Latest academic publications

16/10/2025

Can subsidized employment tackle long-term unemployment? Experimental evidence from North Macedonia

Journal of Development Economics, v. 178, January 2026, 103598 Alex Armand (Nova SBE) , Pedro Carneiro (University College London) , Federico Tagliati (Banco de España) , Yiming Xia (Southwestern University of Finance and Economics)

16/10/2025

Banks' market capital and the international risk taking channel of US monetary policy

Journal of International Economics, v. 157, September 2025, 104099 Stefan Avdjiev (Bank for International Settlements) , José María Serena (Banco de España)

16/10/2025

Forced migration and food crises

Journal of Population Economics, v.38, issue 4, 2025, 69 Federico Carril-Caccia (Universidad de Granada) , Jordi Paniagua (Universidad de Valencia) , Marta Suarez-Varela (Banco de España)

16/10/2025

Revisiting productivity dynamics in Europe : a new measure of utilization-adjusted TFP growth

Journal of the European Economic Association, v. 23, Issue 4, August 2025, pp. 1598–1633 Diego Comin (Dartmouth College) , Javier Quintana (Banco de España) , Tom Schmitz (Queen Mary University of London) , Antonella Trigari (Bocconi University)

16/10/2025

The term structure of interest rates in a heterogeneous monetary union

Journal of Finance, vol. LXXX, nº 4, August 2025, pp 2389-2434 James Costain (Banco de España) , Galo Nuño (Banco de España) , Carlos Thomas (Banco de España)

16/10/2025

Public debt burden and crisis severity

European Economic Review, v. 176, July 2025, 105028 Álvaro Fernández Gallardo (Banco de España) , Iván Payá (Universidad de Alicante)

16/10/2025

Dynamic effects of persistent shocks

Journal of Applied Econometrics, v. 40, issue 4, June/July 2025, pp, 380-394 Mario Alloza (Banco de España) , Jesús Gonzalo (Universidad Carlos III de Madrid) , Carlos Sanz (Banco de España)

16/10/2025

On the effects of wildfires on poverty in Bolivia

Journal of Development Economics, v. 175, June 2025, 103494 Gustavo Canavire-Bacarreza (World Bank) , Alejandro Puerta-Cuartas (Universidad Carlos III) , Andrey Ramos (Banco de España)

16/10/2025

Inequality and the zero lower bound

Journal of Econometrics, v. 249, Part C, May 2025, 105819 Jesús Fernández-Villaverde (University of Pennsylvania) , Joël Marbet (Banco de España) , Galo Nuño (Banco de España) , Omar Rachedi (Esade)

16/10/2025

AI and Women's Employment in Europe

AEA Papers and Proceedings, vol. 115, May 2025, pp. 46–50 Alena Wabitsch (Vienna University of Economics and Business) , Ana Lamo (ECB) , Juan F. Jimeno (Banco de España) , António Dias da Silva (ECB) , Stefania Albanesi (University of Miami)