuka, Charles; Alinda, Ronnie K; Minoiu, Camelia; Peydró, José-Luis; Presbitero, Andrea F. (Elsevier, 2019)
  • Akin, Ozlem; Coleman, Nicholas S.; Fons-Rosen, Christian; Peydró, José-Luis (Wiley, 2018)
    To test for private information leakages from government to corporate executives, we exploit the 2008-2010 bank bailouts after Lehman’s failure using insider trading and political connections. In politically-connected ...
  • Jiménez, Gabriel; Mian, Atif; Peydró, José-Luis; Saurina, Jesús (Elsevier, 2019)
    We study bank credit booms, exploiting the Spanish matched credit register over 2001-2009. We extend Khwaja and Mian (2008)’s loan-level estimator by incorporating firm-level general equilibrium adjustments. Higher ex-ante ...
  • Abbassi, Puriya; Iyer, Rajkama; Peydró, José-Luis; Rodríguez-Tous, Francesc (Elsevier, 2016)
    We analyze securities trading by banks during the crisis and the associated spillovers to the supply of credit. We use a proprietary data set that has the investments of banks at the security level for 2005–2012 in conjunction ...
  • Ippolito, Filippo; Peydró, José-Luis; Polo, Andrea, 1983-; Sette, Enrico (Elsevier, 2016)
    By providing liquidity to depositors and credit-line borrowers, banks can be exposed to double-runs on assets and liabilities. For identification, we exploit the 2007 freeze of the European interbank market and the Italian ...
  • Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (University of Chicago Press, 2017)
    To study the impact of macroprudential policy on credit supply cycles and real effects, we analyze dynamic provisioning. Introduced in Spain in 2000, revised four times, and tested in its countercyclicality during the ...
  • Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis (Oxford University Press, 2018)
    We analyse the impact of standard and non-standard monetary policy on bank profitability. We use both proprietary and commercial data on individual euro area bank balance-sheets and market prices. Our results show that a ...
  • Morais, Bernardo; Peydró, José-Luis; Roldán-Peña, Jessica; Ruiz-Ortega, Claudia (Wiley, 2018)
    We identify the international credit channel by exploiting Mexican supervisory data sets and foreign monetary policy shocks in a country with a large presence of European and U.S. banks. A softening of foreign monetary ...
  • Cervini-Plá, Maria; Silva, Jose I.; Vall Castelló, Judit (Springer, 2016)
    In this paper, we present a theoretical model along with an empirical model to identify the effects of disability on wages. From the theoretical model, we derive the hypothesis that only the temporary component of the wage ...
  • Gil-Bazo, Javier; Moreno, David; Tapia, Mikel; Abad, David (Taylor & Francis, 2007)
    En este trabajo se estudia la formación de precios en un mercado artificial de doble subasta continua con agentes heterogéneos, tanto en términos de eficiencia informativa como en términos de sus propiedades estadísticas. ...
  • Rossi, Barbara (Taylor & Francis, 2005)
    Existing point estimates of half-life deviations from purchasing power parity (PPP), around 3–5 years, suggest that the speed of convergence is extremely slow. This article assesses the degree of uncertainty around these ...
  • Celentani, Marco; Ganuza, Juan-José (Springer, 2002)
    We study bureaucratic corruption in a model in which a constituency sets required levels for a given set of activities. Each activity is carried out by an external provider and its realization is supervised by a bureaucrat. ...
  • Inoue, Atsushi; Rossi, Barbara, 1971- (Taylor & Francis, 2005)
    We propose a sequential test for predictive ability for recursively assessing whether some economic variables have explanatory content for another variable. In the forecasting literature it is common to assess predictive ...

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