Fiscal Stimulus with Supply Constraints
by Luca FornaroSeptember 2024
An International Perspective on Inflation during the Covid-19 Recovery
by Luca Fornaro,June 2024
Sectoral dynamics of safe assets in advanced economies
by , , , Victoria VanascoApril 2024
Fragmented Monetary Unions
by Luca Fornaro,April 2024
revised June 2024
Heterogeneity and Aggregate Fluctuations: Insights from TANK Models
by Davide Debortoli, Jordi GalíMarch 2024
revised May 2024
Social Capital, Government Expenditures, and Growth
by Giacomo Ponzetto,January 2024
revised June 2024
First draft February 2012
Why Has Construction Productivity Stagnated? The Role of Land-Use Regulation
by , , , , Giacomo PonzettoDecember 2023
Hegemonic Globalization
by Fernando Broner, Alberto Martin, ,December 2023
revised September 2024
The Death and Life of Great British Cities
by , Dávid Krisztián Nagy, ,July 2023
Political Preferences and the Spatial Distribution of Infrastructure: Evidence from California’s High-Speed Rail
by , , , , Edouard SchaalJune 2023
Consumption Segregation
by Elisa Giannone,April 2023
revised July 2023
Banks vs. Firms: Who Benefits from Credit Guarantees?
by Alberto Martin, Victoria Vanasco,April 2023
revised December 2023
Read a non-technical summary on BSE Focus
Do Incompetent Politicians Breed Populist Voters? Evidence from Italian Municipalities
by , , Giacomo PonzettoMarch 2023
Listen to a non-technical presentation on Not Another Politics Podcast
Exploring European Regional Trade
by , Jaume Ventura,December 2022
revised February 2023
Journal of International Economics, 146, 2023, article 103747.
Monetary Policy, Inflation, and Crises: New Evidence from History and Administrative Data
by , , ,December 2022
revised May 2023
CEPR VOXeu post (January 2023)
Optimal Monetary Policy with r*< 0
by , Jordi Galí,September 2022
revised July 2023
Forthcoming in Journal of Monetary Economics
Non-Independent Component Analysis
by Geert Mesters,July 2022
Robust Inference for Non-Gaussian Linear Simultaneous Equations Models
by , Geert MestersJuly 2022
Reconciling Fiscal Ceilings with Macro Stabilization
by , Geert MestersMay 2022
A Sufficient Statistics Approach for Macro Policy Evaluation
by , Geert MestersApril 2022
Making Sovereign Debt Safe with a Financial Stability Fund
by , Ramon Marimon,April 2022
revised October 2023
Online appendix
Journal of International Economics, 145, 2023, article 103834
Economic Growth and Market Power (Slides)
by Jaume VenturaApril 2022
Data and Market Power
by Jan Eeckhout,April 2022
Financial Globalization and Market Power (Slides)
by Vladimir Asriyan, Alberto Martin, Jaume VenturaMarch 2022
Media Capture by Banks
by , , ,March 2022
Monetary Policy in an Unbalanced Global Economy
by Luca Fornaro,January 2022
revised July 2023
Revisions requested by the American Economic Review.
Read a non-technical summary on VoxEU.
Previously circulated as Monetary Policy during Unbalanced Global Recoveries.
The Long-Run Effects of Corporate Tax Reforms
by Isaac Baley,January 2022
Creative Against the Pandemic: Measuring Creativity in Rural India
by Elisa Giannone, ,January 2022
Monetary Policy and Endogenous Financial Crises
by , , Jordi Galí,January 2022
revised March 2023
The Stable Transformation Path
by , , , Martí MestieriDecember 2021
Introducing an Austrian Backpack in Spain
by , , Ramon MarimonDecember 2021
On the Design of a European Unemployment Insurance System
by , , Ramon Marimon,December 2021
European Economic Review, 156, 2023, article 104469
What drives Wage Stagnation: Monopsony or Monopoly?
by Jan Eeckhout, , ,December 2021
Cities and Technological Waves
by , , Martí MestieriDecember 2021
On the Optimal Design of a Financial Stability Fund
by , , , Ramon MarimonNovember 2021
A Worker’s Backpack as Alternative to the Spanish PAYG Pension System
by , , Ramon MarimonNovember 2021
Journal of the European Economic Association, 21 (5), 2023, 1944-1993.
Border Effects in Public Procurement: The Aggregate Effects of Governments’ Home Bias
by Manuel Garcia-Santana,November 2021
State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters
by Mishel Ghassibe,November 2021
revised July 2022
Journal of Monetary Economics, 132, 2022, 1-23
Mature Fiscal Federal Systems: Aging with Grace or in Need of a Tune Up
by Teresa Garcia-Milà,November 2021
The Effect of Import Competition across Occupations
by , , Martí Mestieri,November 2021
Buy Big or Buy Small? Procurement Policies, Firms’ Financing, and the Macroeconomy
by , Manuel Garcia-Santana, Priit Jeenas, ,October 2021
revised January 2024
Previously circulated as “Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications”
Endogenous Production Networks and Non-linear Monetary Transmission
by Mishel GhassibeOctober 2021
revised December 2023
Do Incentives or Competition Determine Managers’ Wages?
by Jan Eeckhout,October 2021
Globalization and Political Structure
by , Giacomo Ponzetto,October 2021
First draft August 2016
Read a non-technical summary on VoxEU
Journal of the European Economic Association, 20 (3), 2022, 1276-1310.
Banks’ Equity Stakes in Firms: A Blessing or Curse in Credit Markets?
by , , ,September 2021
Quantifying Market Power and Business Dynamism in the Macroeconomy
by Jan Eeckhout, ,September 2021
IT and Urban Polarization
by Jan Eeckhout, ,September 2021
Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers
by , , , ,September 2021
revised March 2023
Conditionality in Official Lending: Compliance through Strategic Assessment
by , , , Ramon MarimonSeptember 2021
Carbon Emissions and the Bank-Lending Channel
by ,September 2021
Idiosyncratic Income Risk and Aggregate Fluctuations*
by Davide Debortoli, Jordi GalíJuly 2021
revised June 2023
Forthcoming
Monetary Policy in the Age of Automation
by Luca Fornaro,July 2021
revised September 2022
Evaluating Forecast Performance with State Dependence
by , Barbara Rossi,July 2021
Bayesian Learning
by Isaac Baley,July 2021
Return to Labor Mobility: Layoff Costs and Quit Turbulence
by Isaac Baley, ,July 2021
Previously circulated as “Quit Turbulence and Unemployment”
R&R at Economic Journal
Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium
by Vladimir Asriyan, , Alberto Martin, , Victoria VanascoMay 2021
revised September 2023
Previously circulated as “Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium”
The Commitment Benefit of Consols in Government Debt Management
by Davide Debortoli, ,May 2021
Fiscal and Currency Union with Default and Exit
by , Ramon Marimon,April 2021
Optimal Taxation and Market Power
by Jan Eeckhout, , ,April 2021
Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy
by , , ,April 2021
Published in Journal of International Economics (2022), 139, 103677. DOI.
Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers
by , ,March 2021
Skill-biased Technical Change and Regional Convergence
by Elisa GiannoneMarch 2021
Should the ECB Adjust its Strategy in the Face of a Lower r*?
by Jordi Galí, , ,January 2021
Unequal Global Convergence
by Elisa Giannone,January 2021
revised March 2023
Borders within Europe
by , Jaume Ventura,December 2020
revised February 2024
Monetary Policy and Inequality
by , , ,December 2020
revised March 2021
VoxEU column · CATO Institute research brief (Jan. 2022)
Forthcoming at the Journal of Finance
Bilateral International Investments: The Big Sur?
by Fernando Broner, , ,Online appendix
December 2020
revised June 2023
Published in Journal of International Economics, 145, article 103795, 2023.
Who Truly Bears (Bank) Taxes? Evidence from Only Shifting Statutory Incidence
by , ,December 2020
Unpacking Moving
by Elisa Giannone, , ,December 2020
revised December 2023
The Regional Impact of Economic Shocks: Why Immigration is Different from Import Competition
by , Joan MonràsDecember 2020
Local Sectoral Specialization in a Warming World
by Dávid Krisztián Nagy, , ,November 2020
Risk Mitigating versus Risk Shifting: Evidence from Banks Security Trading in Crises
by , , , Victoria VanascoNovember 2020
revised February 2023
Winner of the 2021 ECGI Finance Prize for the best working paper in 2020
Screening and Loan Origination Time: Lending Standards, Loan Defaults and Bank Failures
by , , ,November 2020
revised August 2022
The Scars of Supply Shocks
by Luca Fornaro,November 2020
revised March 2023
Published in Journal of Monetary Economics, 140, 2023, 18-36.
Quantitative Economic Geography meets History: Questions, Answers and Challenges
by Dávid Krisztián NagyNovember 2020
Published in Regional Science and Urban Economics, 94, 2022, article 103675
Stock Market Spillovers via the Global Production Network: Transmission of US Monetary Policy
by ,October 2020
The Dracula Effect: Voter Information and Trade Policy
by Giacomo Ponzetto, ,October 2020
First draft November 2008
Previously circulated as “Heterogeneous Information and Trade Policy”
Industrialization without Innovation
by , , Joan Monràs,August 2020
Previously circulated as “Structural Transformation, Industrial Specialization, and Endogenous Growth”
The Short- and Long-run Employment Impact of Covid-19 through the Effects of Real and Financial Shocks on New Firms
by , Andrea Caggese,August 2020
revised October 2020
Q-Monetary Transmission
by , Priit JeenasAugust 2020
revised June 2023
Journal of Political Economy, 132 (3), 2024, 971-1012.
Forward Looking Loan Provisions: Credit Supply and Risk-Taking
by , , , ,August 2020
Watch a presentation by Prof. Peydró at the Annual ECB Banking Supervision Research Conference ‘Banking Supervision in a New Economy: Digitalisation, Climate and Financial Innovation’ (Frankfurt, May 2023): Link to Youtube · Link to conference
Asymmetric Monetary Policy Tradeoffs
by Davide Debortoli, , ,July 2020
revised September 2023
Previously circulated as “Asymmetric Effects of Monetary Policy Easing and Tightening”
Borrower versus Bank Channels in Lending: Experimental- and Administrative-based Evidence
by , ,July 2020
revised December 2021
Production and Financial Networks in Interplay: Crisis Evidence from Supplier-Customer and Credit Registers
by , , , ,July 2020
Revise & Resubmit at the American Economic Review
Income-Driven Labor-Market Polarization
by , , Martí MestieriJune 2020
Optimal Lockdown in a Commuting Network
by Edouard Schaal, , , ,June 2020
Economic Shocks and Internal Migration
by Joan MonràsMay 2020
Monetary Policy and Asset Price Bubbles: A Laboratory Experiment
by Jordi Galí, ,May 2020
revised May 2021
Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the UK
by , , ,May 2020
Review of Financial Studies, accepted
Quantitative Easing, Investment, and Safe Assets: The Corporate-Bond Lending Channel
by , , ,May 2020
revised October 2020
Covid-19 Coronavirus and Macroeconomic Policy
by Luca Fornaro,March 2020
revised March 2020
Read a non-technical summary on VoxEU.
Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence
by , Barbara Rossi,February 2020
revised July 2021
Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil
by , , ,February 2020
Local Adjustment to Immigrant-Driven Labor Supply Shocks
by Joan MonràsFebruary 2020
revised October 2020
Journal of Human Capital, 5 (1), 2021, 204-235.
Previously circulated as “Immigration, Internal Migration, and Technology Adoption”
On Public Spending and Economic Unions
by Fernando Broner, Alberto Martin, Jaume VenturaFebruary 2020
revised November 2020
Published in IMF Economic Review, 69 (1), 2021, 122-154
Mismatch Cycles
by Isaac Baley, ,February 2020
revised July 2021
R&R at the Journal of Political Economy
Stressed Banks? Evidence from the Largest-Ever Supervisory Review
by , , ,February 2020
Earlier title: ‘Dressing up for the regulator: Evidence from the largest-ever supervisory review’
Revise & Resubmit at Management Science
Herding Through Booms and Busts*
by Edouard Schaal,January 2020
revised May 2023
Published in Journal of Economic Theory Volume 210, June 2023, 105669
Winners and Losers from Sovereign Debt Inflows: Evidence from the Stock Market
by Fernando Broner, Alberto Martin, ,December 2019
revised December 2020
Published in Journal of International Economics, 130, 2021, article 103446
From Fixed-event to Fixed-horizon Density Forecasts: Obtaining Measures of Multi-horizon Uncertainty from Survey Density Forecasts
by , Barbara Rossi,December 2019
revised September 2021
The Global Financial Resource Curse
by , Luca Fornaro,December 2019
revised October 2023
Conditionally accepted at the American Economic Review.
Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers
by , , ,December 2019
revised December 2020
Revise & Resubmit at the Journal of Finance
Security Design in Non-Exclusive Markets with Asymmetric Information
by Vladimir Asriyan, Victoria VanascoNovember 2019
revised June 2021
R&R. Review of Economic Studies
Investor Experiences and International Capital Flows
by Victoria Vanasco, ,November 2019
A Theory of Monetary Union and Financial Integration
by Luca FornaroNovember 2019
revised April 2021
Revisions requested by the Review of Economic Studies
Previously circulated as “Monetary Union and Financial Integration”
The Review of Economic Studies, 89 (4), 2022, 1911-1947.
Forecasting in the Presence of Instabilities: How Do We Know Whether Models Predict Well and How to Improve Them
by Barbara RossiNovember 2019
revised July 2021
Published in Journal of Economic Literature, 59 (4), 2021, 1135-1190.
Comments on: “What Drives Aggregate Investment? Evidence from German Survey Data”
by Andrea CaggeseNovember 2019
Published in Journal of Economic Dynamics and Control, 115, 2020, article 103874
United States
by Teresa Garcia-Milà,October 2019
revised May 2020
Handbook of Fiscal Federalism: Comparative Experiences and Challenges, Palgrave Macmillan, 2023. Forum of Federations, Ottawa, Canada.
Understanding the Effects of Granting Work Permits to Undocumented Immigrants
by Joan Monràs, ,October 2019
revised December 2020
Previously circulated as “Understanding the Effects of Legalizing Undocumented Immigrants”.
Immigration and Spatial Equilibrium: The Role of Expenditures in the Country of Origin
by Joan Monràs,September 2019
revised August 2021
A Theory of Economic Unions
by , Giacomo Ponzetto, Jaume VenturaAugust 2019
Revised November 2019
Published in Journal of Monetary Economics, 109, 2020, 107-127.
Sharing a Government
by Jaume VenturaJuly 2019
Published in Journal of the European Economic Association, 17 (6), 2019, 1723-1752
Monetary Policy Shocks, Financial Structure, and Firm Activity: A Panel Approach
by Priit JeenasJuly 2019
On the Risk of Leaving the Euro
by , Albert Marcet,July 2019
All Aboard: The Effects of Port Development
by Dávid Krisztián Nagy, , ,July 2019
revised July 2023
Previously “Growth and Trade in a World of Cities” and “All Aboard: The Aggregate Effects of Port Development”
Firm Balance Sheet Liquidity, Monetary Policy Shocks, and Investment Dynamics
by Priit JeenasJune 2019
revised October 2023
Global Liquidity and Impairment of Local Monetary Policy
by , ,May 2019
revised November 2019
Revise & Resubmit at American Economic Journal: Macroeconomics
Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from the Euro Area Securities Register
by , ,March 2019
revised March 2020
Published in Journal of Money, Credit and Banking, 2020, 52 (S1): 197-231. DOI.
Special Issue on the 50th year anniversary of the JMCB.
OPEN ACCESS
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Summaries: VoxEU (2020) · ECB Research Bulletin (April 2020)
Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s
by , , ,March 2019
revised June 2022
Macroprudential and Monetary Policy: Loan-level Evidence from Reserve Requirements
by , , ,March 2019
revised November 2019
Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey
by Davide Debortoli, ,February 2019
Revised January 2020
Revision requested by the Journal of Political Economy
Understanding the Size of the Government Spending Multiplier: It’s in the Sign
by , Davide Debortoli,February 2019
revised September 2020
Forthcoming at the Review of Economic Studies
Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy
by , , , , ,February 2019
revised September 2020
Published in Journal of Financial Economics, 2022, 146 (2), 754-778. DOI.
CEPR VOXeu post (November 2021)
Concentration in International Markets: Evidence from US Imports
by , ,February 2019
Read a non-technical summary on VoxEU
Cyclical Fluctuations, Financial Shocks, and the Entry of Fast-Growing Entrepreneurial Startups
by , Andrea CaggeseDecember 2018
Revised June 2019
The Effects of Conventional and Unconventional Monetary Policy on Exchange Rates
by , Barbara RossiDecember 2018
Published in Journal of International Economics, 118, 2019, 419-447
Take It to the Limit? The Effects of Household Leverage Caps
by , , ,December 2018
revised February 2022
Previously circulated as ‘Macroprudential Policy and Household Leverage: Evidence from Administrative Household-Level Data’
Identifying and Estimating the Effects of Unconventional Monetary Policy: How to Do It And What Have We Learned?
by Barbara RossiDecember 2018
revised July 2020
Published in The Econometrics Journal, 24 (1), 2021, C1-C32.
Gains from Wage Flexibility and the Zero Lower Bound
by , Jordi GalíNovember 2018
revised February 2019
Oxford Bulletin of Economics and Statistics, forthcoming
When Theory Meets Practice: Can We Implement the Optimal Fiscal Federal Structure?
by Teresa Garcia-Milà,November 2018
revised July 2019
Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration
by Jordi Galí,October 2018
The Effect of Wealth on Worker Productivity
by Jan Eeckhout,October 2018
revised June 2020
R&R at the Review of Economic Studies
Firm Uncertainty Cycles and the Propagation of Nominal Shocks
by Isaac Baley,October 2018
Published in American Economic Journal: Macro, 11 (1), 2019, 276-337.
A New Approach to Measuring Economic Policy Shocks, with an Application to Conventional and Unconventional Monetary Policy
by , Barbara RossiOctober 2018
revised April 2021
Previously circulated as “The Effects of Conventional and Unconventional Monetary Policy: A New Approach”
Published in Quantitative Economics, 12 (4), 2021, 1085-1138.
Collateral Booms and Information Depletion
by Vladimir Asriyan, , Alberto MartinOctober 2018
revised December 2020
Read a non-technical summary on VOXEU
Published in Review of Economic Studies, 89 (2), 2022, 517–555
Hedger of Last Resort: Evidence from Brazil on FX Interventions, Local Credit and Global Financial Cycles
by , , ,October 2018
revised November 2022
Previously circulated as ‘US Monetary Policy and Exchange Rate: Micro Evidence on the Brazilian Credit Channel’
Securitization, Ratings, and Credit Supply
by Victoria Vanasco, ,September 2018
Who Is Afraid of Machines?
by , ,September 2018
revised June 2019
Fothcoming in Economic Policy
Confidence Intervals for Bias and Size Distortions in IV and Local Projections-IV Models
by , , Barbara RossiSeptember 2018
Revised August 2019
Published in Journal of Business and Economic Statistics, 39 (1), 2021.
The Good, the Bad and the Complex: Product Design with Imperfect Information
by Vladimir Asriyan, , Victoria VanascoSeptember 2018
revised June 2021
Previously “Strategic Complexity”
Aggregate Dynamics in Lumpy Economies
by Isaac Baley,September 2018
revised May 2019
R&R at Econometrica
Risk Aversion, Labor Risk, and Aggregate Risk Sharing with Financial Frictions
by Priit JeenasAugust 2018
Evaluating the Economic Cost of Coastal Flooding
by , , , Dávid Krisztián Nagy, , ,August 2018
revised September 2019
Accepted for publication at the American Economic Journal: Macroeconomics
Trade and Urbanization: Evidence from Hungary
by Dávid Krisztián NagyAugust 2018
revised December 2020
Conditionally accepted at the American Economic Journal: Microeconomics
From Final Goods to Inputs: The Protectionist Effect of Preferential Rules of Origin
by , Manuel Garcia-Santana, ,July 2018
Published in American Economic Association, 108 (8), 2018, 2335-2365.
Investor Experiences and Financial Market Dynamics
by Victoria Vanasco, ,July 2018
Foreign Shocks as Granular Fluctuations
by , ,May 2018
revised November 2020
Competition and the Welfare Gains from Transportation Infrastructure: Evidence from the Golden Quadrilateral in India
by , Manuel Garcia-Santana,May 2018
Published in Journal of the European Economic Association, 17 (6), 2019, 1881-1940.
The Large Consequences and the Spillover Effects of a Small Shock
by Elisa Giannone, ,May 2018
Global Market Power
by Jan EeckhoutMay 2018
revised February 2021
The Rise of Shadow Banking: Evidence from Capital Regulation
by , , ,April 2018
revised July 2020
Published in Review of Financial Studies, 2021, 34 (5), 2181-2235. Editor’s choice. DOI (Open Access)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Firms and Economic Performance: A View from Trade
by , ,March 2018
revised July 2019
Democratic Tipping Points
byMarch 2018
On the Direct and Indirect Real Effects of Credit Supply Shocks
by , Manuel Garcia-Santana,March 2018
Revised January 2020
Published in Journal of Financial Economics, 139 (3), 2021, 895-921.
Financial crises and political radicalization: How failing banks paved Hitler’s path to power
by , , ,March 2018
revised November 2020
Summaries: VoxEU (most read: all time) · Ökonomenstimme · Nada es gratis
Published in Journal of Finance 2022, 77 (6), 2993-3425. DOI.
Uncertainty and Deviations from Uncovered Interest Rate Parity
by , Barbara RossiMarch 2018
Published in Journal of International Money and Finance, 88 (1), 2018, 242-259
Strength in Diversity? Fiscal Federalism among the Fifty U.S. States
by Teresa Garcia-Milà, ,February 2018
International Tax and Public Finance, 25 (4), 2018, 1071-1091
Wealth, Marriage, and Sex Selection
by Jan Eeckhout, , , , ,February 2018
The Financial Transmission of Housing Booms: Evidence from Spain
by Alberto Martin, ,February 2018
revised September 2020
Read a non-technical summary on VOXEU
Revision requested by the American Economic Review
The Macroeconomics of Rational Bubbles: A User’s Guide
by Alberto Martin, Jaume VenturaFebruary 2018
revised February 2018
Published in Annual Review of Economics, 10 (1), 2018, 505-539
Can Global Uncertainty Promote International Trade?
by Isaac Baley, ,February 2018
Revised September 2019
Published in Journal of International Economics, 126, 2020.
International Commodity Prices and Civil War Outbreak: New Evidence for Sub-Saharan Africa and Beyond
byJanuary 2018
Quit Turbulence and Unemployment
by Isaac Baley, ,January 2018
revised September 2020
R&R at the Economic Journal
On the Empirical (Ir) Relevance of the Zero Lower Bound Constraint
by Davide Debortoli,January 2018
revised June 2019
Forthcoming in NBER Macroeconomics Annual 2019
Fiscal Multipliers and Foreign Holdings of Public Debt
by Fernando Broner, , , Alberto MartinDecember 2017
revised December 2020
Read a non-technical summary on VOXEU.
Online Appendix
Data and Replication Files
Published in The Review of Economic Studies, 89 (3), 2022, 1155-1204
Capital Misallocation and Secular Stagnation
by Andrea Caggese,December 2017
revised April 2020
Previously circulated as “Capital Misallocation and Secular Stagnation”
The Optimal Inflation Target and the Natural Rate of Interest
by , Jordi Galí, ,December 2017
revised October 2019
Global Financial Cycle, Household Credit, and Macroprudential Policies
by , , ,November 2017
revised March 2023
Previously circulated as ‘Household Credit, Global Financial Cycle, and Macroprudential Policies: Credit Register Evidence from an Emerging Country’
Management Science, accepted
The State of New Keynesian Economics: A Partial Assessment
byOctober 2017
revised June 2018
Monetary Policy and Bank Profitability in a Low Interest Rate Environment
by , ,October 2017
revised March 2018
Published in Economic Policy, 33 (96), 2018, 531-586. DOI. Repository
Summary: Barcelona GSE: Focus
Fundamental Errors in the Voting Booth
by , Giacomo PonzettoAugust 2017
First draft August 2017
Read a non-technical summary on VoxEU
Burning Money? Government Lending in a Credit Crunch
by , , ,July 2017
revised March 2019
Revise & Resubmit at the Review of Economic Studies
See Nada es Gratis
Stochastic Sorting
by Jan Eeckhout,June 2017
Liquidity Sentiments
by Vladimir Asriyan, ,June 2017
revised June 2018
Forthcoming at American Economic Review
Aggregation and Design of Information in Asset Markets with Adverse Selection
by Vladimir Asriyan, ,April 2017
revised February 2019
Forthcoming at the Journal of Economic Theory.
