Working Papers

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2026_2612: The Burden of Informal Care: Does Looking After Aging Parents Weaken Social Ties?

Zhenghao Chen, Yarine Fawaz and Pedro Mira

2026_2611: Taxes and Transfers with Nonlinear Wage Dynamics

Nezih Guner, Eugenio Renedo and Emre Enes Yavuz

2026_2610: Tariffs as Taxes on Capital

Rubén Domínguez-Díaz, Marta Domínguez-Jiménez, José-Elías Gallegos and Javier Quintana

2026_2609: Familiar Taste, Safer Choices: Sensory Heuristics and the Adoption of Clean Water

Giulia Buccione and Martín A. Rossi

2026_2608: Monetary Policy, Capital Controls, and International Portfolios

Sebastián Fanelli

2026_2607: Trade, Financial Frictions, and the Missing Manufacturing Window

Marta Domínguez-Jiménez and Santiago Etchegaray

2026_2606: Transmission of Negative Interest Rates: Reversal or Amplification?

Jan Lukas Schäfer

2026_2605: Subjective Earnings and Employment Dynamics

Manuel Arellano, Orazio Attanasio, Margherita Borella, Mariacristina De Nardi and Gonzalo Paz-Pardo

2026_2604: Legacies of the Reformation: How Religious Identity Shapes Political Preferences in Germany

Erik Ortiz-Covarrubias

2026_2603: Unobservable no more: estimating the natural rate of interest under flat IS and Phillips curves

Gabriele Fiorentini, Alessandro Galesi, Rodrigo Peña, Gabriel Perez Quiros and Enrique Sentana

2026_2602: Shaping Teen Abortion Choices: Access Frictions and Consent Laws

Elena Sanjuan

2026_2601: Information matrix tests for switching regressions

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2025_2532: Testing shock independence in Gaussian structural VARs

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2025_2531: Familiar Taste, Safer Choices: Sensory Heuristics and the Adoption of Clean Water

Giulia Buccione and Martín Rossi

2025_2530: Dual Labor Markets and the Equilibrium Distribution of Firms

Josep Pijoan-Mas and Pau Roldan-Blanco

2025_2529: Family: Burden or Support to Entrepreneurship in Times of Crisis?

Yanina Domenella

2025_2528: Disability and Labor Inclusion: Experimental Evidence from Spain

Yanina Domenella and Samuel Bentolila

2025_2527: The Cost of Waiting for Nationality: Impact on Immigrant’s Labor Market Outcomes in Spain

Yanina Domenella

2025_2526: Education, Lifestyles, and Health Inequality

Jesús Bueren, Josep Pijoan-Mas and Dante Amengual

2025_2525: Firms, Flexibility, and Fertility

Nezih Guner, Ezgi Kaya, Alessandro Ruggieri and Virginia Sanchez-Marcos

2025_2524: Separations Revisited: Do Layoffs or Quits Drive Lower Separation Rates in High-Quality Firms?

Caue Dobbin, Daniel Fernandez and Tom Zohar

2025_2523: The Costs of Counterparty Risk in Long-Term Contracts

Natalia Fabra and Gerard Llobet

2025_2522: Storage and Renewable Energies: Friends or Foes?

David Andrés-Cerezo and Natalia Fabra

2025_2521: Designing Contracts for the Energy Transition

Natalia Fabra and Gerard Llobet

2025_2520: The Role of Friends in the Opioid Epidemic

Effrosyni Adamopoulou, Jeremy Greenwood, Nezih Guner and Karen Kopecky

2025_2519: Exporter Survival with Uncertainty and Experimentation

Sebastián Fanelli, Juan Hallak and Yongkun Yin

2025_2518: Finance Over the Life Cycle of Firms

Federico Kochen

2025_2517: Family-Friendly Policies and Fertility: What Firms Have to Do With It?

Olympia Bover, Nezih Guner, Yuliya Kulikova, Alessandro Ruggieri and Carlos Sanz

2025_2516: The Origins of Top Firms

Rafael Guntin and Federico Kochen

2025_2515: Nonlinear Micro Income Processes with Macro Shocks

Martín Almuzara, Manuel Arellano, Richard Blundell and Stéphane Bonhomme

2025_2514: Seeds of Prejudice: The Impact of British Colonization on Attitudes towards Sexual Minorities

Alexsandros Cavgias and Cristian Navarro

2025_2509: From Incurred to Expected Loss: Implications for Bank Lending

Jorge Abad, Daisuke Ikeda and Javier Suarez

2025_2508: A Model of Interacting Banks and Money Market Funds

Martin Farias and Javier Suarez

2025_2507: The Complementary Role of Information and Contraceptive Access in Teen Pregnancy

Sevin Kaytan, Stwarth Piedra-Bonilla and Tom Zohar

2025_2506: Regulation, Supervision, and Bank Risk-Taking

Rafael Repullo

2025_2505: The Aggregate Costs of Political Connections

Jonas Gathen

2025_2504: Means-Tested Transfers in the US: Facts and Parametric Estimates

Nezih Guner, Christopher Rauh and Gustavo Ventura

2025_2503: Using Event Studies as an Outcome in Causal Analysis

Dmitry Arkhangelsky, Kazuharu Yanagimoto and Tom Zohar

2025_2502: The information matrix test for Markov switching autoregressive models with covariate-dependent transition probabilities

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2025_2501: Predicting Market Reactions to News: An LLM-Based Approach Using Spanish Business Articles

Jesús Villota

2024_2413: Estimating flexible income processes from subjective expectations data: evidence from India and Colombia

Manuel Arellano, Orazio Attanasio, Sam Crossman and Víctor Sancibrián

2024_2412: Micro responses to macro shocks

Martín Almuzara and Víctor Sancibrián

2024_2411: Portfolio management with big data

Francisco Peñaranda and Enrique Sentana

2024_2410: Banking on Resolution: Portfolio Effects of Bail-in vs. Bailout

Siema Hashemi

2024_2409: The Allocation of Cash Flow by Spanish Firms: New Evidence on the Impact of Financial Frictions

Martin Farias

2024_2407: Labor Market Institutions and Fertility

Nezih Guner, Ezgi Kaya and Virginia Sanchez-Marcos

2024_2406: Information matrix tests for multinomial logit models

Dante Amengual, Gabriele Fiorentini and Enrique Sentan

2024_2405: Why not Choose a Better Job? Flexibility, Social Norms, and Gender Gaps in Japan

Kazuharu Yanagimoto

2024_2404: Why Not Tax It? The Effects of Property Taxes on House Price and Homeownership

Francesco Chiocchio

2024_2403: The Role of Friends in the Opioid Epidemic

Effrosyni Adamopoulou, Jeremy Greenwood, Nezih Guner and Karen Kopecky