Recent Publications

Asriyan, V., L. Fornaro, A. Martin and J. Ventura,

"Monetary Policy for a Bubbly World"


Forthcoming in The Review of Economic Studies, 2021

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

Monràs, J.,

"Local Adjustment to Immigrant-Driven Labor Supply Shocks"


Forthcoming in Journal of Human Capital, 2021

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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

"Securing Property Rights"


Forthcoming in Journal of Political Economy, 2021

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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

"On Public Spending and Economic Unions"


Forthcoming in IMF Economic Review, 2021

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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

"Investor Experiences and Financial Market Dynamics"


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

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

Asriyan, V.,

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


Forthcoming in The Review of Economic Studies, 2020

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

Debortoli, D.,

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


Forthcoming in Economic Policy, 2020

Published in Journal of Financial Economics, 121 (3), 2016, 569-594. DOI. Repository.

Outreach: VoxEU · Bank of England’s policy blog Bank Underground 2017 and 2016 · Bundesbank Research Brief · All about Finance · Nada es Gratis · Barcelona GSE Focus · Wall Street Journal (2016) · European Systemic Risk Board, joint ATC-ASC-FSC Task Force: Technical documentation section B. The impact of low interest rates and ongoing structural changes on the banking system: Assessment of vulnerabilities, systemic risks and implications for financial stability (2016) · Deutsche Bundesbank Monthly Report vol 68, no. 6 (2016) and Annual Report 2015

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