Monetary Policy at Work: Security and Credit Application Registers Evidence
by , ,April 2017
revised April 2018
Published in Journal of Financial Economics, 2021, 140 (3), 789-814. DOI
Uncovered Interest Parity, Forward Guidance and the Exchange Rate
by Jordi GalíMarch 2017
revised February 2020
Previously “Forward Guidance and the Exchange Rate”
International Spillovers and Local Credit Cycles
by , , ,February 2017
revised September 2020
Published in The Review of Economic Studies, 89 (2), 2022, 733-773
Optimal Transport Networks in Spatial Equilibrium
by , Edouard SchaalFebruary 2017
revised December 2019
Capital Flows and the International Credit Channel
by , , , ,January 2017
Published in Journal of International Economics, 108 (S1), 2017, 15-22. DOI (Open Access)
This is an open access article available under a Creative Commons CC-BY-NC-ND license, which permits non-commercial use of the work as published, without adaptation or alteration provided the work is fully attributed.
Optimally Vague Contracts and the Law
by , Giacomo PonzettoJanuary 2017
First draft July 2015
Previously circulated as: “Contract Innovation and Legal Evolution under Imperfect Enforcement”
The Political Economy of Transportation Investment
by , Giacomo PonzettoJanuary 2017
Revised August 2017
Published in Economics of Transportation, 13, 2018, 4-26
Impulse Response Estimation by Smooth Local Projections
by ,December 2016
The Paradox of Global Thrift
by Luca Fornaro,December 2016
revised April 2019
Read a non-technical summary on VoxEU
Published in American Economic Review, 109 (11), 2019, 3745-3779
Previously circulated as ‘Aggregate Demand Externalities in a Global Liquidity Trap’
Investment Demand and Structural Change
by Manuel Garcia-Santana, ,December 2016
revised March 2021
Published in Econometrica, 89 (6), 2021, 2751-2785.
Understanding the Gains from Wage Flexibility: The Exchange Rate Connection
by Jordi Galí,December 2016
Published in American Economic Review, vol. 106(12), 3829-3868
Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations
by Jordi GalíDecember 2016
revised January 2020
Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions
by , ,November 2016
Priors about Observables in Vector Autoregressions
by , Albert MarcetOctober 2016
Published in Journal of Econometrics, 209 (2), 2019, 238-255
Political Connections and Informed Trading: Evidence from TARP
by , , ,October 2016
revised August 2018
Published in Financial Management, 2021, 50 (3), 619-644. DOI. OPEN ACCESS
Voted number 1 article in the Fall 2021 issue of Financial Management.
Listen to C. Fons-Rosen at the Financial Management Association Annual Meeting (Top Papers in Financial Management Session) held in October 2021. Link: https://youtu.be/tikCcZduxnI (duration: 13 minutes)
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Media: Imperial College IB Knowledge (2021) · Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)
Securing Property Rights
by , , Giacomo Ponzetto,September 2016
revised July 2020
Published in Journal of Political Economy, 129 (4), 2021, 1157-1192
Designing Securities for Scrutiny∗
by Victoria Vanasco, ,September 2016
revised November 2021
R&R at the Review of Financial Studies
Previously: ” Security Design with Ratings”
Optimal Policy with General Signal Extraction
by , , Albert MarcetSeptember 2016
revised November 2019
Journal of Monetary Economics, 118, 2021, 54-86.
Financing Constraints, Radical versus Incremental Innovation, and Aggregate Productivity
by Andrea CaggeseSeptember 2016
Published in American Economic Journal, 11 (2), 2019, 275-309
Macroeconomic Uncertainty Indices for the Euro Area and its Individual Member Countries
by Barbara Rossi,September 2016
Published in Empirical Economics, 53 (1), 2017, 41-62
Stock Price Booms and Expected Capital Gains
by , , Albert MarcetAugust 2016
Published in American Economic Review, 107 (8), 2017, 2352-2408
Globalization and Political Structure
by , Giacomo Ponzetto, Jaume VenturaAugust 2016
revised October 2021
Read a non-technical summary on VoxEU
Journal of the European Economic Association, 20 (3), 2022, 1276-1310.
Monetary Policy for a Bubbly World
by Vladimir Asriyan, Luca Fornaro, Alberto Martin, Jaume VenturaJuly 2016
revised May 2020
Read a non-technical summary on VOXEU
Published in The Review of Economic Studies, 88 (3), 2021, 1418–1456
Firing the Wrong Workers: Financing Constraints and Labor Misallocation
by Andrea Caggese, ,June 2016
Published in Journal of Financial Economics, 133 (3), 2019, 589-607
Aggregate Demand and the Dynamics of Unemployment
by Edouard Schaal,June 2016
revised May 2019
The Geography of Development
by Dávid Krisztián Nagy, ,June 2016
Forthcoming in Journal of Political Economy
Anticipating the Financial Crisis: Evidence from Insider Trading in Banks
by , ,May 2016
revised December 2019
Published in Economic Policy, 35 (102), 2020, 213-267. DOI. Repository. Editor’s choice.
Summaries: VoxEU column (2020) · LSE Business Review (2020) · Imperial Business School, IB Knowledge newsletter (2020) · Institute for New Economic Thinking (2016)
Understanding the Sources of Macroeconomic Uncertainty
by Barbara Rossi, ,May 2016
revised March 2019
Uncertainty Traps
by Edouard Schaal, ,May 2016
The Quarterly Journal of Economics, 2017 vol. 32 (4) 1641-1692
Pareto-Improving Optimal Capital and Labor Taxes
by , , Albert MarcetApril 2016
revised July 2022
Journal of Political Economy, 131 (7), 2023, 1904-1946
Reverse Speculative Attacks: A Comment
by Alberto MartinApril 2016
Published in Journal of Economic Dynamics and Control, 72C, 2016, 138-140
In-sample Inference and Forecasting in Misspecified Factor Models
by , Barbara RossiApril 2016
Published in Journal of Business and Economic Statistics, 34 (3), 2016, 313-338
Long Term Government Bonds
by , Albert Marcet, ,March 2016
Hinterlands, City Formation and Growth: Evidence from the U.S. Westward Expansion
by Dávid Krisztián NagyMarch 2016
revised January 2023
Previously: “City Location and Economic Development”
R&R, Review of Economic Studies
Firm Debt Deflation, Household Precautionary Savings, and the Amplification of Aggregate Shocks
by Andrea Caggese, ,March 2016
Previously circulated as “The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks”
Revised February 2019
Growing like Spain: 1995-2007
by Manuel Garcia-Santana, , ,February 2016
Revised November 2018
Published in International Economic Review, 61 (1), 2020, 383-416.
Infrastructure, Incentives and Institutions
by , , Giacomo PonzettoLonger version
January 2016
Published in American Economic Review: Papers and Proceedings, 106 (5), 2016, 77-82
Gaussian Mixture Approximations of Impulse Responses and the Non-Linear Effects of Monetary Shocks
by ,January 2016
previously circulated as: Measuring the Non-Linear Effects of Monetary Policy, March 2014
revised June 2016
Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?
by Davide Debortoli, , ,December 2015
revised March 2017
Revised July 2018
The Economic Journal, 129 (621), 2019, pgs. TBC
Monetary Policy and Bank Lending in Developing Countries: Loan Applications, Rates, and Real Effects
by , , , ,December 2015
revised March 2019
Published in Journal of Development Economics, 139, 2019, 185-202. DOI (Open Access)
This is an open access article available under a Creative Commons CC-BY-NC-ND license, which permits non-commercial use of the work as published, without adaptation or alteration provided the work is fully attributed.
Media: VoxEU · The Economist (2019) · World Bank study on inflation in emerging and developing economies (2019)
Trade, Finance and Endogenous Firm Heterogeneity
by , ,December 2015
revised July 2017
Journal of the European Economic Association, 17 (1), 2019, 79-130
Read a non-technical summary on VoxEU
Global Imbalances Revisited: The Transfer Problem and Transport Costs in Monopolistic Competition
by ,December 2015
revised February 2017
Published in Journal of International Economics, 108, 2017, 99-116
On the Demographic Adjustment of Unemployment
by ,November 2015
revised July 2016
A Note on Martin Hellwig’s “The Gali-Monacelli Model of a Small Open Economy has no International Trade
by Jordi Galí,November 2015
Economic Uncertainty and Structural Reforms
by ,October 2015
revised July 2018
Media coverage: La Vanguardia (in Spanish)
Read a non-technical summary on VoxEU
Coordinating Business Cycles
by Edouard Schaal,September 2015
Insider-Outsider Labor Markets, Hysteresis and Monetary Policy
by Jordi GalíSeptember 2015
revised May 2020
Urban Networks: Connecting Markets, People, and Ideas
by , Giacomo Ponzetto,September 2015
revised December 2015
Published in Papers in Regional Science, 95 (1), 2016, 17-59
Link to a presentation by G. Ponzetto at the CERGE-EI “Economics of Livable Cities” Conference held in Prague on 14 March 2016 [+] [From minute 50 onwards]
Uncertainty and Unemployment
by Edouard SchaalAugust 2015
Forthcoming in Econometrica
Optimal Spatial Taxation: Are Big Cities too Small?
by Jan Eeckhout,July 2015
R&R Journal of the European Economic Association
Can a Financial Transaction Tax Stock Price Booms?
by , , Albert Marcet,July 2015
Published in Journal of Monetary Economics, 76 (Suplement), 2015, S90-S109
Hysteresis and the European Unemployment Problem Revisited
by Jordi GalíJune 2015
Debt into Growth: How Sovereign Debt accelerated the First Industrial Revolution
by Jaume Ventura,May 2015
Cross-border interbank liquidity, crises, and monetary policy
by , , ,April 2015
revised April 2017
Published in Journal of International Economics 2022, 139, 103657. DOI.
Test for the Validity of Portfolio or Group Choice in Financial and Panel Regressions
by , Barbara RossiMarch 2015
The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects
by , , ,March 2015
revised October 2018
Published in Journal of Finance, 74 (1), 2019, 55-90. DOI. Repository
Securities Trading by Banks and Credit Supply: Micro-Evidence from the Crisis
by , , ,February 2015
revised October 2015
Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.
Summary on VoxEU
Identifying the Sources of Misspecication
by , , Barbara RossiFebruary 2015
revised June 2018
Journal of Monetary Economics, 110, 2020, 1-18
Double Bank Runs and Liquidity Risk Management
by , , ,February 2015
revised May 2016
Published in Journal of Financial Economics, 122 (1), 2016, 135-154. DOI. Repository.
Summary on VoxEU
Stagnation Traps
by , Luca FornaroJanuary 2015
revised July 2017
Published in The Review of Economic Studies, 85 (3), 2018, 1425-1470
Information Spillovers in Asset Markets with Correlated Values
by Vladimir Asriyan, ,January 2015
revised December 2016
Published in American Economic Review, 2017, 107 (7), 2007-2040
Balance Sheet Channel with Information and Trading Frictions
by Vladimir AsriyanJanuary 2015
revised April 2020
R&R 2nd round at Review of Economic Studies
The International Transmission of Credit Bubbles: Theory and Policy
by Alberto Martin, Jaume VenturaJanuary 2015
revised September 2015
Published in Journal of Monetary Economics, 76, 2015, S37-S56
Betting on Exports: Trade and Endogenous Heterogeneity
by , ,December 2014
revised April 2016
Published in The Economic Journal, 128 (609), 2018, 612-651.
Read a non-technical summary on VoxEU
The Long and the Short of It: Sovereign Debt Crises and Debt Maturity
by , Alberto MartinDecember 2014
revised September 2015
Large Capital Inflows, Sectoral Allocation, and Economic Performance
by , , Luca FornaroNovember 2014
Published in Journal of International Money and Finance, 55, 2015, 60-87
The Real Effects of the Bank Lending Channel
by , , ,November 2014
revised March 2019
Published in Journal of Monetary Economics, 115, 2020, 162-179. DOI. Open Access.
Previously circulated as ‘Local Versus Aggregate Lending Channels: The Effects of Securitization on Corporate Credit Supply in Spain’
This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You are not required to obtain permission to reuse this article.
Informed Intermediation over the Cycle
by Vladimir Asriyan, Victoria VanascoNovember 2014
From Micro to Macro via Production Networks
byOctober 2014
Journal of Economic Perspectives, 28 (4), 23-48, 2014
Do Demand or Supply Factors Drive Bank Credit, in Good and Crisis Times?
by , , ,October 2014
revised April 2017
Previously circulated as ‘Credit Demand Forever?’ On the Strengths of Bank and Firm Balance-Sheet Channels in Good and Crisis Times’
Contrasting Bayesian and Frequentist Approaches to Autoregressions: The Role of the Initial Condition
by , Albert MarcetSeptember 2014
Asset Bubbles and Sudden Stops in a Small Open Economy
by Alberto Martin, Jaume VenturaSeptember 2014
Published in C. Raddatz, D. Saravia and J. Ventura (eds.), Global Liquidity, Spillovers to Emerging Markets, and Policy Responses, Central Bank of Chile, 2014, 315-341.
