WORKING PAPERS

Unites States

by Teresa Garcia-Milà, T. McGuire

October 2019
revised May 2020

Forthcoming in Fiscal Federalism: Comparative Experiences and Challenges, Forum of Federations, Ottawa, Canada.

Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from the Euro Area Securities Register

by J. Bubeck, A. Maddaloni, José Luis Peydró

March 2019
revised March 2020

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) 

The Rise of Shadow Banking: Evidence from Capital Regulation

by R. Irani, R. Iyer, R. Meisenzahl, José Luis Peydró

April 2018
revised July 2020

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.

Political Connections and Informed Trading: Evidence from TARP

by O. Akin, N. Coleman, C. Fons-Rosen, José Luis Peydró

October 2016
revised August 2018

Financial Management, 2020, 1-26. 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.
Media: Imperial College IB Knowledge (2021) ·  Vox column (2020) · Nada es Gratis (2016) · Barcelona GSE Focus (2016)

Monetary Policy and Bank Lending in Developing Countries: Loan Applications, Rates, and Real Effects

by C. Abuka, R. Alinda, C. Minoiu, José Luis Peydró, A. Presbitero

December 2015
revised March 2019

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)

The Real Effects of the Bank Lending Channel

by G. Jiménez, A. Mian, José Luis Peydró, J. Saurina

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.

Labor Market Heterogeneity and an Aggregate Matching Function

by Régis Barnichon, A. Figura

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

Hazardous Times for Monetary Policy: What do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?

by G. Jiménez, S. Ongena, José Luis Peydró, J. Saurina

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 O. Akin, J. Garcia-Montalvo, J. Garcia-Villar, José Luis Peydró, J. M. Raya

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.

 

Growth in Regions

by Nicola Gennaioli, Rafael La Porta, Florencio Lopez De Silanes, Andrei Shleifer

March 2013

Forecasting in Macroeconomics

by R. Giacomini, Barbara Rossi

December 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

Structural Development Accounting

by Gino Gancia, A. Müller, F. Zilibotti

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.

What Comes to Mind

by Nicola Gennaioli, A. Shleifer

November 2009

revised June 2010

Published in Quarterly Journal of Economics, 125 (4), 2010, 1399-1433

Red Tape and Delayed Entry

by Antonio Ciccone, E. Papaioannou

November 2006

Published in Journal of the European Economic Association, Papers and Proceedings, 5 (2-3), 2007, 444-458

 

A Century of Global Equity Market Correlations

by D. Quinn, Hans-Joachim Voth

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

Dynamic Pricing and Imperfect Common Knowledge

by Kristoffer Nimark

April 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

Monetary Policy and Exchange Rate Volatility in Small Open Economy

by Jordi Gali, T. Monacelli

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 https://www.blackwell-synergy.com."

 

Trade and Productivity

by Antonio Ciccone, F. Alcalá

December 2001

Revised November 2003

Published in The Quarterly Journal of Economics, CXXI (2), 2004, 613-646

Country Portfolios

by Jaume Ventura, A. Kraay, N. Loayza, L. Servén

July 2000

revised October 2004

Published in Journal of the European Economic Association, 3 (4), 2005, 914-945

Time Use in Eighteenth-Century London: Some Evidence from the Old Bailey

by Hans-Joachim Voth

June 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