Articles (Departament d'Economia)

 

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

Recent Submissions

  • Eslava, Marcela; Freixas, Xavier (Wiley, 2021)
    What should be the role of a public development bank (PDB)? Which projects/firms should the PDB target? What can theory say about the types of loans and ways of delivering them that PDBs around the world use? We analyze ...
  • Nagy, Dávid Krisztián (SpringerOpen, 2021)
    A rapidly growing literature uses quantitative general equilibrium models of economic geography to study the economic impact of historical events such as the railroad revolution, industrial take-off, structural transformation ...
  • Freixas, Xavier; Perez Reyna, David (Elsevier, 2021)
    We provide a microfounded framework for the welfare analysis of macroprudential policy within a model of rational bubbles. For this, we posit an overlapping generation model where productivity and credit supply are subject ...
  • Galí, Jordi, 1961- (American Economic Association, 2021)
    I analyze an extension of the New Keynesian model that features overlapping generations of finitely lived agents and (stochastic) transitions to inactivity. In contrast with the standard model, the proposed framework ...
  • Mayoral, Laura (Springer, 2019)
    This paper contributes to the literature on majority voting over fiscal policies. We depart from the standard model in two dimensions. First, besides redistributing income, the government uses the net tax revenue to finance ...
  • Galí, Jordi, 1961-; Gambetti, Luca (Banco Central de Chile, 2020)
    The deep and prolonged recession triggered by the global financial crisis of 2007–2009 led to a large increase in the unemployment rate in most advanced economies. Ten years later, at the time of writing this paper, the ...
  • Desmet, Klaus; Kopp, Robert E.; Kulp, Scott A.; Nagy, David Krisztián; Oppenheimer, Michael; Rossi-Hansberg, Esteban; Strauss, Benjamin H. (American Economic Association, 2021)
    Sea level rise will cause spatial shifts in economic activity over the next 200 years. Using a spatially disaggregated, dynamic model of the world economy, this paper estimates the consequences of probabilistic projections ...
  • Fabri Lima, Marcelus; Ramalhinho-Lourenço, Helena (Wiley, 2021)
    In this work, we consider the internal logistics processes in the car assembling company SEAT S.A (where SEAT is Sociedad Española de Automóviles de Turismo). We focus on the design of the supplying routes from the warehouse ...
  • Fabri Lima, Marcelus; Ramalhinho-Lourenço, Helena; Oliver Riera, Miquel; Muñoz, Juan Carlos (Taylor & Francis, 2020)
    This work focuses on internal logistics (IL), which is defined as the flows of materials inside the same business or the same plant. We centre on the IL activities of a car-assembling company. The main objective is to ...
  • Hauk, Esther; Lanteri, Andrea; Marcet, Albert (Elsevier, 2021)
    Most available results on optimal decisions under partial information are derived under “separation”. But this principle does not always hold. We derive a non-standard first order condition of optimality from first principles ...
  • Andrade, Philippe; Galí, Jordi, 1961-; Le Bihan, Hervé; Matheron, Julien (Brookings Institution Press, 2019)
    We study how changes in the steady-state real interest rate (henceforth r*) affect the optimal inflation target in a New Keynesian dynamic stochastic general equilibrium (DSGE) model with trend inflation and a lower bound ...
  • Debortoli, Davide; Galí, Jordi, 1961-; Gambetti, Luca (University of Chicago Press, 2019)
    The magnitude of the global financial crisis of 2007–8 and the recession that it triggered ledmany central banks to lower their policy rates down to values near zero, their theoretical lower bound.1 In the United ...
  • Billi, Roberto M.; Galí, Jordi, 1961- (Wiley, 2020)
    We analyse the welfare impact of greater wage flexibility in the presence of an occasionally binding zero lower bound (ZLB) constraint on the nominal interest rate.We show that the ZLB constraint generally amplifies the ...
  • Asriyan, Vladimir; Fornaro, Luca; Martin, Alberto, 1974-; Ventura, Jaume (Oxford University Press, 2020)
    What is the role of monetary policy in a bubbly world? To address this question, we study an economy in which financial frictions limit the supply of assets. The ensuing scarcity generates a demand for “unbacked” assets, ...
  • Asriyan, Vladimir (Oxford University Press, 2020)
    This article develops a theory of the balance sheet channel that places a central emphasis on the liquidity of secondary markets for macro-contingent claims. We show that the presence of dispersed information and imperfect ...
  • Asriyan, Vladimir; Fuchs, William; Green, Brett (Elsevier, 2021)
    How effectively does a decentralized marketplace aggregate information that is dispersed throughout the economy? We study this question in a dynamic setting where sellers have private information that is correlated with ...
  • Broner, Fernando; Martin, Alberto, 1974-; Ventura, Jaume (Springer, 2021)
    We analyze the conduct of fiscal policy in a financially integrated union in the presence of financial frictions. Frictions create a wedge between the return to investment and the union interest rate. This leads to an ...
  • Galí, Jordi, 1961-; Van Rens, Thijs, 1973- (Oxford University Press, 2021)
    We document two changes in post-war US macroeconomic dynamics: the procyclicality of labour productivity vanished, and the relative volatility of employment rose. We propose an explanation for these changes that is based ...
  • Galí, Jordi, 1961- (Wiley, 2021)
    Under uncovered interest parity (UIP), the size of the effect on the real exchange rate of an anticipated change in real interest rate differentials is invariant to the horizon at which the change is expected. Empirical ...
  • Khadam, Muhammad Azeem; Michalek, Mateusz; Zwiernik, Piotr (Elsevier, 2020)
    Motivated by the study of the secant variety of the Segre-Veronese variety we propose a general framework to analyze properties of the secant varieties of toric embeddings of affine spaces defined by simplicial complexes. ...

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