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Arce, Óscar

Senior economist

Currently on leave.

Información de contacto

Campos de interés

  • Main: Macroeconomics, Financial economics, Spanish economy
  • Asset markets and the macroeconomy
  • Housing markets, banking, financial stability, regulations

Market polarization and the Phillips curve Javier Andrés, Óscar Arce and Pablo Burriel

JEL Codes: 2106

Deciphering the macroeconomic effects of internal devaluations in a monetary union Javier Andrés, Óscar Arce, Jesús Fernández-Villaverde and Samuel Hurtado

JEL Codes: 2016

A large central bank balance sheet? Floor vs corridor systems in a New Keynesian environment Óscar Arce, Galo Nuño, Dominik Thaler and Carlos Thomas

JEL Codes: 1851

Published in: Journal of Monetary Economics. Volume 114, October 2020, Pages 350-367.Opens in new window Opens in new window

Adapting lending policies in a "negative-for-long" scenario (Updated October 2020) Óscar Arce, Miguel García-Posada, Sergio Mayordomo and Steven Ongena

JEL Codes: 1832

Making room for the needy: the credit-reallocation effects of the ECB’s corporate QE Óscar Arce, Ricardo Gimeno and Sergio Mayordomo

JEL Codes: 1743

Published in: Review of Finance. Volume 25, Issue: 1, February 2021, Pages 43-84Opens in new window

When fiscal consolidation meets private deleveraging Javier Andrés, Óscar Arce and Carlos Thomas

JEL Codes: 1622

Published in: Review of Economic Dynamics. Volume 37, July 2020, Pages 214-233.Opens in new window

Policy spillovers and synergies in a monetary union Óscar Arce, Samuel Hurtado and Carlos Thomas

JEL Codes: 1540

Published in: International Journal of Central Banking, 12(3), September 2016.Opens in new window

Structural reforms in a debt overhang Javier Andrés, Óscar Arce and Carlos Thomas

JEL Codes: 1421

Published in: Journal of Monetary Economics, 88, pp. 15-34, June 2017Opens in new window

Short-sale constraints and financial stability: evidence from the Spanish market Óscar Arce and Sergio Mayordomo

JEL Codes: 1410

Published in: European Financial Management, 22 (5), November 2016, 1001-1022Opens in new window

Banking competition, collateral constraints and optimal monetary policy Javier Andrés, Óscar Arce and Carlos Thomas

JEL Codes: 1001

Published in: Journal of Money, Credit and Banking, 45(s2), December 2013Opens in new window

Asymmetric collateral requirements and output composition Óscar Arce, José Manuel Campa y Ángel Gavilán

JEL Codes: 0837

Banking competition, housing prices and macroeconomic stability Javier Andrés y Óscar Arce

JEL Codes: 0830

Housing bubbles Óscar J. Arce and J. David López-Salido

JEL Codes: 0815

Price determinacy under non-Ricardian fiscal strategies Óscar Arce

JEL Codes: 0741

House Prices, Rents, and Interest Rates under Collateral Constraints Óscar Arce y David López-Salido

JEL Codes: 0610

Speculative hyperinflations: when can we rule them out? Óscar J. Arce

JEL Codes: 0607

Reflections on fiscalist divergent price-paths Óscar Arce

JEL Codes: 0533

The fiscal theory of the price level: a narrow theory for non-fiat money Óscar J. Arce

JEL Codes: 0501

Adapting lending policies in a “negative-for-long” scenario Óscar Arce, Miguel García-Posada, Sergio Mayordomo, Steven Ongena (2021)

Swiss Finance Institute Research Paper No. 21-75

Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE Óscar Arce, Ricardo Gimeno, Sergio Mayordomo (2021)

Review of Finance

A Large Central Bank Balance Sheet? Floor vs corridor systems in a New Keynesian environment Óscar Arce, Galo Nuño, Dominik Thaler, Carlos Thomas (2020)

Journal of Monetary Economics

When fiscal consolidation meets private deleveraging Javier Andrés, Óscar Arce, Carlos Thomas and Dominik Thaler (2020)

Review of Economic Dynamics, Vol 37, Pages 214-233

Structural Reforms in a Debt Overhang Javier Andrés, Óscar Arce and Carlos Thomas (2017)

Journal of Monetary Economics, 88, June 2017, p.p. 15-34

 JEL Codes: E44, E65, G21

Policy Spillovers and Synergies in a Monetary Union Óscar Arce, Samuel Hurtado and Carlos Thomas (2016)

International Journal of Central Banking, 12 (3), p.p. 219-277.

 JEL Codes: E44, E63, D42

The impact of the 2011 short-sale ban on financial stability: Evidence from the Spanish stock market Óscar Arce and Sergio Mayordomo (2016)

European Financial Management, 22 (5), p.p. 1001–1022.

 JEL Codes: E44, G14, G18

Collateral Constraints, Banking Competition and Optimal Monetary Policy Javier Andrés, Óscar Arce and Carlos Thomas (2013)

Journal of Money, Credit and Banking , 2013, vol 45 (s2): 87-125.

 JEL Codes: E32, 352, G10, G21

Credit risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis Óscar Arce, Sergio Mayordomo and Ignacio Peña (2013)

Journal of International Money and Finance - 35, pp. 124-145

 JEL Codes: G10, G14, G15

Macroeconomic adjustment under loose financing conditions in the construction sector Óscar Arce, José M. Campa and Ángel Gavilán (2013)

European Economic Review - 59 (565), pp. 19-34

 JEL Codes: E22, E32, E44

Banking Competition, Housing Prices and Macroeconomic Stability Javier Andrés and Óscar Arce (2012)

Economic Journal - 122 (565), pp. 1346-1372

 JEL Codes: E32, E43, E44, G21

Housing Bubbles Óscar Arce and David López-Salido (2011)

American Economic Journal: Macroeconomics - 3, pp. 212-241

 JEL Codes: G21, R21, R31

Speculative Hyperinflations and Currency Substitution Óscar Arce (2009)

Journal of Economic Dynamics and Control - 33 (10), pp. 1808-1823

 JEL Codes: E31, E41, E63