Working Papers

From Barcelona School of Economics
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1151: Mismatch Cycles

Robert Ulbricht, Ana Figueiredo and Isaac Baley

1150: Cardinal Assignment Mechanisms: Money Matters More than it Should

Francisco Martínez-Mora, Antonio Miralles and Caterina Calsamiglia

1149: Constrained Pseudo-Market Equilibrium

Federico Echenique and Antonio Miralles

1148: Financial Disclosure Environment and the Cash Policy of Private Firms

Marcelo Ortiz

1147: Optimal Contracts with Randomly Arriving Tasks

Daniel Bird and Alexander Frug

1146: On Strategic Transmission of Gradually Arriving Information

Alexander Frug

1145: Understanding the Size of the Government Spending Multiplier: It's in the Sign

Christian Matthes, Davide Debortoli and Régis Barnichon

1144: Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey

Pierre Yared, Ricardo Nunes and Davide Debortoli

1143: The Bright Side of the Doom Loop: Banks Exposure and Default Incentives

Dominik Thaler and Luis Rojas

1142: From Fixed-Event to Fixed-Horizon Density Forecasts: Obtaining Measures of Multi-Horizon Uncertainty from Survey Density Forecasts

Gergely Ganics, Tatevik Sekhposyan and Barbara Rossi

1141: Terror and Tourism: The Economic Consequences of Media Coverage

Timothy Besley, Thiemo Fetzer and Hannes Mueller

1140: Agency Theory Meets Matching Theory

David Perez-Castrillo and Ines Macho-Stadler

1139: The Impact of Experience on How we Perceive the Rule of Law

Benito Arruñada

1138: A Theory of Monetary Union and Financial Integration

Luca Fornaro

1137: Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

Miguel Boucinha, Carlo Altavilla, Frank Smets and Jose-Luis Peydro

1136: Pharaoh's Cage: Environmental Circumscription and Appropriability in Early State Development

Ola Olsson and Laura Mayoral

1135: Increasing and Decreasing Labor Shares: Cross-Country Differences in the XXI Century

Sangmin Aum, Dongya Koh and Raul Santaeulalia-Llopis

1134: The Simple Economics of White Elephants

Gerard Llobet and Juan-José Ganuza

1132: Take it to the Limit? The Effects of Household Leverage Caps

Marc Gabarro, Sjoerd van Bekkum, Rustom M. Irani and Jose-Luis Peydro

1131: Global Liquidity and Impairment of Local Monetary Policy

Salih Fendoğlu, Eda Gülşen and Jose-Luis Peydro

1130: Order-k Rationality

Kareen Rozen, Alejandro Neme, Geoffroy de Clippel and Salvador Barberà

1129: Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s

Bryce C. Turner, David Elliott, Ralf R. Meisenzahl and Jose-Luis Peydro

1128: Negative Monetary Policy Rates and Systemic Banks' Risk-Taking: Evidence from the Euro Area Securities Register

Johannes Bubeck, Angela Maddaloni and Jose-Luis Peydro

1127: Early Individual Stakeholders, First Venture Capital Investment, and Exit in the UK Startup Ecosystem

Jonás Nieto-Postigo, David Perez-Castrillo, Ines Macho-Stadler and Albert Banal-Estañol

1126: Implementation via Transfers with Identical but Unknown Distributions

Mariann Ollár and Antonio Penta

1125: Media Attention and Strategic Timing in Politics: Evidence from U.S. Presidential Executive Orders

Milena Djourelova and Ruben Durante

1124: Relative Deprivation in Tanzania

Jean-Marc Bédhat Atsebi and Ada Ferrer-i-Carbonell

1123: Underpromise and Overdeliver? – Online Product Reviews and Firm Pricing

Simon Martin and Sandro Shelegia

1122: On Obvious Strategy-Proofness and Single-Peakedness

Alejandro Neme, R. Pablo Arribillaga and Jordi Masso

1121: Voter Heterogeneity and Political Corruption

Áron Tóth, Javier Rivas and Enriqueta Aragonès

1120: Higher Orders of Rationality and the Structure of Games

Francesco Cerigioni, Peio Zuazo-Garin, Pedro Rey-Biel and Fabrizio Germano

1119: Improving Schools through School Choice: An Experimental Study of Deferred Acceptance

Joana Pais, Marc Vorsatz and Flip Klijn

1118: Preference Shocks that Destroy Party Systems

Clara Ponsati and Enriqueta Aragonès

1117: Random Models for the Joint Treatment of Risk and Time Preferences

Miguel Ballester and Jose Apesteguia

1116: Aggregate Dynamics in Lumpy Economies

Andrés Blanco and Isaac Baley

1115: Almost Mutually Best in Matching Markets: Rank-Fairness and Size of the Core

Markus Walzl and Flip Klijn

1114: The Identification Problem for Linear Rational Expectations Models

Piotr Zwiernik and Majid Al-Sadoon

1113: Investment Demand and Structural Change

Lucciano Villacorta, Josep Pijoan-Mas and Manuel Garcia-Santana

1112: Sharing Government

Jaume Ventura

1111: How Effective Are Monetary Incentives to Vote? Evidence from a Nationwide Policy

Luis Martinez, Mariella Gonzales and Gianmarco León-Ciliotta

1110: A Theory of Economic Unions

Jaume Ventura, Giacomo Ponzetto and Gino Gancia

1109: The Stability of Multi-Level Governments

Clara Ponsati and Enriqueta Aragonès

1108: All Sequential Allotment Rules Are Obviously Strategy-Proof

Alejandro Neme, R. Pablo Arribillaga and Jordi Masso

1107: Daunou's Voting Rule and the Lexicographic Assignment of Priorities

Kotaro Suzumura, Walter Bossert and Salvador Barberà

1106: Rationalizability, Observability and Common Knowledge

Peio Zuazo-Garin and Antonio Penta

1105: Who Is Afraid of Machines?

Sang Yoon (Tim) Lee and Gino Gancia

1104: How does Caste Affect Entrepreneurship? Birth vs Worth

Sampreet Singh Goraya

1103: Education and Gender Differences in Mortality Rates

Judit Vall-Castello, Cristina Bellés-Obrero and Sergi Jimenez-Martin

1102: The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects

Claudia Ruiz-Ortega, Jessica Roldán-Peña, Bernardo Morais and Jose-Luis Peydro

1101: Monetary Policy and Bank Profitability in a Low Interest Rate Environment

Miguel Boucinha, Carlo Altavilla and Jose-Luis Peydro