Details about Tom Schmitz

Access statistics for papers by Tom Schmitz.

Last updated 2025-03-10. Update your information in the RePEc Author Service.

Short-id: psc725

Working Papers

2024

1. Regional and Aggregate Economic Consequences of Environmental Policy
   Working Papers, Fondazione Eni Enrico Mattei
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   FEEM Working Papers, Fondazione Eni Enrico Mattei (FEEM) (2024)
   CEP Discussion Papers, Centre for Economic Performance, LSE (2024)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2024)
   Working Papers, Queen Mary University of London, School of Economics and Finance (2024)
2. Regional and Aggregate Economic Consequences of Environmental Policy Abstract: This paper shows how to combine microeconometric evidence on the effects of environmental policy with a macroeconomic model, accounting for general equilibrium spillovers that have mostly been ignored in the literature. To this end, we study the effects of a recent US air pollution policy. We use regression evidence on the policy’s impact across industries and local labor markets to calibrate a quantitative spatial model allowing for general equilibrium spillovers. Our model implies that the policy lowered emissions by 11.1%, but destroyed approximately 250’000 jobs. Ignoring spillovers overestimates job losses in polluting industries, but underestimates job losses in clean industries
   BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy

2023

3. Revisiting Productivity Dynamics in Europe: A New Measure of Utilization-Adjusted TFP Growth
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2023) View citations (3)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (9)

2022

4. A New Measure of Utilization-adjusted TFP Growth for Europe and the United States
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (7)
5. International Trade and Innovation Dynamics with Endogenous Markups
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2020) View citations (3)
   See also Journal Article International Trade and Innovation Dynamics with Endogenous Markups, The Economic Journal, Royal Economic Society (2023) View citations (1) (2023)
6. The Effects of Startup Acquisitions on Innovation and Economic Growth
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, Queen Mary University of London, School of Economics and Finance (2022) View citations (1)

2021

7. Measuring TFP: The role of profits, adjustment costs, and capacity utilization
   Working Papers, Banco de España

2020

8. The financial transmission of housing booms: evidence from Spain
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (11)
   Working Papers, Barcelona School of Economics (2018) View citations (2)
   See also Journal Article The Financial Transmission of Housing Booms: Evidence from Spain, American Economic Review, American Economic Association (2021) View citations (17) (2021)

2019

9. Measuring Productivity Growth in the Presence of Adjustment Costs, Markups and Variable Capacity Utilization
   2019 Meeting Papers, Society for Economic Dynamics
10. The financial transmission of housing bubbles: evidence from Spain
    Working Paper Series, European Central Bank View citations (4)
    Also in Working Papers, Banco de España (2018) View citations (13)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2018) View citations (11)
    2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (11)

2018

11. The IT Revolution and Southern Europe's Two Lost Decades
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2018) View citations (20)
    Working Papers LuissLab, Dipartimento di Economia e Finanza, LUISS Guido Carli (2018) View citations (8)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2018) View citations (23)
    See also Journal Article The IT Revolution and Southern Europe’s Two Lost Decades, Journal of the European Economic Association, European Economic Association (2020) View citations (23) (2020)

2016

12. Endogenous Growth, Firm Heterogeneity and the Long-run Impact of Financial Crises
    2016 Meeting Papers, Society for Economic Dynamics View citations (9)
    See also Journal Article Endogenous growth, firm heterogeneity and the long-run impact of financial crises, European Economic Review, Elsevier (2021) View citations (6) (2021)

2012

13. Greenhouse Gas Emissions and Price Elasticities of Transport Fuel Demand in Belgium
    OECD Economics Department Working Papers, OECD Publishing View citations (1)

2010

14. Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (1)
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2009) View citations (5)
    See also Journal Article Macroeconomic volatilities and the labor market: First results from the euro experiment, European Journal of Political Economy, Elsevier (2011) View citations (16) (2011)

Journal Articles

2023

1. International Trade and Innovation Dynamics with Endogenous Markups
   The Economic Journal, 2023, 133, (651), 971-1004 View citations (1)
   See also Working Paper International Trade and Innovation Dynamics with Endogenous Markups, CEPR Discussion Papers (2022) (2022)

2021

2. Endogenous growth, firm heterogeneity and the long-run impact of financial crises
   European Economic Review, 2021, 132, (C) View citations (6)
   See also Working Paper Endogenous Growth, Firm Heterogeneity and the Long-run Impact of Financial Crises, 2016 Meeting Papers (2016) View citations (9) (2016)
3. The Financial Transmission of Housing Booms: Evidence from Spain
   American Economic Review, 2021, 111, (3), 1013-53 View citations (17)
   See also Working Paper The financial transmission of housing booms: evidence from Spain, Economics Working Papers (2020) View citations (1) (2020)

2020

4. The IT Revolution and Southern Europe’s Two Lost Decades
   (Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries)
   Journal of the European Economic Association, 2020, 18, (5), 2441-2486 View citations (23)
   See also Working Paper The IT Revolution and Southern Europe's Two Lost Decades, CEPR Discussion Papers (2018) View citations (7) (2018)

2011

5. Macroeconomic volatilities and the labor market: First results from the euro experiment
   European Journal of Political Economy, 2011, 27, (1), 44-60 View citations (16)
   See also Working Paper Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment, IZA Discussion Papers (2010) View citations (1) (2010)