Forecasting in Nonstationary Environments: What Works and What Doesn’t in Reduced-Form and Structural Models
by , Barbara RossiSeptember 2014
Published in Annual Review of Economics, 7, 2015, 207-229
The Effects of a Money-Financed Fiscal Stimulus
by Jordi GalíAugust 2014
revised December 2018
forthcoming in Journal of Monetary Economics
Technological Change and the Decline of Public Investment
by Davide Debortoli,July 2014
Bridges
by , , Dávid Krisztián NagyJuly 2014
Under-Employment and the Trickle-Down of Unemployment
by ,Appendix
July 2014
revised July 2016
Agricultural Risk and the Spread of Religious Communities
by ,Supplementary Appendix
July 2014
revised October 2016
Published in Journal of the European Economic Association, 16 (4), 2018, 1021-1068.
Gender Peer Effects in School, a Birth Cohort Approach
by ,June 2014
Forecast Rationality Tests in the Presence of Instabilities, With Applications to Federal Reserve and Survey Forecasts
by Barbara Rossi,June 2014
revised November 2014
Published in Journal of Applied Econometrics, 31 (3), 2016, 507-532
Optimal Window Selection in the Presence of Possible Instabilities
by , , Barbara RossiJune 2014
revised April 2016
Journal of Econometrics, 196 (1), 2017, 55-67.
Intellectual Property Rights and Efficient Firm Organization
by Giacomo PonzettoMay 2014
First draft December 2008
Declining Labor Force Attachment and Downward Trends in Unemployment and Participation
by ,May 2014
previously circulated as: Declining Labor Force Attachment and Downward Trends in Unemployment and Participation, October 2013
Forthcoming in 2015 NBER Macroeconomics Annual
Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on the International Transmission of Financial Shocks
by , ,May 2014
Published in IMF Economic Review 63 (4), 698-750. DOI. Repository.
Input Diffusion and the Evolution of Production Networks
by ,March 2014
updated February 2015
Large Firm Dynamics and the Business Cycle
by ,March 2014
revised April 2015
earlier version: "Firm Dynamics and the Granular Hypothesis"
Public Information in Populations with Heterogeneous Interests
byFebruary 2014
Supply Chain Disruptions: Evidence from Great East Japan Earthquake
by , ,February 2014
(abstract only)
Highway to Hitler
by ,February 2014
updated May 2014
Macroeconomic Uncertainty Indices based on Nowcast and Forecast Error Distributions
by Barbara Rossi,January 2014
Published in American Economic Review: Papers and Proceedings, 105 (5), 2015, 650-55
The Ins and Outs of Forecasting Unemployment Across Countries
by ,December 2013
Latest forecast for OECD countries available here
Published in European Economic Review, Special issue on European Unemployment, 84, 2016, 165-183
Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
by ,November 2013
NBER wp series 19957
updated March 2014
One Effect to rule them All? A Comment on Quantifying the Influence of Climate on Human Conflict
by ,November 2013
Published in Climatic Change, 127 (3-4), 2014, 391-397
The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence
by Jordi Galí,October 2013
revised December 2013
The Global Welfare Impact of China: Trade Integration and Technologia Change
by , ,October 2013
American Economic Journal: Macroeconomics, 6 (3), 2014, 153-183
Firms, Detinations, and Aggregate Fluctuations
by , ,October 2013
Econometrica, 82 (4), 2014, 1303-1340
Heterogeneity, Selection and Labor Market Disparities
by ,October 2013
revised February 2018
Review of Economic Dynamics, 31, 2019, 305-325
Read a non-technical summary on VoxEU
Labor Market Heterogeneity and an Aggregate Matching Function
by ,September 2013
Formally circulated under the title: "What drives Movements in Matching Efficiency, A Tale of Composition and Dispersion" FEDS Working Paper 2011-10)
Published in American Economic Journal: Macroeconomics, 7 (4), 2015, 222-249
Recreating the South Sea Bubble: Lessons from an Experiment in Financial History
by , ,August 2013
Gifts of Mars: Warfare and Europe’s Early Rise to Riches
by ,August 2013
Published in Journal of Economic Perspectives, 27 (4), 2013, 165-186
Income-Induced Expenditure Switching
by ,July 2013
revised February 2014
American Economic Review, 106 (12), 2016, 3898-3931
Trusting the Bankers: Another Look at the Credit Channel of Monetary Policy
by , ,July 2013
Published in Review of Economic Dynamics, 18 (4), 2015, 979-2002. DOI. Repository.
Isaac Kerstenetzky Award 2010 Honourable Mention
Banks, Government Bonds, and Default: What do the Data Say?
by , Alberto Martin,June 2013
revised July 2017
Journal of Monetary Economics, 98, 2018, 98-113.
Bowling for Fascism: Social Capital and the Rise of the Nazi Party in Weimar Germany, 1919-33
by , ,June 2013
NBER working paper 19201
revised January 2014
Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-out Effects
by Fernando Broner, , Alberto Martin, Jaume VenturaJune 2013
revised November 2013
Published in Journal of Monetary Economics, 61, 2014, 114-142
Alternative Tests for Correct Specification of Conditional Predictive Densities
by Barbara Rossi,June 2013
revised June 2018
Published in Journal of Econometrics, 208 (2), 2019, 638-657
Hazardous Times for Monetary Policy: What do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?
by , , ,May 2013
Published in Econometrica, 82 (2), 2014, 463-505. DOI. Repository.
The copyright to this article is held by the Econometric Society, https://www.econometricsociety.org/. It may be downloaded, printed and reproduced only for personal or classroom use. Absolutely no downloading or copying may be done for, or on behalf of, any for-profit commercial firm or for other commercial purpose without the explicit permission of the Econometric Society.
The Real Estate and Credit Bubble: Evidence from Spain
by , , , ,May 2013
Published in SERIEs-Journal of the Spanish Economic Association, 5 (2-3), 2014, 223-243. DOI (Open Access)
Winner of the 2nd edition of the SERIEs award
This article is published under license to BioMed Central Ltd. Open Access. This article is distributed under the terms of the Creative Commons Attribution License which permits any use, distribution, and reproduction in any medium, provided the original author(s) and the source are credited.
Finance and the Preservation of Wealth
by , ,May 2013
The Financial Resource Curse
by , Luca FornaroMay 2013
Published in The Scandinavian Journal of Economics, 116 (1), 2014, 58-86
Competition for Attention
by , ,April 2013
Revised May 2013
Dynastic Income Mobility
byMarch 2013
Growth in Regions
by , , ,March 2013
A Global View of Cross-Border Migration
by , ,March 2013
Journal of the European Economic Association, 13 (1), 2015, 168-202
Conditional Predictive Density Evaluation in the Presence of Instabilities
by Barbara Rossi,February 2013
Published in Journal of Econometrics, 177 (2), 2013, 199-212
Evaluating Predictive Densities of U.S. Output Growth and Inflation in a Large Macroeconomic Data Set
by Barbara RossiFebruary 2013
Published in International Journal of Forecasting, 30 (3), 2014, 662-682
Married to Intolerance: Attitudes towards Intermarriage in Germany, 1900-2006
by ,January 2013
Published in American Economic Review. Papers and Proceedings, 103 (3), 2013, 79-85
On the Coexistence of Fiat Money and Real Asset Bubbles: A Note
by Jordi GalíJanuary 2013
Do DSGE Models Forecast More Accurately Out-of-Sample than Reduced-Form Models?
by , , Barbara RossiJanuary 2013
revised July 2013
Published in T. Fomby, L. Kilian and A. Murphy (eds.), “VAR Models in Macroeconomics, Financial Econometrics, and Forecasting – New Developments and Applications: Essays in Honor of Christopher A. Sims”, Advances in Econometrics vol. 32, 2013, 27-80
Reprisals Remembered: German-Greek Conflict and Car Sales during the Euro Crisis
by ,December 2012
revised October 2013
Offshoring and Directed Technical Change
by , ,November 2012
Published in American Economic Journal: Macroeconomics, 7 (3), 2015, 84-112
Globalization, Technology and Inequality
byNovember 2012
Prepared for Els Opuscles del CREI
International Debt Deleveraging
by Luca FornaroNovember 2012
revised September 2016
Published in Journal of the European Economic Association, 16 (5), 2018, 1394-1432
Optimal Redistributive Policy in a Labor Market with Search and Private Information
by Edouard Schaal,October 2012
Patterns of Convergence and Divergence in the Euro Area
by , Jordi Galí,October 2012
revised October 2013
Managing Credit Bubbles
by Alberto Martin, Jaume VenturaOnline appendix
October 2012
revised March 2015
Published in Journal of the European Economic Association, 14 (3), 2016, 753-789
Uncertainty, Electoral Incentives and Political Myopia
by ,October 2012
Published in Economic Journal, 123 (1), 2013, 373-400 (previously 'The Political Cost of Reforms')
Read a non-technical summary on VoxEU
Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment
by Jordi GalíSeptember 2012
revised December 2012
Published in Journal of the European Economic Association, vol. 11(5) 973-1003
Financial Reforms and Capital Flows: Insights from General Equilibrium
by Alberto Martin, Jaume VenturaSeptember 2012
Published in R. Caballero, and K. Schmidt-Hebbel (eds.), Economc Policy in Emerging Economies, Central Bank of Chile, 2015, 109-138
The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
by ,September 2012
Published in Journal of Development Economics, 104, 2013, 199-211
Comment on “Taylor Rule Exchange Rate Forecasting during the Financial Crisis” by T. Molodtsova and D. Papell
by Barbara RossiSeptember 2012
Published in NBER International Seminar on Macroeconomics 2012 Book Series, Chicago: University of Chicago Press, 2013
Shrouded Costs of Government: The Political Economy of State and Local Public Pensions
by , Giacomo PonzettoAugust 2012
revised June 2013
Published in Journal of Public Economics, 116 (1), 2014, 86-105
Fiscal Policy and Macroeconomic Performance: an Overview
by , Jordi GalíAugust 2012
Published by L.F. Céspedes and J. Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago de Chile), 2012, 1-21
Speculation, Risk Premia and Expectations in the Yield Curve
by ,August 2012
revised November 2013
Agricultural Productivity and Structural Transformation. Evidence from Brazil
by , ,Appendix
July 2012
last revised June 2015
revise and resubmit American Economic Review
Money Doctors
by , ,June 2012
A New Approach to Measure the Impact of Highways on Business Location with an Application to Spain
by Teresa Garcia-Milà,June 2012
revised June 2013
Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments
by , , ,May 2012
revised August 2016
Published in Journal of Political Economy, 125 (6), 2017, 2126-2177. DOI. Repository.
Estimating Overidentified, Nonrecursive, Time-varying Coefficients Structural VARs
by ,May 2012
Contractual Resolutions of Financial Distress
by ,May 2012
Forthcoming in The Review of Financial Studies
Reserve Accumulation, Growth and Financial Crises
by , Luca Fornaro,April 2012
revised March 2022
Do Institutions and Culture matter for Business Cycles?
by ,April 2012
Star Wars: The Empirics Strike Back
by , , ,March 2012
revised March 2013
Salience and Consumer Choice
by , ,March 2012
revised July 2013
(Re-) Shaping Hatred: Anti-Semitic Attitudes in Germany, 1890-2006
by ,March 2012
CEPR discussion paper 8935
updated July 2013
The Impact of Government Debt Maturity on Inflation
by , Albert Marcet, ,February 2012
Protests and Beliefs in Social Coordination in Africa
by ,February 2012
revised March 2012
Understanding Bubbly Episodes
by , Alberto Martin, Jaume VenturaJanuary 2012
Published in American Economic Review: Papers & Proceedings, 102 (3), 2012, 95-100
Natural natural disasters and economic disruption
byJanuary 2012
The Ins and Outs of Forecasting Unemployment: Using Labor Force Flows to Forecast the Labor Market
by ,January 2012
revised September 2012
Published in Brookings Papers on Economic Activity, Fall 2012, 83-131
The Changing Relationship between Commodity Prices and Equity Prices in Commodity Exporting Countries
by Barbara RossiJanuary 2012
revised October 2012
Published in IMF Economic Review, 60 (4), 2012, 533-539
Man Bites Dog Business Cycles
byDecember 2011
revised December 2013
fortcomning American Economic Review
Do Tropical Typhoons Smash Community Ties? Theory and Evidence from Vietnam
byDecember 2011
Salience Theory of Choice Under Risk
by , ,December 2011
Published in Quarterly Journal of Economics, 127 (3), 2012, 1243-1285.
