Working Papers

From Barcelona School of Economics
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244: Product Specialization, Efficiency and Productivity Change in the Spanish Insurance Industry

Hugo Fuentes, Sergio Perelman and Emili Grifell-Tatje

243: Real Wage Rigidities and the New Keynesian Model

Olivier Blanchard and Jordi Galí

242: New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling

Ignazio Angeloni, Luc Aucremanne, Michael Ehrmann, Andrew Levin, Frank Smets and Jordi Galí

241: The Dog That Did Not Bark: Insider Trading and Crashes

Jacques Olivier and Jose Marin

240: Optimal Monetary and Fiscal Policy in a Currency Union

Tommaso Monacelli and Jordi Galí

239: Global Bifurcations, Credit Rationing and Recurrent Hyperinflations

Àlex Haro and Pedro Gomis-Porqueras

235: A Model of Participatory Democracy: Undestanding the Case of Porto Alegre

Santiago Sánchez-Pagés and Enriqueta Aragones

234: Stabilization versus insurance: welfare effects of procyclical taxation under incomplete markets

James Costain and Michael Reiter

233: Credit Card Debt Puzzles

Michael Haliassos and Michael Reiter

232: Estate Taxes, Consumption Externalities, and Altruism

Jaime Alonso-Carrera, Xavier Raurich and Jordi Caballe

230: Voting with Preferences over Margins of Victory

Humberto Llavador

228: Are loyalty-rewarding pricing schemes anti-competitive?

Adina Claici and Ramon Caminal

227: Portable Alphas from Pension Mispricing

Francesco Franzoni and Jose Marin

222: Modern Perspectives on Stabilization Policies

Jordi Galí

221: A Cooperative Approach to Queue Allocation of Indivisible Objects

Herbert Hamers, Marco Slikker, Bas Van Velzen and Flip Klijn

219: The Overhang Hangover

Jean Imbs and Romain Ranciere

218: Proportional Share Analysis

Cori Vilella and Carles Rafels

216: The Dot-Com Bubble, the Busch Deficits and the US Current Account

Aart Kraay and Jaume Ventura

215: Business Cycles, Unemployment Insurance and the Calibration of Matching Models

James Costain and Michael Reiter

213: Riding the South See Bubble

Peter Temin and Hans-Joachim Voth

210: Increasing Returns, Imperfect Competition and Factor Prices

Paolo Epifani and Gino Gancia

209: Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714

Peter Temin and Hans-Joachim Voth

207: When in Peril, Retrench: Testing the Portfolio Channel of Contagion

R. Gaston Gelos, Carmen Reinhart and Fernando Broner

205: Education, Matching and the Allocative Value of Romance

Alison Booth and Melvyn Coles

204: Economic Growth with Bubbles

Jaume Ventura and Alberto Martin

203: A Global View of Economic Growth

Jaume Ventura

202: Endogenous Labor Market Participation and the Business Cycle

Christian Haefke and Michael Reiter

200: Horizontal Innovation in the Theory of Growth and Development

Gino Gancia and Fabrizio Zilibotti

199: Trade, Migration and Regional Unemployment

Paolo Epifani and Gino Gancia

198: Globalization, Divergence and Stagnation

Gino Gancia

194: Capitalism, Unemployment and the Transition to the Contemporary Pattern of Growth

Howard Petith

191: Wealth, Financial Intermediation and Growth

Alejandro Gaytan and Romain Ranciere

190: Systemic Crises and Growth

Aaron Tornell, Frank Westermann and Romain Ranciere

189: Environmental Regulation: Choice of Instruments under Imperfect Compliance

Ines Macho-Stadler

188: Dynamic Matching and Bargaining: The Role of Deadlines

Nir Vulkan and Sjaak Hurkens

187: Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle

Jordi Galí

186: Discrete Devaluations and Multiple Equilibria in a First Generation Model of Currency Crises

Fernando Broner

184: The Skill Bias of World Trade

Paolo Epifani and Gino Gancia

182: Pairwise-Stability and Nash Equilibria in Network Formation

Rahmi İlkılıç and Antoni Calvó-Armengol

180: Strong and Weak Ties in Employment and Crime

Antoni Calvó-Armengol, Yves Zenou and Thierry Verdier

179: Like Father, Like Son: Labor Market Networks and Social Mobility

Antoni Calvó-Armengol and Matthew Jackson

178: Who's Who in Networks. Wanted: The Key Player

Antoni Calvó-Armengol, Coralio Ballester and Yves Zenou

177: Aversion to Inequality and Segregating Equilibria

Antoni Calvó-Armengol and Antonio Cabrales

175: A test between matching theories

Melvyn Coles and Barbara Petrongolo

174: Stochastic Uncoupled Dynamics and Nash Equilibrium

Sergiu Hart and Andreu Mas-Colell

173: Incomplete Markets, Labor Supply and Capital Accumulation

Philippe Weil, Francesc Obiols-Homs and Albert Marcet

172: Money and Prices in Models of Bounded Rationality in High Inflation Economies

Juan Pablo Nicolini and Albert Marcet

171: Debt and Deficit Fluctuations and the Structure of Bond Markets

Andrew Scott and Albert Marcet

170: Bargaining and idle public sector capacity in health care

Pedro Barros and Xavier Martinez-Giralt

169: Productivity at the Post: its Drivers and its Distribution

Emili Grifell-Tatje and C. Lovell