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Publication Updates

Markups and cost structure: small Spanish firms during the great recession

Journal of Economic Behavior and Organization, 192, December 2021, pp. 137-158.
Pilar Garcia-Perea (Banco de España)
Aitor LacuestaAbre en nueva ventana (Banco de España)
Pau Roldan-BlancoAbre en nueva ventana (Banco de España)

Adaptive learning with term structure information

European Economic Review, 134, May 2021, Art 103689.
Pablo AguilarAbre en nueva ventana (Banco de España)
Jesús Vázquez (UPV/EHU)

Faraway, so close! International transmission in the medium-term cycle of advanced economies

Journal of International Economics, 132, September 2021, 103498.
Mónica Correa-López (Banco de España)
Beatriz de Blas (Universidad Autónoma de Madrid)

Advertising, innovation, and economic growth

American Economic Journal: Macroeconomics, 13(3), July 2021, pp. 251-303
Pau Roldán-BlancoAbre en nueva ventana (Banco de España)
Laurent Cavenaile (University of Toronto Scarborough)

Jobs Multipliers: Evidence from a Large Fiscal Stimulus in Spain

Scandinavian Journal of Economics, 123(3), July 2021, pp. 751-779
Mario AllozaAbre en nueva ventana (Banco de España)
Carlos SanzAbre en nueva ventana (Banco de España)

Women’s representation in politics: The effect of electoral systems

Journal of Public Economics, 198, June 2021, 104399.
Martín Gonzalez-Eiras (University of Copenhagen)
Carlos SanzAbre en nueva ventana (Banco de España)

Gender Gaps in the Evaluation of Research: Evidence from Submissions to Economics Conferences

Oxford Bulletin of Economics and Statistics, 83(3), June 2021, p. 590-618.
Laura HospidoAbre en nueva ventana (Banco de España)
Carlos SanzAbre en nueva ventana (Banco de España)

Sovereign default, domestic banks and exclusion from international capital markets

Economic Journal, 131(635), April 2021, p. 1401-1427.
Dominik ThalerAbre en nueva ventana (Banco de España)

The Financial Transmission of Housing Booms: Evidence from Spain

American Economic Review, 111(3), March 2021, p. 1013-1053.
Alberto Martin (CREI and Barcelona GSE)
Enrique Moral-BenitoAbre en nueva ventana (Banco de España)
Tom Schmitz (Bocconi University and IGIER)

Firm dynamics and pricing under customer capital accumulation

Journal of Monetary Economics, 118, March 2021, p. 99-119.
Pau Roldan-BlancoAbre en nueva ventana (Banco de España)
Sonia Gilbukh (CUNY Baruch College)

On the direct and indirect real effects of credit supply shocks

Journal of Financial Economics, 139(3), March 2021, p. 895-921.
Laura Alfaro (Harvard Business School)
Manuel García-Santana (UPF)
Enrique Moral-BenitoAbre en nueva ventana (Banco de España)

Making room for the needy: the credit-reallocation effects of the ECB’s Corporate QE

Review of Finance, 25(1), February 2021, p. 43-84.
Óscar ArceAbre en nueva ventana (Banco de España)
Sergio MayordomoAbre en nueva ventana (Banco de España)
Ricardo GimenoAbre en nueva ventana (Banco de España)

Effects of external imbalances on GDP recovery patterns

Journal of Economic Behaviour and Organization, 182(C), February 2021, p. 349-362.
Mariam Camarero (University Jaume I and INTECO)
María Dolores Gadea-Rivas (University of Zaragoza)
Ana Gómez-LoscosAbre en nueva ventana (Banco de España)
Cecilio Tamarit (University of Valencia and INTECO)

Bank capital requirements, loan guarantees and firm performance

Journal of Financial Intermediation, 45, January 2021, 100825.
Sergio MayordomoAbre en nueva ventana  (Banco de España)
Antonio Moreno  (University of Navarra)
Steven Ongena  (University of Zurich)

María Rodríguez-MorenoAbre en nueva ventana  (Banco de España)

From secular stagnation to robocalypse? Implications of demographic and technological changes

Journal of Monetary Economics, 117, January 2021, p. 833-847.
Henrique S. BassoAbre en nueva ventana (Banco de España)
Juan F. JimenoAbre en nueva ventana (Banco de España)

Do the unemployed pay lower prices? A reassessment of the value of unemployment insurance

Journal of the European Economic Association, 18(5), October 2020, p. 2135-2181.
Rodolfo Campos (Banco de España)
Iliana Reggio (Universidad Autónoma de Madrid)

Mutual funding

Review of Financial Studies, 33(10), October 2020, p. 4883-4915.
Javier Gil-Bazo (UPF)
Peter Hoffmann (ECB)
Sergio Mayordomo (Banco de España)

A large central bank balance sheet? Floor vs corridor systems in a New Keynesian environment

Journal of Monetary Economics, 114, October 2020, p. 350-367.
Óscar Arce (Banco de España),
Galo Nuño (Banco de España),
Dominik Thaler (Banco de España), 
Carlos Thomas (Banco de España)

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)

Timed to say goodbye: does unemployment benefit eligibility affect worker layoffs?

Labour Economics, August 2020, 101846.
Andrea Albanese (Ghent University)
Matteo Picchio (Ghent University)
Corinna GhirelliAbre en nueva ventana (Banco de España)