Working Papers

From Barcelona School of Economics
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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

987: The Effect of Horizontal Mergers, when Firms Compete in Prices and Investments

Massimo Motta and Emanuele Tarantino

986: Foreign Investment and Domestic Productivity: Identifying Knowledge Spillovers and Competition Effects

Christian Fons-Rosen and Carolina Villegas-Sanchez

985: Fundamental Errors in the Voting Booth

Edward L. Glaeser and Giacomo Ponzetto

984: Burning Money? Government Lending in a Credit Crunch

Gabriel Jimenez, Jose-Luis Peydro, Rafael Repullo and Jesús Saurina

983: How to Make Land Titling more Rational

Benito Arruñada

982: Industrial Espionage and Productivity

Albrecht Glitz and Erik Meyersson

981: The Micro Origins of International Business Cycle Comovement

Julian di Giovanni and Isabelle Mejean

980: Firms' Innovation Strategy under the Shadow of Analyst Coverage

Bing Guo, David Perez-Castrillo and Anna Toldrà-Simats

979: Aggregation and Design of Information in Asset Markets with Adverse Selection

Vladimir Asriyan, William Fuchs and Brett Green

978: The Effects of Paternity Leave on Fertility and Labor Market Outcomes

Lidia Farre and Libertad Gonzalez

977: Educational Disparities in the Battle Against Infertility: Evidence from IVF Success

Fane Groes, Daniela Iorio, Man Yee (Mallory) Leung and Raul Santaeulalia-Llopis

976: Firms and Labor Market Inequality: Evidence and Some Theory

David Card, Ana Rute Cardoso and Jörg Heining

975: Consumers' Costly Responses to Product-Harm Crises

Rosa Ferrer and Helena Perrone

974: Perception of Corruption and Public Support for Redistribution in Latin America

Esther Hauk, Monica Oviedo and Xavi Ramos

973: Deciding on what to Decide

Salvador Barberà and Anke Gerber

972: Occupational Choice with Endogenous Spillovers

Facundo Albornoz, Antonio Cabrales and Esther Hauk

971: Targeted Advertising and Costly Consumer Search

Roberto Burguet and Vaiva Petrikaite

970: How Should we Model Property? Thinking with my Critics

Benito Arruñada

969: Why Is Food Consumption Inequality Underestimated? A Story of Vices and Children

Raul Santaeulalia-Llopis and Yu Zheng

968: The Dog that Didn't Bark: On the Effect of the Great Recession on the Surge of Secessionism

Xavier Cuadras-Morató and Toni Rodon

967: Hiring subsidies for people with disabilities: Do they work?

Sergi Jimenez-Martin, Arnau Juanmarti Mestres and Judit Vall Castello

966: Do Demand or Supply Factors Drive Bank Credit, in Good and Crisis Times?

Gabriel Jimenez, Steven Ongena, Jose-Luis Peydro and Jesús Saurina

965: International Financial Integration, Crises and Monetary Policy: Cross-Border Interbank Lending During the Euro Crises

Puriya Abbassi, Falk Bräuning, Falko Fecht and Jose-Luis Peydro

964: Monetary policy at work: Security and credit application registers evidence

Jose-Luis Peydro, Andrea Polo and Enrico Sette