Recent Publications

Vanasco, V., U. Malmendier and D. Pouzo,

"Investor Experiences and Financial Market Dynamics"


Journal of Financial Economics, 2020, 136(3), 597-622

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Monràs, J.,

"Local Adjustment to Immigrant-Driven Labor Supply Shocks"


Forthcoming in Journal of Human Capital, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

R. Billi and J. Galí,

"Gains from Wage Flexibility and the Zero Lower Bound"


Oxford Bulletin of Economics and Statistics, 2020, 82(6), 1239-1261

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Martin, A., F. Broner and J. Ventura,

"On Public Spending and Economic Unions"


Forthcoming in IMF Economic Review, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Asriyan, V.,

"Balance Sheet Channel with Information-Trading Frictions in Secondary Markets"


Forthcoming in The Review of Economic Studies, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Debortoli, D.,

"Comments on The Fiscal-Monetary Policy Mix in the Euro Area: Challenges at the Zero Lower Bound"


Forthcoming in Economic Policy, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Asriyan, V., W. Fuchs and B. Green,

"Aggregation and Design of Information in Asset Markets with Adverse Selection"


Forthcoming in Journal of Economic Theory, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

A. P. Behrer, E. L. Glaeser, G. Ponzetto and A. Shleifer,

"Securing Property Rights"


Forthcoming in Journal of Political Economy, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Monràs, J.,

"Immigration and Wage Dynamics: Evidence from the Mexican Peso Crisis"


Journal of Political Economy, 2020, 128 (8), 3017-3089

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

Debortoli, D., R. Nunes and P. Yared,

"Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey"


Forthcoming in Journal of Political Economy, 2020

revised August 2008

Previously circulated as: Endogenous Credit Cycles and Financial Dampening in an Adverse Selection Economy, January 2005

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