Salience in Experimental Tests of the Endowment Effect
by , ,December 2011
Published in American Economic Review P&P, 102 (3), 2012, 47-52.
Forecasting in Macroeconomics
by , Barbara RossiDecember 2011
Published in N. Hashimzade and M. Thornton (eds.) Handbook of Research Methods and Applications in Empirical Macroeconomics, Cheltenham, UK: Edward Elgar Publishing Ltd., 2013, 618-658
Consistent Model Selection over Rolling Windows
by , , Barbara RossiDecember 2011
Published in N. Swanson and X. Chen (eds.) Recent Advances and Future Directions in Causality, Prediction, and Specification Analysis. Essays in Honor of Halbert L. White Jr, Springer, 2012
State Capacity and Military Conflict
by ,November 2011
revised October 2013
CEPR discussion paper 8699
Schooling Supply and the Structure of Production: Evidence from US States 1950-1990
by ,November 2011
Dynastic Management
by ,November 2011
Forthcoming in Economic Inquiry
Exchange Rate Predictability
by Barbara RossiNovember 2011
revised February 2013
Published in Journal of Economic Literature, 51 (4), 2013, 1063-1119
Political Centralization and Government Accountability
by , , Giacomo PonzettoOctober 2011
Published in Quarterly Journal of Economics, 131 (1), 2016, 381–422
The Network Origins of Aggregate Fluctuations
by , , ,October 2011
Published in Econometrica, 80 (5), 2012, 1977-2016
Slow Recoveries: A Structural Interpretation
by Jordi Galí, ,October 2011
revised May 2012
Published in Journal of Money, Credit and Banking, 44 (2), 2012 9-30
Wealth Distribution and Human Capital: How Do Borrowing Constraints Shape Schooling Systems?
by Martí MestieriSeptember 2011
Search with Diminishing Returns to Labor
by ,September 2011
revised January 2012
Selective Hiring and Welfare Analysis in Labor Market Models
by ,August 2011
revised January 2012
Out-of-Sample Forecast Tests Robust to the Choice of Window Size
by , Barbara RossiAugust 2011
revised April 2012
Published in Journal of Business and Economic Statistics, 30 (3), 2012, 432-453
Monte Carlo simulation codes [+]
Simple Matlab code to implement the tests proposed in this paper [+]
Comment on “Forecast Rationality Tests Based on Multi-Horizon Bounds”
by Barbara RossiAugust 2011
Published in Journal of Business and Economic Statistics, 30 (1), 2012, 25-29
Structural Unemployment
by ,July 2011
Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008
by ,July 2011
revised October 2012
CEPR discussion paper 8513
House Price Booms and the Current Account
by , , Albert MarcetJuly 2011
Published in NBER Macroeconomics Annual, 26 (1), 2012, 77-122
Advances in Forecasting Under Instabilityu0003
by Barbara RossiJuly 2011
revised June 2012
Published in G. Elliott and A. Timmermann (eds.) Handbook of Forecasting, Volume 2B, Amsterdam: Elsevier-North Holland, 2013
Appendix [+]
Funding Empire: Risk, Diversification, and the Underwriting of Early Modern Sovereign Loans
by ,June 2011
Forthcoming in Festschrift for Joel Mokyr
How Important is the Intensive Margin of Labor Adjustement?
byJune 2011
revised October 2011
Published in Journal of Monetary Economics, 59 (1), 2012, 57-63
Estimating the Effect of Transitory Economic Shocks on Civil Conflict
byJune 2011
Published in Review of Economics and Institutions, 4 (2), 2013, 1-14
Bubbly Business Cycles
by , Alberto Martin, Jaume VenturaJune 2011
Sources of Comparative Advantage in Polluting Industries
by Fernando Broner, ,Appendices
June 2011
revised December 2016
Spinning Welfare: The Gains from Process Innovation in Cotton and Car Production
by ,May 2011
LSE-CEP discussion paper 1050
Can Oil Prices Forecast Exchange Rates?
by , , Barbara RossiMay 2011
revised January 2015
Published in Journal of International Money and Finance, 54 (1), 2015, 116-141
Matlab codes [+]
Debt, Default and Empire: State Capacity and Economic Development in England and Spain in the Early Modern Period
byApril 2011
Forthcoming in Economic History Review (2011 Tawney Memorial Lecture)
Uemployment in an Estimated New Keynesian Model
by Jordi Galí, ,April 2011
revised June 2011
Published in NBER Macroeconomics Annual, 2011, 329-360
Monetary Policy and Rational Asset Price Bubbles
by Jordi GalíApril 2011
revised Agost 2013
A Model of Shadow Banking
by , ,April 2011
revised May 2012
Forthcoming in Journal of Finance
Recursive Contracts
by Albert Marcet,March 2011
revised March 2017
Published in Econometrica, 87 (5), 2019, 1589-1632
Human Capital and Regional Development
by , , ,March 2011
revised July 2012
Forthcoming in Quarterly Journal of Economics
Fiscal Policy, Pricing Frictions and Monetary Accommodation
by ,March 2011
revised June 2011
Published in Economic Policy, 26 (68), 2011, 555-598
Are Central Banks' Projections Meaningful?
byMarch 2011
Published in the Journal of Monetary Economics, 58 (6-8), 2011, 537-550
The Shimer Puzzle and the Endogeneity of Productivity
byMarch 2011
revised June 2014
Optimal Contracts with Enforcement Risk
byMarch 2011
Forthcoming in Journal of the European Economic Association
Mediterranean Business Cycles: Structure and Characteristics
by ,February 2011
revised May 2012
Tightening Tensions: Fiscal Policy and Civil Unrest in Eleven South American Countries, 1937-1995
byFebruary 2011
revised February 2012
Published in L. Céspedes, J. Galí (eds.) Fiscal Policy and Macroeconomic Performance, Series on Central Banking Analysis and Economic Polices, Santiago: Central Bank of Chile, vol. 17, 2013
Oil Price Shocks, Income, and Democracy
by , ,February 2011
Published in Review of Economics and Statistics, 94 (2), 2012, 389-399
Economic Shocks and Civil Conflict: A Comment
byFebruary 2011
Published in American Economic Journal: Applied Economics, 3 (4), 2011, 215-227
Heterogeneous Consumers and Policy Shocks
by , , Barbara RossiFebruary 2011
revised December 2015
Published in Journal of Money, Credit and Banking, 48 (8), 2016, 1877-1888
Financial Crises and Exchange Rate Policy
by Luca FornaroOnline Appendix
February 2011
revised November 2014
Published in Journal of International Economics, 95 (2), 2015, 202-215
ClubMed? Cyclical Fluctuations in the Mediterranean Basin
by ,January 2011
revised March 2012
Published in Journal of International Economics, 88 (1), 2012, 162-175
Persecution Perpetuated: Medieval Origins of Anti-Semitic Violence in Nazi Germany
by ,December 2010
revised June 2011
CEPR WP # 17113
Published in The Quarterly Journal of Economics, 127 (3), 2012, 1339–1392
Which Industries are Shifting the Beveridge Curve?
by , , ,December 2010
revised October 2011
Published in Monthly Labor Review, 135 (6), 2012
International Capital Flows and Credit Market Imperfections: a Tale of Two Frictions
by Alberto Martin,November 2010
revised July 2011
Published in Journal of International Economics, 89 (2), 2013, 441-452
Autoregressions in Small Samples, Priors about Observables and Initial Conditions
by , Albert MarcetOctober 2010
Trade Liberalization, Exports and Technology Upgrading: Evidence on the impact of MERCOSUR on Argentinean Firms
byOctober 2010
Published in American Economic Review, 101 (1), 2011, 304-340
Non-Ricardian Aspects of Fiscal Policy in Chile
by , , Jordi GalíOctober 2010
Published by L.F. Céspedes and J.Galí (eds.), Fiscal Policy and Macroeconomic Performance, Central Bank of Chile (Santiago, Chile), 2012, 293-332
The Lumpy Job Separation Rate: Reconciling Search Models with the Ins and Outs of Unemployment
byAppendix B
October 2010
Why did the US unemployment rate used to be so low? (And why it can be again)
by ,October 2010
revised February 2013
Estimating Cross-Industry Cross-Country Models Using Benchmark Industry Characteristics
by ,September 2010
revised June 2016
Risk Sharing with the Monarch: Excusable Defaults and Contingent Debt in the Age of Philip II, 1556-1598
by ,September 2010
revised October 2013
Forthcoming in Cliometrica
What drives Movements in the Unemployment Rate? A Decomposition of the Beveridge Curve
by ,September 2010
(FEDS Working Paper 2010-48)
Unemployment Fluctuations and Stabilization Policies: A New Keynesian Perspective
by Jordi GalíAugust 2010
Published by MIT Press (Cambridge MA) 2011
Structural Development Accounting
by , ,July 2010
revised February 2011
Published in Advances in Economics and Econometrics: Theory and Applications, D. Acemoglu, M. Arellano and E. Dekel (eds.), Tenth World Congress of the Econometric Society (Econometric Society Monographs), vol. II, 2013, NY/Cambridge: Cambridge University Press, ISBN: 9781107638105.
Tobin Meets Oates: Solidarity and the Optimal Fiscal Federal Structure
by , Teresa Garcia-Milà,July 2010
Published in International Tax and Public Finance, 20 (3), 2013, 450-473
Gross Capital Flows: Dynamics and Crises
by Fernando Broner, , ,June 2010
revised December 2012
Stata data and do files to generate tables and figures
Non-technical summary at VOXEU
Published in Journal of Monetary Economics 60 (1), 2013, 113-133
The Monetary Pillar and the Great Financial Crisis
by Jordi GalíJune 2010
Published in The Great Financial Crisis: Lessons for Financial Stability and Monetary Policy, European Central Bank, 2012, 74-95
Cities, Skills, and Regional Change
by , Giacomo Ponzetto,June 2010
revised March 2011
Published in Regional Studies, 48 (1), 2014, 7-43
The Dynamics of US Inflation: Can Monetary Policy explain the Changes?
by ,June 2010
Published in Journal of Econometrics, 167 (1), 2012, 47-60
Theoretical Notes on Bubbles and the Current Crisis
by Alberto Martin, Jaume VenturaMay 2010
revised February 2011
Read a non-technical summary on VOXEU
Published in IMF Economic Review, 59 (1), 2011, 6-40
Neglected Risks, Financial Innovation, and Financial Fragility
by , ,May 2010
revised September 2010
Published in Journal of Financial Economics, 104, 2012, 452-468
Predicting Agri-Commodity Prices: An Asset Pricing Approach
by , , Barbara RossiMay 2010
Published in Munier, B. Global Uncertainty and the Volatility of Agricultural Commodities Prices, Amsterdam: IOS Press, 2012
Competing Engines of Growth: Innovation and Standardization
by , ,April 2010
revised August 2010
Published in Journal of Economic Theory, 147 (2), 2012, 570-601
Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications
by , , ,February 2010
revised December 2011
Published in American Economic Review, 102 (5), 2012, 2301-2326. DOI. Repository
The Great Diversification and its Undoing
by ,January 2010
revised November 2011
Published in American Economic Review, 103 (5), 2013, 1697-1727
Speculative Dynamics in the Term Structure of Interest Rates
byDecember 2009
revised September 2012
Judicial Discretion in Corporate Bankruptcy
by ,December 2009
Published in Review of Financial Studies, 23 (11), 2010, 4078-4114
A Low Dimensional Kalman Filter for Systems with Lagged Observables
byNovember 2009
Japan’s Lost Decade: Does Money have a Role?
by , ,November 2009
Published in Journal of the Japanese and International Economies, 24 (2), 2010, 178-195
What Comes to Mind
by ,November 2009
revised June 2010
Published in Quarterly Journal of Economics, 125 (4), 2010, 1399-1433
Model Comparisons in Unstable Environments
by , Barbara RossiNovember 2009
revised January 2015
Published in International Economic Review, 57 (2), 2016, 369-392
Monetary Policy and Unemployment
by Jordi GalíOctober 2009
revised February 2010
Published in B. Friedman and M. Woodford (eds) Handbook of Monetary Economics, Elsevier B.V., 3A, 2011, 487-546
The Ins and Outs of Unemployment: A Conditional Analysis
by , ,October 2009
revised January 2012
Forthcoming in The Economic Journal
Clusters of Entrepreneurship
by , , Giacomo PonzettoSeptember 2009
Published in Journal of Urban Economics, 67 (1), 2010, 150-168
Determinants of Economic Growth: Will Data Tell?
