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Publication Updates

Global imbalances from a stock perspective: the asymmetry between creditors and debtors

Journal of International Money and Finance, 107, October 2020.
Enrique Alberola (BIS)
Ángel Estrada (Banco de España)
Francesca Viani (Banco de España)

When fiscal consolidation meets private deleveraging

Review of Economic Dynamics, 37, July 2020, pp. 214-233.
Javier Andrés (Universidad Valencia), 
Óscar Arce (Banco de España),
Dominik Thaler (Banco de España), 
Carlos Thomas (Banco de España)

Rank Effects in Bargaining: Evidence from Government Formation

Review of Economic Studies, 87(3), May 2020, pp. 1261–1295.
Thomas Fujiwara (Princeton University)
Carlos Sanz (Banco de España)

Markov-switching three pass regression filter

Journal of Business & Economic Statistics, 38 (2), April 2020, pp. 285-302.
Pierre Guérin (IMF)
Danilo Leiva-Leon (Banco de España)
Massimiliano Marcellino (Bocconi University)

International bank lending channel of monetary policy

Journal of International Money and Finance, 102 (124), April 2020.
Silvia Albrizio (Banco de España)
Sangyup Choi (Yonsei University)
Davide Furceri (IMF)
Chansik Yoond (Princeton University)

Backing the incumbent in difficult times: The electoral impact of wildfires

Comparative Political Studies, 53 (3-4), March 2020, pp. 469-499.Abre en nueva ventana
Roberto Ramos (Banco de España)
Carlos Sanz (Banco de España)

Financial development, default rates, and credit spreads

Economic Journal, 130 (626), February 2020, pp. 534-553.
Alessandro Peri (University of Colorado Boulder)
Omar Rachedi (Banco de España)

Growing Like Spain: 1995-2007

International Economic Review, 61(1), February 2020, pp. 384-416.
Manuel García-Santana (UPF)
Enrique Moral-Benito (Banco de España)
Josep Pijoan-Mas (CEMFI)
Roberto Ramos (Banco de España)

Monetary policy and the asset risk taking channel

Journal of Money, Credit and Banking, 51 (8), December 2019, pp. 2115-2144.
Angela Abbate (SNB)
Dominik Thaler (Banco de España)

Competition and the welfare gains from transportation infrastructure: evidence from the golden quadrilateral of India

Journal of the European Economic Association, 17 (6), December 2019, pp. 1881-1940.
Jose Asturias (Georgetown University)
Manuel García-Santana (UPF)
Roberto RamosAbre en nueva ventana (Banco de España)

Services deepening and the transmission of monetary policy

Journal of the European Economic Association, 17 (4), August 2019, pp. 1261-1293.
Alessandro Galesi (Banco de España)
Omar Rachedi (Banco de España)

Taxation and the life cycle of firms

Journal of Monetary Economics, 105, August 2019, pp. 114-130.
Andrés Erosa (Universidad Carlos III) and Beatriz González (Banco de España)

Service regulations, input prices and export volumes: Evidence from a panel of manufacturing firms

Journal of Industrial Economics, 67 (2), June 2019, pp. 328-371.
Mónica Correa-López (Banco de España)
Rafael Doménech (BBVA Research)

Financial institutions' business models and the global transmission of monetary policy

Journal of International Money and Finance, 90, February 2019, pp. 1-268.
Isabel Argimón (Banco de España) et al.

Credit constraints, firm investment and growth: evidence from survey data

Journal of Banking and Finance, 99, February 2019, pp. 121-141.
Miguel García-Posada (Banco de España)

Demographic structure and macroeconomic trends

American Economic Journal: Macroeconomics, 11 (1), January 2019, pp. 193-222.
Yunus Aksoy (Birkbeck, University of London)
Henrique S. Basso (Banco de España)
Ron P. Smith (Birkbeck, University of London)
Tobias Grasl (Birkbeck, University of London)

Logit price dynamics

Journal of Money, Credit and Banking, 51 (1), January 2019, pp. 43-78.
James Costain (Banco de España and ECB)
Anton Nakov (ECB)

Prudential filters, portfolio composition at fair value and capital ratios in European banks

Journal of Financial Stability, 39, December 2018, pp.187-208.
Isabel Argimón (Banco de España)
Michel Dietsch (Université de Strasbourg)
Ángel Estrada (Banco de España)

Volatility-related exchange traded assets: an econometric investigation

Journal of Business and Economic Statistics, 36 (4), October 2018, pp. 599-614.
Javier Mencía (Banco de España) and Enrique Sentana (CEMFI).

Great moderation and great recession: from plain sailing to stormy seas?

International Economic Review, 59 (4), November 2018, pp. 2297-2321.
M. Dolores Gadea (Universidad de Zaragoza),
Ana Gómez-Loscos (Banco de España),
Gabriel Pérez-Quirós (Banco de España).