Recent Publications

L. Alfaro, M. García-Santana and E. Moral-Benito,

"On the Direct and Indirect Real Effects of Credit Supply Shocks"


Forthcoming in Journal of Financial Economics, 2021

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

Monràs, J.,

"Local Adjustment to Immigrant-Driven Labor Supply Shocks"


Forthcoming in Journal of Human Capital, 2021

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

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

"Securing Property Rights"


Forthcoming in Journal of Political Economy, 2021

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

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

"Investor Experiences and Financial Market Dynamics"


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

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

Debortoli, D.,

"Comments on “Boosting Fiscal Space: The Roles of GDP-Linked Debt and Longer Maturities” by J. I. Kim and J. D. Ostry"


Forthcoming in Economic Policy, 2020

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

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

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

Asriyan, V.,

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


Forthcoming in The Review of Economic Studies, 2020

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

Debortoli, D.,

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


Forthcoming in Economic Policy, 2020

Outreach: Cited in the Bank of Spain’s Financial Stability Review no. 38: 27-51 (2020)

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