We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets and the economy. Through a narrative analysis, we identify historical policy changes leading to expansions ...

We study the nature of the optimal monetary policy in a regime of “fiscal dominance” when the monetary authority -that can print money or issue interest earning debt- is required to finance an exogenous sequence of transfers ...

We develop a theory of endogenous uncertainty where the ability of investors to learn about firm-level fundamentals declines during financial crises. At the same time, higher uncertainty reinforces financial distress of ...

The first ladyship is nowadays one of the most mediatized, yet scientifically neglected unofficial institutions to be found in contemporary states. It raises various questions regarding the nature of modern relations between ...

Spontaneous brain activity, measured under the absence of any overt task, has been investigated under the label of “resting state” for about 20 years with rising interest. While it was known since the beginnings of modern ...

L’objetiu d’aquesta tesi és aprofundir en el concepte de participació i compromís dels usuaris en pàgines web i analitzar com mesurar aquesta interacció. Comencem estudiant les mètriques del comportament online, les quals ...

European education programs and European identity are acknowledged as inextricable concepts considering the fact that education programs such as Erasmus plays an important role on the construction of European identity by ...

Neuroprostheses based on dense networks of wireless microstimulators have been proposed in the past for restoring movement in paralysis patients. Yet existing implantable microstimulators are too bulky and invasive for ...

This paper considers a model of linear capital taxation for an economy where capital and labor income are subject to idiosyncratic uninsurable risk. To keep the model tractable, we assume that investment decisions are made ...

Learning is a complex, mostly invisible process that happens across spaces, occurring in the physical world but also increasingly in virtual worlds or web-based spaces. In order to explore what happens in such blended ...