Working Papers

From Banco de España
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1915: The gender promotion gap: evidence from central banking

Laura Hospido, Luc Laeven and Ana Lamo

1914: A new approach to dating the reference cycle

Maximo Camacho, María Gadea and Ana Gómez-Loscos

1913: The effects of pension-related policies on household spending

Susana Parraga Rodriguez

1912: Drivers of productivity in the Spanish banking sector: recent evidence

Christian Castro and Jorge Galan

1911: Monetary policy, corporate finance and investment

James Cloyne, Clodomiro Ferreira Mayorga, Maren Froemel and Paolo Surico

1910: Monetary policy implications of state-dependent prices and wages

James Costain, Anton Nakov and Borja Petit

1909: Exploring trend inFLation dynamics in Euro Area countries

Monica Correa-Lopez, Matías Pacce and Kathi Schlepper

1908: The China syndrome affects banks: the credit supply channel of foreign import competition (Updated February 2020)

Sergio Mayordomo and Omar Rachedi

1907: The Spanish personal income tax: facts and parametric estimates

Esteban Garcia-Miralles, Nezih Guner and Roberto Ramos

1906: A new economic policy uncertainty index for Spain

Corinna Ghirelli, Javier Pérez and Alberto Urtasun

1905: Measuring economic and economic policy uncertainty, and their macroeconomic effects: the case of Spain

Corinna Ghirelli, María Gil, Javier Pérez and Alberto Urtasun

1904: Timed to say goodbye: does unemployment benefit eligibility affect worker layoffs?

Andrea Albanese, Corinna Ghirelli and Matteo Picchio

1903: The impact of the ECB’s targeted long-term refinancing operations on banks’ lending policies: the role of competition

Desislava C. Andreeva and Miguel Garcia-Posada

1902: Advertising, innovation and economic growth

Laurent Cavenaile and Pau Roldan-Blanco

1901: Trade and credit: revisiting the evidence

Eduardo Gutiérrez Chacón and Enrique Moral-Benito

1851: A large central bank balance sheet? floor vs corridor systems in a new keynesian environment

Óscar Arce, Galo Nuño Barrau, Dominik Thaler and Carlos Thomas

1850: Welfare effects of an in-kind transfer program: evidence from Mexico

Federico Tagliati

1849: The risk of job loss, household formation and housing demand: evidence from differences in severance payments

Cristina Barceló and Ernesto Villanueva

1848: Policy uncertainty and investment in Spain

Daniel Dejuan-Bitria and Corinna Ghirelli

1847: Bank capital, lending booms, and busts. Evidence from Spain in the last 150 years

Mikel Bedayo, Angel Estrada and Jesús Saurina

1846: An economic analysis of court fees: evidence from the Spanish civil jurisdiction

Juan Mora-Sanguinetti and Marta Martínez-Matute

1845: The paradox of global thrift

Luca Fornaro and Federica Romei

1844: Venting out: exports during a domestic slump

Miguel Almunia, Pol Antras, David Lopez-Rodriguez and Eduardo Morales

1843: What drives sovereign debt portfolios of banks in a crisis context?

Matías Lamas and Javier Mencia

1842: Nowcasting private consumption: traditional indicators, uncertainty measures, credit cards and some internet data

María Gil, Javier Pérez, Antonio Jesus Sanchez Fuentes and Alberto Urtasun

1841: Confidence intervals for bias and size distortion in IV and local projections — IV models

Gergely Ganics, Atsushi Inoue and Barbara Rossi

1840: The changing structure of goverment consumption spending

Alessio Moro and Omar Rachedi

1839: Should I stay or should I go? Austerity, unemployment and migration

Guilherme Bandeira, Jordi Caballé and Eugenia Vella

1838: Firm dynamics and pricing under customer capital accumulation

Pau Roldan-Blanco and Sonia Gilbukh

1837: The young, the old, and the government: demographics and fiscal multipliers

Henrique Basso and Omar Rachedi

1836: The drivers of Italian exports and product market entry: 1862-1913 (Updated August 2020)

Jacopo Timini

1835: Faraway, so close! technology diffusion and firm heterogeneity in the medium term cycle of advanced economies (Updated May 2019)

Monica Correa-Lopez and Beatriz de Blas

1834: Women’s representation in politics: voter bias, party bias, and electoral systems

Martin Gonzalez-Eiras and Carlos Sanz

1833: Corporate cost and profit shares in the euro area and the US: the same story?

Vicente Salas, Lucio San Juan and Javier Valles

1832: Adapting lending policies in a “negative-for-long” scenario (Updated October 2020)

Óscar Arce, Miguel Garcia-Posada, Sergio Mayordomo and Steven Ongena

1831: Households' balance sheets and the effect of fiscal policy

Javier Andrés, José Boscá, Javier Ferri and Cristina Fuentes-Albero

1830: Chinese exports and non-tariff measures: testing for heterogeneous effects at the product level

Jacopo Timini and Marina Conesa

1829: The G-20 regulatory agenda and bank risk

Matías Cabrera, Gerald Dwyer and María J. Nieto

1828: The effects of tax changes on economic activity: a narrative approach to frequent anticipations

Sandra García-Uribe

1827: The relevance of currency-denomination for the cross-border effects of monetary policy

Isabel Argimon

1826: Credit allocation along the business cycle: evidence from the latest boom bust credit cycle in Spain

Roberto Blanco and Noelia Jiménez-Magán

1825: Empirical assessment of alternative structural methods for identifying cyclical systemic risk in Europe

Jorge Galan and Javier Mencia

1824: Sovereign default, domestic banks and exclusion from international capital markets

Dominik Thaler

1823: The financial transmission of housing bubbles: evidence from Spain

Alberto Martin, Enrique Moral-Benito and Tom Schmitz

1822: The rise and fall of the natural interest rate

Gabriele Fiorentini, Alessandro Galesi, Gabriel Perez-Quirós and Enrique Sentana

1821: Uncertainty, firm heterogeneity and labour adjustments. Evidence from European countries

Marta Martínez-Matute and Alberto Urtasun

1820: Fiscal policies in the euro area: revisiting the size of spillovers

Mario Alloza, Pablo Burriel and Javier Pérez

1819: Extraction of inflation expectations from financial instruments in Latin America

Alberto Fuertes, Ricardo Gimeno and José Manuel Marqués

1818: Price strategies of independent and branded dealers in retail gas market. The case of a contract reform in Spain

Pilar Cuadrado, Aitor Lacuesta, María Matea Rosa and Francisco Palencia-González

1817: Multidimensional media slant: complementarities in news reporting by US newspapers

Sandra García-Uribe