Working Papers

From Barcelona School of Economics
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1039: The Paradox of Global Thrift (Plus Appendix)

Luca Fornaro and Federica Romei

1038: Blockchain: The birth of Decentralized Governance

Benito Arruñada and Luis Garicano

1037: On the Global Misallocation of Human Capital

Alexander Monge-Naranjo, Juan Sanchez and Raul Santaeulalia-Llopis

1036: Comparative Statics in the Multiple-Partners Assignment Game

David Perez-Castrillo and Marilda Sotomayor

1035: The Effect of Abortion Legalization on Fertility, Marriage and Long-Term Outcomes for Women

Libertad Gonzalez, Sergi Jimenez-Martin, Natalia Nollenberger and Judit Vall-Castello

1034: Firms and Economic Performance: A View from Trade

Alessandra Bonfiglioli, Rosario Crino and Gino Gancia

1033: Beliefs and Consumer Search in a Vertical Industry

Maarten Janssen and Sandro Shelegia

1032: Bargaining at Retail Stores: Evidence from Vienna

Sandro Shelegia and Joshua Sherman

1031: Asymmetric Business-Cycle Risk and Social Insurance

Christopher Busch, David Domeij, Fatih Guvenen and Rocio Madera

1029: Growth Facts with Intellectual Property Products: An Exploration of 31 OECD New National Accounts

Sangmin Aum, Dongya Koh and Raul Santaeulalia-Llopis

1028: The Survival and Demise of the State: A Dynamic Theory of Secession

Joan Esteban, Sabine Flamand, Massimo Morelli and Dominic Rohner

1027: Benevolent Mediation in the Shadow of Conflict

Andrea Canidio and Joan Esteban

1026: Democratic Tipping Points

Antonio Ciccone

1025: Religion and the European Union

Benito Arruñada and Matthias Krapf

1024: Restricted Environments and Incentive Compatibility in Interdependent Values Models

Salvador Barberà, Dolors Berga and Bernardo Moreno

1023: Watching or Not Watching? Access to Information and the Incentive Effects of Firing Threats

Jordi Brandts, Brice Corgnet, Roberto Hernán-González, Jose Ortiz Gomez and Carles Solà

1022: Deliberative Structures and their Impact on Voting under Economic Conflict

Jordi Brandts, Leonie Gerhards and Lydia Mechtenberg

1021: Uncovered Interest Parity, Forward Guidance and the Exchange Rate

Jordi Galí

1020: Earthquakes and Terrorism: The Long Lasting Effect of Seismic Shocks

José García-Montalvo and Marta Reynal-Querol

1019: Quit Turbulence and Unemployment

Isaac Baley, Lars Ljungqvist and Thomas Sargent

1018: Separating Predicted Randomness from Noise

Jose Apesteguia and Miguel Ballester

1017: The Impact of Progressive Tuition Fees on Dropping Out of Higher Education: A Regression Discontinuity Design

José García-Montalvo

1016: International Commodity Prices and Civil War Outbreak: New Evidence for Sub-Saharan Africa and Beyond

Antonio Ciccone

1015: Elasticity Determinants of Inequality Reducing Income Taxation

Oriol Carbonell-Nicolau and Humberto Llavador

1013: On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint

Davide Debortoli, Jordi Galí and Luca Gambetti

1012: A Theory of Crowdfunding -A Mechanism Design Approach with Demand Uncertainty and Moral Hazard: Comment

Matthew Ellman and Sjaak Hurkens

1011: The Effects of Land Markets on Resource Allocation and Agricultural Productivity

Chaoran Chen, Diego Restuccia and Raul Santaeulalia-Llopis

1010: The Impact of Forward Guidance on Inflation Expectations: Evidence from the ECB

Marc de la Barrera, Juraj Falath, Dorian Henricot and Jean-Alexandre Vaglio

1009: The Optimal Inflation Target and the Natural Rate of Interest

Philippe Andrade, Jordi Galí, Hervé Le Bihan and Julien Matheron

1008: Constraints on LTV as a Macroprudential Tool: A Precautionary Tale

José García-Montalvo and Josep M. Raya

1007: Advice from Women and Men and Selection into Competition

Jordi Brandts

1006: Global Financial Cycle, Household Credit, and Macroprudential Policies

Mircea Epure, Irina Mihai, Camelia Minoiu and Jose-Luis Peydro

1005: Property Rights in Sequential Exchange

Benito Arruñada, Nuno Garoupa and Giorgio Zanarone

1004: Urbanization Patterns, Information Diffusion and Female Voting in Rural Paraguay

Alberto Chong, Gianmarco León-Ciliotta, Vivian Roza and Gabriela Vega

1003: Reasoning about Others' Reasoning

Larbi Alaoui, Katharina A. Janezic and Antonio Penta

1002: Extensions of the Shapley value for Environments with Externalities

Ines Macho-Stadler, David Perez-Castrillo and David Wettstein

1001: Strength in Diversity? Fiscal Federalism among the Fifty U.S. States

Teresa Garcia-Mila, Therese J. McGuire and Wallace Oates

1000: The Consumption, Income, and Wealth of the Poorest: An Empirical Analysis of Economic Inequality in Rural and Urban Sub-Saharan Africa for Macroeconomists

Raul Santaeulalia-Llopis

999: Are Women Status-Ranking Averse?

Jordi Brandts, Klarita Gërxhani and Arthur Schram

998: A Blessing in Disguise? Market Power and Growth with Financial Frictions

Joachim Jungherr and David Strauss

997: Debt Dilution and Debt Overhang

Joachim Jungherr and Immo Schott

996: Teaching microeconomic principles with smartphones – lessons from classroom experiments with classEx

Marcus Giamattei and Humberto Llavador

995: The Price of Growth: Consumption Insurance in China 1989-2009

Raul Santaeulalia-Llopis and Yu Zheng

994: Natural Resources and Global Misallocation

Alexander Monge-Naranjo, Juan Sanchez and Raul Santaeulalia-Llopis

993: Liquidity Sentiments

Vladimir Asriyan, William Fuchs and Brett Green

992: Ethnic Diversity and Growth: Revisiting the Evidence

José García-Montalvo and Marta Reynal-Querol

991: Detecting Granular Time Series in Large Panels

Christian Brownlees and Geert Mesters

990: Reading Between the Lines: Prediction of Political Violence Using Newspaper Text

Hannes Mueller

989: The Macroeconomics of Rational Bubbles: A User's Guide

Alberto Martin and Jaume Ventura

988: The Implied Volatility of Forward Starting Options: ATM Short-Time Level, Skew and Curvature

Elisa Alòs, Antoine Jacquier and Jorge A. León