by ,September 2009
Published in American Economic Journal: Macroeconomics, 2 (4), 2010, 222-246
Sovereign Default, Domestic Banks and Financial Institutions
by , Alberto Martin,August 2009
revised February 2012
Read a non-technical summary on VOXEU
Published in The Journal of Finance, 69 (2), 2014, 819-866
International Commodity Prices, Growth, and the Outbreak of Civil War in Sub-Saharan Africa
by ,August 2009
Published in The Economic Journal, 120 (544), 2010, 519-534
Does Money Matter in Shaping Domestic Business Cycles? An International Investigation
by ,Appendix
July 2009
revised November 2010
Published in Journal of Money, Credit and Banking, 43 (4), 2011, 577-609
Growth, Selection and Appropriate Contracts
by ,July 2009
Published in Review of Economic Dynamics, 17 (1), 2014, 21-38
The Return of the Wage Phillips Curve
by Jordi GalíJune 2009
revised February 2010
Published in Journal of the European Economic Association, 9 (3), 2011, 436-461
Sweet Diversity: Colonial Goods and the Welfare Gains from Trade after 1492
by ,May 2009
revised January 2011
CEPR discussion paper 7286
Standardized Enforcement: Access to Justice vs Legal Innovation
by ,April 2009
revised June 2012
Stare Decisis: Rhetoric and Substance
by , Giacomo PonzettoMarch 2009
revised April 2010
Published in Journal of Law, Economics and, Organization, 28 (2), 2012, 313-336
Do Institutional Changes Affect Business Cycles? Evidence from Europe
by , ,Appendix
March 2009
revised April 2012
Published in Journal of Economic Dynamics and Control, 36 (10), 2012, 1520-1533
Comment to ” Weak Instruments Robust Tests in GMM and the New Keynesian Phillips Curve” by F. Kleibergen and S. Mavroeidis
byJanuary 2009
Published in Journal of Business and Economic Statistics, 27 (3), 2009, 311-315
Trading Silver for Gold. 19th Century Asian Exports and the Political Economy of Currency Union
by ,January 2009
Published in R. Barro, J. Lee (eds.), Costs and Benefits of Regional Economic Integration, Oxford: Oxford University Press, 2010
Discussion of Laurence Ball’s “Hysteresis in Unemployment”
by Jordi GalíJanuary 2009
How the West “Invented” Fertility Restriction
by ,December 2008
revised December 2012
NBER WP # 17314
Published in American Economic Review, 103 (6), 2013, 2227-2264
A Medium-scale Open Economy Model of Australia
by ,December 2008
Reserve Bank of Australia RDP 2008-7
Published in Economic Record, 87 (276), 2011, 11-36
Trade, Markup Heterogeneity and Misallocations
by ,December 2008
revised August 2010
Published in Journal of International Economics, 83, 2011, 1-13
Bridging Cyclical DSGE Models and the Raw Data
byNovember 2008
revised May 2012
Multiple Filtering Devices for the Estimation of Cyclical DSGE Models
by ,November 2008
revised September 2010
Published in Quantitative Economics, 2 (1), 2011, 73-98
Combining Multivariate Density Forecasts using Predictive Criteria
by ,October 2008
Earlier version available as Reserve Bank of Australia RDP 2008-2 (May 2008)
Serial Defaults, Serial Profits: Sovereign Lending in the Age of Philip II
by ,October 2008
revised March 2010
Published in Explorations in Economic History, 48 (19), 2011, 1-19
Explorations Prize for best article published in Explorations in Economic History in 2010/11
Technological Change and the Wealth of Nations
by ,October 2008
Published in Annual Review of Economics, 1, 2009, 93-120
Rain and the Democratic Window of Opportunity
by ,Data and Estimation Programs
Web Appendix
October 2008
Published in Econometrica, 79 (3), 2011, 923-947
Monetary Policy, Risk-Taking and Pricing: Evidence from a Quasi-Natural Experiment
by , ,October 2008
revised June 2014
Published in Review of Finance, 19(1), 2015, 95-144. DOI. Repository.
The Vanishing Procyclicality of Labour Productivity
by Jordi Galí,August 2008
revised November 2019
Transitory Economic Shocks and Civil Conflict
bySupplementary Figures
Web Appendix
August 2008
revised December 2010
A Model of Collateral, Investment, and Adverse Selection
by Alberto MartinAugust 2008
revised January 2009
Published in Journal of Economic Theory, 144 (4), 2009, 1572-1588
Case Law versus Statute Law: An Evolutionary Comparison
by , Giacomo PonzettoJune 2008
Published in Journal of Legal Studies, 37 (2), 2008, 379–430
Entry Regulation and Intersectoral Rellocation
by ,Supplementary Appendix
Presentation Slides, EEA Annual Meetings, Vienna, August 2006
June 2008
On the Sources of the Great Moderation
by Jordi Galí,June 2008
Published in American Economic Journal: Macroeconomics, 1 (1), 2009, 26-57
Adverse Selection, Credit, and Efficiency: The Case of the Missing Market
by Alberto MartinApril 2008
revised December 2010
Rethinking the Effects of Financial Globalization
by Fernando Broner, Jaume VenturaApril 2008
revised October 2015
Published in Quarterly Journal of Economics, 131 (3), 2016, 1497-1542
Openness, Government Size and the Terms of Trade
by ,March 2008
Published in Review of Economic Studies, 76, 2009, 629-668
Macroeconomic Dynamics in the Euro Area
by , ,March 2008
The New Keynesian Approach to Monetary Policy Analysis: Lessons and New Directions
byFebruary 2008
revised March 2009
Skill-Biased Technological Change and the Business Cycle
by ,February 2008
revised May 2012
Forthcoming in Review of Economics and Statistics
Malthusian Dynamism and the Rise of Europe: Make War, not Love
by ,January 2008
revised December 2008
Published in American Economic Review. Papers and Proceedings, 99 (2), 2009, 248-254
Economics and Politics of Alternative Institutional Reforms
by ,January 2008
Published in Quarterly Journal of Economics, 123 (3), 2008, 1197-1250
Lending to the Borrower from Hell: Debt and Default in the Age of Philip II, 1556-1598
by ,December 2007
revised November 2009
Published in The Economic Journal, 121 (557), 2011, 1205-1504
Did the Death of Distance Hurt Detroit and Help New York?
by , Giacomo PonzettoDecember 2007
Published in E Glaeser (ed.), Agglomeration Economics, Chicago, IL: University of Chicago Press, 2010, 303-337
A One-Sector Neoclassical Growth Model with Endogenous Retirement
byDecember 2007
The Sustainable Debts of Philip II: A Reconstruction of Spain's Fiscal Position, 1560-1598
by ,November 2007
revised January 2010
Published in The Journal of Economic History, 70 (4), 2010, 813-42
Business Cycle Measurement with Some theory
by ,Appendix
November 2007
revised July 2011
Published in Journal of Monetary Economics, 58 (4), 2011, 345-361
Aggregate Fluctuations and the Network Structure of Intersectoral Trade
byNovember 2007
revised October 2010
Information Criteria for Impulse Response Function Matching Estimation of DSGE Models
by , , , Barbara RossiNovember 2007
revised August 2010
Published in Journal of Econometrics, 170 (2), 2012, 499-518
Do Expectations Matter? The Great Moderation Revisited
by ,November 2007
revised January 2009
Published in American Economic Journal, 2 (3), 2010, 183-205
Numeracy and the Impact of High Food Prices in Industrializing Britain, 1780-1850
by , ,October 2007
revised December 2011
Review of Economics and Statistics, 96 (3), 2014
Dynamic Higher Order Expectations
byOctober 2007
revised March 2011
How much Structure in Empirical Models?
byOctober 2007
In T. Mills, T. and K. Patterson (eds.), Palgrave Handbook of Econometrics, vol. 2, 2009, 68-97
Fiscal Insurance and Debt Management in OECD Economies
by , Albert Marcet,October 2007
Published in Economic Journal, 118 (527), 2008, 363-386
Equilibrium Default
by ,October 2007
The Three Horsemen of Riches: Plague, War, and Urbanization in Early Modern Europe
by ,September 2007
CEPR discussion paper 7275
revised June 2012
Review of Economic Studies, 80 (2), 2013, 774-811
The Modern Impact of Precolonial Centralization in Africa
by ,September 2007
Published in Journal of Economic Growth, 12 (3), 2007, 185-234
Constant Interest Rate Projections without the Curse of Indeterminacy: A Note
byAugust 2007
Published in International Journal of Economic Theory, 5, 2009, 61-68
Human Capital, the Structure of Production, and Growth
by ,August 2007
Published in Review of Economics and Statistics, 91 (1), 2009, 66-82
Enforcement Problems and Secondary Markets
by Fernando Broner, Alberto Martin, Jaume VenturaAugust 2007
revised November 2007
Published in Journal of the European Economic Association: Papers & Proceedings, 6 (2-3), 2008, 683-694.
Stock Market Volatility and Learning
by , Albert Marcet,August 2007
revised November 2014
Published in Journal of Finance, 71 (1), 2016, 33-82
Macroeconomic Modeling for Monetary Policy Evaluation
by ,July 2007
Published in Journal of Economic Perspectives, 21 (4), 2007, 25-45
Overruling and the Instability of Law
by ,June 2007
Published in Journal of Comparative Economics, 35 (2), 2007, 309-328
Why Does Democracy Need Education?
