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Publication Updates

Sovereign portfolio composition and bank risk: the case of European banks

Journal of Financial Stability, Vol. 65, Apr. 2023.Abre en nueva ventana
Selva B. Baziki (Bloomberg)
María J. Nieto (Banco de España)
Rima Turk-Ariss (IMF)

International trade and innovation dynamics with endogenous markups

Economic Journal, Volume 133, Issue 651, April 2023, pp 971-1004Abre en nueva ventana
Laurent Cavenaile (University of Toronto Scarborough)
Pau Roldan-BlancoAbre en nueva ventana (Banco de España)
Tom Schmitz (Queen Mary University of London)

Distressed firms, zombie firms and zombie lending: a taxonomy

Journal of Banking & Finance, Vol. 149, April 2023.Abre en nueva ventana
Laura ÁlvarezAbre en nueva ventana (Banco de España)
Miguel García-PosadaAbre en nueva ventana (Banco de España)
Sergio MayordomoAbre en nueva ventana (Banco de España)

Loan types and the bank lending channel

Journal of Monetary Economics, Vol. 126, March 2022, pp 171-187.Abre en nueva ventana
Victoria Ivashina (Harvard BS),
Luc Laeven (ECB), 
Enrique Moral-BenitoAbre en nueva ventana (Banco de España)

The effects of tax changes on economic activity: a narrative approach to frequent anticipations

The Economic Journal, Vol. 133, Issue 650, February 2023, pp 706-727Abre en nueva ventana.
Sandra García-UribeAbre en nueva ventana (Banco de España)

Monetary policy and sovereign debt sustainability

Journal of the European Economic Association, Vol. 21, Issue 1, February 2023, pp 293–325Abre en nueva ventana.
Samuel HurtadoAbre en nueva ventana (Banco de España)
Galo NuñoAbre en nueva ventana (Banco de España)
Carlos ThomasAbre en nueva ventana (Banco de España)

A raise for grandma: pensions and household expenditure

Economic Journal, Vol. 133, Issue 649, January 2023, pp. 390-419
Susana Párraga RodríguezAbre en nueva ventana (Banco de España)

The China syndrome affects banks: the credit supply channel of foreign import competition

Journal of Financial and Quantitative Analysis, Vol. 57, December 2022, pp 3114-3144.Abre en nueva ventana
Sergio MayordomoAbre en nueva ventana (Banco de España)
Omar Rachedi (ESADE)

Moral hazard versus liquidity and the optimal timing of unemployment benefits

The Economic Journal, Volume 132, Issue 648, November 2022, pp. 2674–2701.
Rodolfo G. CamposAbre en nueva ventana (Banco de España)
J. Ignacio García-Pérez (UPO)
Iliana Reggio (UAM)

Monetary policy and liquidity constraints: evidence from the euro area

American Economic Journal: MacroeconomicsAbre en nueva ventana, Volume 4, Issue 4, October 2022, pp. 309-340.
Mattias Almgren (IIES)
José-Elías GallegosAbre en nueva ventana (Banco de España)
John Kramer (Copenhagen)
Ricardo Lima (IIES)

The gender promotion gap: evidence from central banking

Review of Economics and StatisticsAbre en nueva ventana, Volume 104, Issue 5, September 2022, pp 981–996.
Laura HospidoAbre en nueva ventana (Banco de España)
Luc Laeven (ECB)
Ana Lamo (ECB)

Is fiscal policy more effective during recessions?

International Economic ReviewAbre en nueva ventana, Volume 63, Issue 3, August 2022, pp. 1271-1292.
Mario AllozaAbre en nueva ventana (Banco de España)

Child Labor under Cash and In-kind Transfers

The World Bank Economic Review, Volume 36, Issue 3, pp 709-733, August 2022Abre en nueva ventana
Federico TagliatiAbre en nueva ventana (Banco de España)

The causal impact of removing children from abusive and neglectful homes

Journal of Political Economy, Vol. 130, July 2022, pp 1919–1962.Abre en nueva ventana
Anthony Bald (Harvard),
Eric Chyn (Dartmouth),
Justine Hastings (Harvard),
Margarita MachelettAbre en nueva ventana(Banco de España)

Wage determination and the bite of collective contracts in Italy and Spain

Labour Economics, Volume 76, June 2022
Effrosyni Adamopoulou (Mannheim)
Ernesto VillanuevaAbre en nueva ventana (Banco de España)

Exchange rate shocks and inflation comovement in the euro area

International Journal of Central Banking, Volume 18, Issue 1, pp 239-275, March 2022
Jaime Martínez MartínAbre en nueva ventana (Banco de España)
Danilo Leiva-LeónAbre en nueva ventana (Banco de España)
Eva OrtegaAbre en nueva ventana (Banco de España)

Uncertainty and firms’ labour decisions. Evidence from European countries

Journal of Applied Economics, Vol. 25, Issue 1, 2022, pp. 220-241Abre en nueva ventana
Marta Martínez-Matute (UAM)
Alberto UrtasunAbre en nueva ventana (Banco de España)

Fluctuations in global output volatility

Journal of International Money and Finance, Volume 120, February 2022, Art 102533
Danilo Leiva-LeónAbre en nueva ventana (Banco de España)
Lorenzo Ductor (Universidad de Granada)

Flattening of the Phillips curve with state-dependent prices and wages

Economic Journal, Volume 132, Issue 642, pp 546–581, February 2022
James CostainAbre en nueva ventana (Banco de España)
Anton Nakov (ECB)
Borja Petit (CUNEF)

Mapping exposures of EU banks to the global shadow banking system

Journal of Banking & Finance, Volume 134, January 2022, Art 106168
Jorge AbadAbre en nueva ventana (Banco de España), Marco D’Errico (DBF University of Zurich, Switzerland), Neill Killeen (Central Bank of Ireland), Vera Luz (Banco de Portugal), Tuomas Peltonen (European Systemic Risk Board Secretariat), Richard Portes (London Business School and CEPR) and Teresa Urbano (European Banking Authority).