by , Giacomo Ponzetto,May 2007
Published in Journal of Economic Growth, 12 (2), 2007, 77–99
Wage Rigidity and Job Creation
by , ,April 2007
revised April 2012
A Structural Model of Australia as a Small Open Economy
byFebruary 2007
Reserve Bank of Australia Research Discussion Paper # 2007-01
Published in Australian Economic Review, 42 (1), 2009, 24-41
The Impact of New Highways on Business Location: New Evidence from Spain
by Teresa Garcia-Milà,February 2007
revised April 2011
The Evolution of Common Law
by ,February 2007
Published in Journal of Political Economy, 115, 2007, 43-68
The Impact of Trade Liberalization on Skill Upgrading. Evidence from Argentina
byJanuary 2007
revised July 2011
revise and resubmit Review of Economics and Statistics
Debt Sustainability in Historical Perspective: the Role of Fiscal Repression
by ,January 2007
revised February 2008
Published in Journal of the European Economic Association, 6 (2-3), 2008, 657-667
“Money and Monetary Policy: the ECB Experience 1999-2006: A Comment”
byJanuary 2007
Published by Fisher, Lenza Pill and Reichlin in A. Beyer and L. Reichlin (eds.) The Role of Money: Money and Monetary Policiy in the 21st Century, Proceedings of the 4th ECB Central Bank Conference, European Central Bank, Frankfurt, 2008, 182-189
Decomposing the Growth in Residential Land in the United States
by , ,January 2007
FDI as a Source of Finance in Imperfect Capital Markets: Firm-Level Evidence from Argentina
byDecember 2006
revised September 2007
Contractual Resolutions of Financial Distress
by ,November 2006
revised May 2012
Forthcoming in The Review of Financial Studies
Red Tape and Delayed Entry
by ,November 2006
Published in Journal of the European Economic Association, Papers and Proceedings, 5 (2-3), 2007, 444-458
Urban Production Externalities
byNovember 2006
Published in New Palgrave: A Dictionary of Economics
Adjustment to Target Capital, Finance, and Growth
by ,Supplementary Appendix
Presentation slides, Oslo University and HECER Helsinki, March 2007
November 2006
The Effects of Technology Shocks on Hous and Output: A Robustness Analysis
by , ,WP version (extended)
November 2006
revised February 2008
Published in Journal of Applied Econometrics, 25 (5), 2010, 755-773
A One-Sector Neoclassical Growth Model with Endogenous Retirement
byNovember 2006
Increasing, Returns, Imperfect Competition and Factor Prices
by ,November 2006
Published in The Review of Economics and Statistics, 88, 2006, 583-598
You can Use VARs for Structural Analyses. A Comment to VARs and Great Moderation
byNovember 2006
Judicial Fact Discretion
by ,October 2006
Published in Journal of Legal Studies, 2008
“Learning, Macroeconomic Dynamics and the Term Structure of Interest Rates: A Comment”
byAugust 2006
Published by Dewachter and Lyrio, in J. Campbell (ed.) Asset Prices and Monetary Policy, University of Chicago Press, 2008, 238-244
“Fluctuating Macro Policies and the Fiscal Theory of the Price Level: A Comment”
byJuly 2006
Published by Davig and Leeper, NBER Macroeconomics Annual 2006, MIT Press, Cambridge MA, 299-305
The Skill Bias of World Trade
by ,July 2006
Published in The Economic Journal, 118, 2008, 927-960
Sovereign Risk and Secondary Markets
by Fernando Broner, Alberto Martin, Jaume VenturaJuly 2006
revised June 2009
Published in American Economic Review, 100 (4), 2010, 1523-1555
Monetary Policy with Signal Extraction from the Bond Market
byJune 2006
Reserve Bank of Australia Research Discussion Paper 2006-5 (as "Optimal Monetary Policy with Real-time Signal Extraction from the Bond Market")
Published in Journal of Monetary Economics, 55 (8), 2008, 1389-1400
Schumpeterian Technology Shocks
by , ,Appendix
May 2006
revised November 2007
The Structural Dynamics of Output Growth and Inflation: Some International Evidence
by , ,April 2006
revised August 2006
Published in The Economic Journal, 117 (519), 2007, C167-C191
Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality
by ,February 2006
revised August 2008
Published in Journal of Monetary Economics, 56 (1), 2009, 20-39
A Century of Global Equity Market Correlations
by ,January 2006
revised September 2007
Published in American Economic Review: Papers and Proceedings, 98 (2), 2008, 535-540
Published as "Free Flows, Limited Diversification: Explaining the Fall and Rise of Stock Market Correlations, 1890-2001" in NBER Book Series, NBER International Seminar on Macroeconomics (ISOM), 20, Chicago: University of Chicago Press, 2010
The Elusive Costs and the Immaterial Gains of Fiscal Constraints
by ,December 2005
Published in Journal of Public Economics, 90 (8), 2006, 1391-1414
Strategic Extremism: Why Republicans and Democrats Divide on Religious Values
by , Giacomo Ponzetto,November 2005
Published in Quarterly Journal of Economics, 120 (4), 2005, 1283–1330
Globalization and Risk Sharing
by Fernando Broner, Jaume VenturaOctober 2005
revised Abril 2009
Published in The Review of Economic Studies, 78 (1), 2011, 49-82
Optimal Monetary and Fiscal Policy in a Currency Union
by ,October 2005
Published in Journal of International Economics, 76, 2008, 116-132
Precolonial Centralization and Institutional Quality in Africa
by ,October 2005
Published in Mark Gradstein and Kai Konrad eds, Institutions and Norms in Economic Development, MIT Press, 2006
Fat City: The Relationship between Urban Sprawl and Obesity
by , , ,October 2005
revised December 2007
Financial Integration, Productivity and Capital Accumulation
bySeptember 2005
revised July 2006
Equities and Inequality
bySeptember 2005
New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling
by , , , , ,September 2005
Published in Journal of the European Economics Association (Papers and Proceedings), 4 (2-3), 2006, 562-574
Identifying Human Capital Externalities: Theory with Applications
by ,August 2005
Published in the Review of Economic Studies, 73 (2), 2006, 381-412
Wake Up and Smell the Ginseng: The Rise of Incremental Innovation in Low-wage Countries
by ,August 2005
revised January 2009
Robust-Optimal Fiscal Policy
byJune 2005
University of Chicago, mimeo.
In progress
On the Role of Retaliation in Trade Agreem ents
by Alberto Martin,June 2005
revised April 2008
Published in Journal of International Economics, 76 (1), 2008, 61-77
The Dot-Com Bubble, the Bush Deficits, and the US Current Account
by , Jaume VenturaJune 2005
revised December 2005
Published in R. Clarida (eds.), G7 Current Account Imbalances: Sustainability and Adjustment, The University of Chicago Press, 2007, 457-495
The Overhang Hangover
by ,June 2005
The Structural Dynamics of US Output and Inflation: What Explains the Changes?
by , ,Appendix
June 2005
revised September 2006
Published in Journal of Money, Credit and Banking, 40 (2-3), 2008, 369-388
Why England? Demographic Factors, Structural Change and Physical Capital Accumulation during the Industrial Revolution
by ,May 2005
revised October 2006 (earlier version "Why England? Demand, Growth and Inequality During the Industrial Revolution")
Published in Journal of Economic Growth, 11 (4), 2006, 319-361
Back to Square One: Identification Issues in DSGE Models
by ,May 2005
Published in Journal of Monetary Economics, 56 (4), 2009, 431-449
Productivity Growth and the Exchange Rate Regime: The Role of Financial Development
by , ,May 2005
Betting on Hitler: The Value of Political Connections in Nazi Germany
by ,April 2005
revised July 2007
Published in Quarterly Journal of Economics, 123 (1), 2008, 101-137
Dynamic Pricing and Imperfect Common Knowledge
byApril 2005
ECB Working Paper Series # 474 (as "Calvo Pricing and Imperfect Common Knowledge. A Forward-looking Model of Rational Inflation Inertia")
revised November 2007
Published in Journal of Monetary Economics, 55 (2), 2008, 365-382
Real Wage Rigidities and the New Keynesian Model
by ,April 2005
revised October 2005
Published in Journal of Money, Credit, and Banking, 39 (1), 2007, 35-66
Has the Inflation Process Changed? A Comment
byMarch 2005
A Global View of Economic Growth
by Jaume VenturaMarch 2005
Published in P. Aghion and S. N. Durlauf (eds.), Handbook of Economic Growth, vol. 1B, Elsevier B. V., 2005, 1419-1497
Monetary Policy in the Euro Area: Lessons from 5 Years of ECB and Implications for Turkey
by ,March 2005
In Macroeconomic Policies for Accession Countries, 2007, edited by by E. Basci, S. Togan and J. Vonhagen, 79-129
Endogenous Credit Cycles
by Alberto MartinNovember 2004
revised August 2008
Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005
Organizational Capital and Employment Fluctuations
byNovember 2004
Systemic Crises and Growth
by , ,November 2004
Financial Liberalization, Bank Crises and Growth: Assessing the Links
by ,October 2004
Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle
byOctober 2004
Published in Federal Reserve Bank of St. Louis Review, 87(4), 2005,459-486
Why are Capital Flows so much more Volatile in Emerging than in Developed Countries?
by Fernando Broner,October 2004
Published in External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 15-39
Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714
by ,September 2004
revised March 2007 (earlier version "Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714")
Published in Economic Journal, 118, 2008, 743-758
Modern Perspectives on Fiscal Stabilization Policies
bySeptember 2004
revised August 2005
Published in CESifo Economic Studies, 51 (4), 2005, 587-599
Credit Constraints, Competition and Meritocracy
by ,September 2004
Published in The Journal of the European Economic Association, 3, 679-689, April-May, 2005
Economics and Politics of Alternative Institutional Reforms
by ,August 2004
revised January 2008, published in Quarterly Journal of Economics, 2008
Should Higher Education Subsidies Depend on Parental Income?
by ,July 2004
Published in Oxford Review of Economic Policy, 20 (2), 2004, 284-297
Long-run Substitutability Between More and Less Educated Workers: Evidence from US States 1950-1990
by ,June 2004
revised December 2004,
Published in The Review of Economics and Statistics, 87 (4), 2005, 652-663
Overdifferencing VAR’s is Ok
by Albert MarcetMay 2004
Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?
by ,May 2004
Published in NBER Macroeconomics Annual, 2004, 225-288
A Note on Common Cycles, Common Trends and Convergence
by , ,April 2004
revised February 2006
Published in Journal of Business Economics and Statistics, 25 (1), 2007, 12-20
Does it Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints
by ,March 2004
revised December 2004
Published in NBER International Macro Annual, 2005, 11065
What Explains the Great Moderation in the US? A Structural Analysis
byMarch 2004
revised December 2007
Published in Journal of the European Economic Association, 7 (4), 2009, 697-721
Money and Prices in Models of Bounded Rationality in High-Inflation Economies
by Albert Marcet,February 2004
Published in Review of Economic Dynamics, 8 (2), 2005, 452-479
Private Borrowing During the Financial Revolution: Hoare’s Bank and its Customers, 1702-1724
by ,January 2004
revised November 2004
Published in Economic History Review, 61 (3), 2008, 541-64
On Payoff Heterogeneity in Games with Strategic Complementarities
by ,January 2004
Published in Oxford Economic Papers, 56 (4), 2004, 701-713.
Wealth, Financial Intermediation and Growth
by ,January 2004
revised April 2004
The HP-Filter in Cross-Country Comparisons
by Albert Marcet,December 2003
Banking as an Emerging Technology: Hoare's Bank 1702-1742
by ,December 2003
Published in Financial History Review, 13 (2), 2006, 149-78
Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862
by ,December 2003
revised January 2005 (earlier version "The Speed of the Financial Revolution: Evidence from Hoare’s Bank")
Published in Explorations in Economic History, 43 (3), 2005, 325-348
Indicator Accuracy, Welfare and Monetary Policy
byDecember 2003
revised October 2005
Earlier version available as "Indicator Accuracy and Monetary Policy: Is Ignorance a Bliss?", Sveriges Riksbank Working Paper Series # 157
Trade, Extent of the Market, and Economic Growth 1960-1996
by ,December 2003
Economic Growth with Bubbles
by Alberto Martin, Jaume VenturaNovember 2003
revised September 2011
read a non-technical summary on VOXEU
Published in American Economic Review, 102 (6), 2012, 3033-3058
Contracting in the Shadow of the Law
byNovember 2003
revised January 2006
On the Role of Technology Schocks as a Source of Business Cycles: Some New Evidence
byNovember 2003
Published in Journal of the European Economic Association, (Papers and Proceedings), 2 (2-3), 2004, 372-380
Discrete Devaluations and Multiple Equilibria in a First Generation Model of Currency Crises
by Fernando BronerWorking papers with appendices
November 2003
revised January 2007
Published in Journal of Monetary Economics, 55 (3), 2008, 592-605
When in Peril, Retrench: Testing the Portfolio Channel of Contagion
by Fernando Broner, ,October 2003
revised May 2005
Published in Journal of International Economics, 69 (1), 2006, 203-230
Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty: Comment
byOctober 2003
Published in The American Economic Review, 94 (3), 2004, 785-795
On Rothschild-Stiglitz as Competitive Pooling
by Alberto MartinAugust 2003
revised January 2006
Published in Economic Theory, 31 (2), 2007, 371-386
Fiscal Federalism and Regional Integration: Lessons from Spain
by Teresa Garcia-MilàJuly 2003
In Federalismo e Integraçao Economica Regional, Desafios para o Mercosul, The Forum of Federations, 2004, 125-151
Solidarity and Fiscal Decentralization
by Teresa Garcia-Milà,July 2003
revised January 2004
Published in Proceedings – 96th Annual Conference on Taxation, Chicago, Illinois, November, 13-15, 2003. Washington DC. National Tax Association, 2004, 152-156
Horizontal Innovation in the Theory of Growth and Development
by ,July 2003
Published in Handbook of Economic Growth, P. Aghion and S. Durlauf (eds.), vol 1A, 2005, Amsterdam: Elsevier, ISBN: 978-0-444-52041-8.
North-South Trade and Directed Technical Change
by ,May 2003
Published in Journal of International Economics, 76, 2008, 276-296
Structural Changes in the US Economy: Is there a Role for Monetary Policy?
by ,May 2003
revised April 2008
Published in Journal of Economic Dynamics and Control, 33 (2), 2009, 477-490
Rule-of-Thumb Consumers and the Design of Interest Rate Rules
by , ,May 2003
revised February 2004
Published in Journal of Money, Credit and Banking, 36 (4), 2004, 739-764
Why do Emerging Economies Borrow Short Term?
by Fernando Broner, ,March 2003
revised December 2011
Published in Journal of the European Economic Association, 11 (S1), 2013, 67-100
Fiscal Policy and Monetary Integration in Europe
by ,March 2003
Published in Economic Policy, vol. 37, 2003, 533-572
Similarities and Convergence of G-7 Cycles
by , ,February 2003
revised August 2004
Published in Journal of Monetary Economics, 54 (3), 2007, 850-878
Riding the South Sea Bubble
by ,January 2003
revised May 2004
Published in American Economic Review, 94, 2004, 1654-1668
Price Differentials in Monetary Unions: The Role of Fiscal Policy Appendix
by ,January 2003
revised June 2005
Published in The Economic Journal, 117 (520), 2007, 713-737
Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
by , ,January 2003
Published in Journal of Monetary Economics, 52, 2005, 1107-1118
Financial Development, Financial Fragility, and Growth
by ,December 2002
revised September 2004
Published in Journal of Money, Credit and Banking, 38 (4), 2006, 1051-1076
Bubbles and Capital Flows
by Jaume VenturaOctober 2002
revised March 2010
Published in Journal of Economic Theory, 147 (2), 2012, 738-758
Understanding the Effects of Government Spending on Consumption
by , ,October 2002
revised August 2005
Published in Journal of the European Economic Association, 5 (1), 2007, 227-270
Incomplete Markets, Labor Supply, and Capital Accumulation
by Albert Marcet, ,October 2002
revised October 2006
Published in Journal of Monetary Economics, 54 (8), 2007, 2621-2635
European Inflation Dynamics: A Correction
by Jordi Galí,September 2002
Inequality over the Business Cycle: Estimating Income Risk using Micro-Data on Consumption
byJuly 2002
revised October 2004
Growth, Cycles and Convergence in US Regional Time Series
by ,June 2002
revised August 2005 (Cambridge Working Papers in Economics #0221)
Published in International Journal of Forecasting, 21 (4), 2005, 667-686
House prices, Consumption, and Monetary Policy: A Financial Accelerator Approach
by , ,June 2002
Estimating Multi-country VAR Models
by ,June 2002
revised April 2008
Published in International Economic Review, 50 (3), 2009, 929-961
Convergence in the Trends and Cycles of Euro-Zone Income
by ,May 2002
revised June 2004 (CEPR/EABCN Discussion Paper Series # 4726)
Published in Journal of Applied Econometrics, 20 (2), 2005, 275-289
Crises and Growth: A Re-evaluation
by , ,May 2002
revised September 2003
Credit Derivatives in Emerging Markets
byApril 2002
Models for Converging Economies
by ,March 2002
Cambridge Working Papers in Economics, # 0216
Fiscal Decentralization in Spain: An Asymmetric Transition to Democracy
by Teresa Garcia-Milà,March 2002
In Subsidiarity and Solidaruty: The Role of Intergovernmental Fiscal Relations in Mantaining an Effective State in Diverse Countries, R. Bird and R. Ebel Ed., Edward Elgar, 2007, 208-223
Trade, Migration and Regional Unemployment
by ,March 2002
revised November 2003
Published in Regional Science and Urban Economics, 35, 2005, 625-644
Monetary Policy and Exchange Rate Volatility in Small Open Economy
by ,March 2002
Published in Review of Economic Studies, 72, 2005, 707-734. "This is an electronic version of an article published in the Review of Economic Studies : complete citation information for the final version of the paper, as published in the print edition of the Review of Economic Studies, is available on the Blackwell Synergy online delivery service, accessible via the journal’s website at http://www.blackwell-synergy.com."
Stock Price Volatility and Political Uncertainty: Evidence from the Interwar Period
byFebruary 2002
revised March 2007
MIT Working Paper # 02-09
Trade and Productivity
by ,December 2001
Revised November 2003
Published in The Quarterly Journal of Economics, CXXI (2), 2004, 613-646
Tax Incentives and the City
by Teresa Garcia-Milà,October 2001
revised December 2001
Published in Brooking-Wharton Papers on Urban Affairs, 2002, 95-132
Banks, Liquidity Crises and Economic Growth
by ,August 2001
revised May 2003
Fiscal Decentralization Policies and Sub-national Government Debt in Evolving Federations
by Teresa Garcia-Milà, ,July 2001
Revised May 2002
Convertibility, Currency Controls and the Cost of Capital in Western Europe, 1950-1999
byMay 2001
Published in International Journal of Finance and Economics, special issue: Symposium on Capital Controls, 8 (3), 2003, 255-276
The Transmission of US Shocks to Latin America
byMay 2001
revised April 2004
Published in Journal of Applied Econometrics, 20 (2), 2005, 229-251
The HP-Filter in Cross Country Comparisons
by Albert Marcet,May 2001
revised December 2003
Debt and Deficit Fluctuations and the Structure of Bond Markets
by Albert Marcet,May 2001
revised June 2003
New Perspectives on Monetary Policy, Inflation, and the Business Cycle
by Jordi GalíApril 2001
Published in Advances in Economic Theory, edited by M. Dewatripont, L. Hansen, and S. Turnovsky, 3, 2003, 151-197, Cambridge University Press
Markups, Gaps, and the Welfare Costs of Economic Fluctuations
by , ,April 2001
revised May 2005
Published in Review of Economic and Statistics, 89 (1), 2007, 44-59
Determining Underlying Macroeconomic Fundamentals During Emerging Market Crises: Are Conditions as Bad as They Seem?
by Fernando Broner,April 2001
revised August 2004
Published in Journal of Monetary Economics, 53 (4), 2006, 699-724
European Inflation Dynamics
by Jordi Galí, ,March 2001
Published in European Economic Review, 45 (7), 2001, 1237-1270. (Erratum, September 2002)
Comparative Advantage and the Cross-section of Business Cycles
by Jaume Ventura,January 2001
Published in Journal of the European Economic Association, 5 (6), 2007, 1300-1333
Education, Growth and Income Inequality
byJanuary 2001
revised July 2006
Published in Review of Economics and Statistics, 90 (1), 2008, 89-104
With a Bang, Not a Whimper: Pricking Germany's 'Stock Market Bubble' in 1927 and the Slide into Depression
byNovember 2000
revised March 2002
CEPR discussion paper # 3257
Published in Journal of Economic History, 63 (1), 2003, 65-99
Input Chains and Industrialization
byNovember 2000
Published in The Review of Economic Studies, 69 (3), 2002, 565-587
Factor Prices and Productivity Growth during the British Industrial Revolution
by ,October 2000
Earlier version: "Productivity Growth during the English Industrial Revolution: A Dual Approach"
revised August 2002
Published in Explorations in Economic History, 40 (1), 2003, 52-77
Agglomeration Effects in Europe
byAugust 2000
Published in European Economic Review, 46 (2), 2002, 213-227
Destined for Deprivation? Intergenerational Poverty Traps in Eighteenth-Century Britain
by , ,July 2000
Published in Explorations in Economic History, 38 (1), 2001, 339-65
Country Portfolios
by Jaume Ventura, , ,July 2000
revised October 2004
Published in Journal of the European Economic Association, 3 (4), 2005, 914-945
Optimal Commitment Policy under Noisy Information
byMarch 2000
revised April 2002
The Macroeconomic Effects of German Unification: Real Adjustments and the Welfare State
by ,March 2000
Published in Review of Economic Dynamics, 3 (3), 2000, 423-460
Living Standards during the Industrial Revolution: An Economist's Guide
byJanuary 2000
Published in American Economic Review. Papers and Proceedings, 93 (2), 2003, 221-26
The Longest Years: New Estimates of Labour Input in Britain, 1760-1830
byJanuary 2000
Published in Journal of Economic History, 61 (4), 2001, 1065-82
On the Timing of Balance of Payment Crises: Disaggregated Information and Interest Rate Policy
by Fernando BronerDecember 1999
revised February 2002
On the Sources of Business Cycles in the G-7
by ,October 1999
revised March 2000
Published in Journal of International Economics, 59 (1), 2003, 77-100
Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model
by ,October 1999
Published in Journal of Econometrics, 120 (2), 2004, 327-359
Efficiency and Equilibrium with Dynamic Increasing Aggregate Returns due to Demand Complementarities
by ,May 1999
Published in Econometrica, 67 (3), 1999, 499-525
Monetary Policy Misspecification in VAR Models
by ,October 1998
revised September 1999
Time and Work in Eighteenth Century London
byDecember 1997
Oxford University. Nuffield College. Economic and Social History Working Paper 21
Published in Journal of Economic History, 58 (1), 1998, 29-58
The Grapes of War: Danish Shipping in the Mediterranean, 1750-1806
by ,September 1997
Oxford University. Nuffield College. Economic and Social History Working Paper 18
Published in Scandinavian Economic History Review, 48, 2000, 5-27
Testing for Convergence Clubs in Income Per-capita: A Predictive Density Approach
byJuly 1997
revised September 1999
Published in International Economic Review, 45 (1), 2004, 49-77
Crossing the Rio Grande: Migrations, Business Cycles and the Welfare Sate
by ,July 1997
revised December 1997
Stature and Relative Deprivation: Fatherless Children in Early Industrial Britain
by , ,May 1997
Published in Continuity and Change, 13 (1), 1998, 73-115
Stock Returns, Term Structure, Inflation and Real Activity: An International Perspective
by ,January 1997
Published in Macroeconomic Dynamics, 3 (3), 2000, 343-372
International Business Cycles, Financial Markets and Household Production
by ,January 1997
Published in Journal of Economic Dynamics and Control, 22 (4), 1998, 545-572
Did Colonization Matter for Growth? An Empirical Exploration into the Historical Causes of Africa's Underdevelopment
by ,December 1996
Published in European Economic Review, 46 (10), 2002, 1851-1871
Do Interregional Transfers Improve the Economic Performance of Poor Regions? The Case of Spain
by Teresa Garcia-Milà,December 1996
Published in International Tax and Public Finance, 8 (3), 2001, 281-295
Sources and Propagation of International Cycles: Common Shocks or Transmission?
by ,November 1996
Published in Journal of International Economics, 46 (1), 1998, 133-166 with the title ‘Sources and Propagation of International Output Cycles: Common Shocks or Transmission?’
Human Capital, Equipment Investment, and Industrialization
by ,July 1996
Oxford University. Nuffield College. Economic and Social History Working Paper 22 & 116
Published in European Economic Review, 42 (7), 1998, 1343-62
Time Use in Eighteenth-Century London: Some Evidence from the Old Bailey
byJune 1996
Oxford University. Nuffield College. Economic and Social History Working Paper 8 (as "Why Did Working Hours Increase in Eighteenth Century London? Labour Supply Decisions and Consumer Durables During the Industrial Revolution")
Published in Journal of Economic History, 57 (2), 1997, 497-499
Testing Calibrated General Equilibrium Models
by ,March 1996
Start-up Costs and Pecuniary Externalities as Barriers to Economic Development
by ,March 1996
Published in Journal of Development Economics, 49 (1), 1996, 33-59
Productivity and the Density of Economic Activity
by ,March 1996
Published in The American Economic Review, 86 (1),1996, 54-70
Did High Wages or High Interest Rates Bring Down the Weimer Republic? A Cointegration Model of Investment in Germany, 1925-1930
byDecember 1995
Published in Journal of Economic History, 55 (4), 1995, 801-21
Recurrent Hyperinflations and Learning
by Albert Marcet,November 1995
Published in American Economic Review, 93 (5), 2003, 1476-1498
Non-Walrasian Unemployment Fluctuations
by Jordi GalíNovember 1995
The Poor Stay Poor: Non-Convergence across Countries and Regions
by , Albert MarcetOctober 1995
revised June 1999
The Poor Stay Poor: Non-Convergence accross Countries and Regions
by , Albert MarcetOctober 1995
revised June 1999
Physical Exertion and Stature in the Habsburg Monarchy, 1730-1800
bySeptember 1995
Published in Journal of Interdisciplinary History, 27, 1996, 263-75
Did Smallpox Reduce Height? Stature and the Standard of Living in London, 1770-1873
by ,August 1995
Published in Economic History Review, 49 (3), 1996, 541-60
Supply Side Interventions and Redistribution
by Teresa Garcia-Milà, Albert Marcet,July 1995
Published in Economic Journal, 120 (543), 2010, 105-130
Height, Nutrition, and Labour: Recasting the “Austrian Model”
byJune 1995
Published in Journal of Interdisciplinary History, 25 (4), 1995, 627-636
Infant Mortality during the First World War
byJanuary 1995
Published in Annales de Démographie Historique, "Les réseaux de parenté", 1, 1995, 291-307
Seasonality of Conceptions as a Source for Historical Time-Budget Analysis: Tracing the Disappearance of Holy Days in Early Modern England
byJune 1994
Published in Historical Methods, 27 (3), 1994, pp. 127-133
Solving Nonlinear Rational Expectations Models by Parameterizing Expectations: Convergence Results in the Stationary Case
by Albert Marcet,March 1994
Solving Nonlinear Rational Expectations Models by Parameterized Expectations: Convergence to Stationary Solutions
byMarch 1994
Wages, Investment and the Fate of the Weimar Republic: A Long-Term Perspective
byJuly 1993
Published in German History, 11 (3), 1993, 265-92