Working Papers

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2021_2104: Normal but Skewed?

Dante Amengual, Xinyue Bei and Enrique Sentana

2021_2103: Multivariate Hermite polynomials and information matrix tests

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2021_2102: Moment tests of independent components

Dante Amengual, Gabriele Fiorentini and Enrique Sentana

2021_2101: Aggregate Output Measurements: A Common Trend Approach

Martin Almuzara, Gabriele Fiorentini and Enrique Sentana

2020_2025: The Deposits Channel of Monetary Policy. A Critical Review

Rafael Repullo

2020_2024: Reprocity and Uncertainty: When Do People Forgive?

Andres Gago

2020_2023: Discrete Mixtures of Normals Pseudo Maximum Likelihood Estimators of Structural Vector Autoregressions

Gabriele Fiorentini and Enrique Sentana

2020_2022: Confrontation Costs in Negotiations: Bargaining Under the Veil of a Screen

Andres Gago

2020_2021: The Reversal Interest Rate. A Critical Review

Rafael Repullo

2020_2020: Gross Capital Flows by Banks, Corporates and Sovereigns

Stefan Avdjiev, Bryan Hardy, Sebnem Kalemli-Özcan and Luis Servén

2020_2019: A Theory of Foreign Exchange Interventions

Sebastián Fanelli and Ludwig Straub

2020_2018: Caste in Class: Evidence from Peers and Teachers

Javier García-Brazales

2020_2017: Interest Rates, Market Power, and Financial Stability

David Martinez-Miera and Rafael Repullo

2020_2016: Zero-Diagonality as a Linear Structure

Jan R. Magnus and Enrique Sentana

2020_2015: The Economics of Urban Density

Gilles Duranton and Diego Puga

2020_2014: A Dynamic Structural Model of Virus Diffusion and Network Production: A First Report

Victor Aguirregabiria, Jiaying Gu, Yao Luo and Pedro Mira

2020_2013: Urban Growth and its Aggreate Implications

Gilles Duranton and Diego Puga

2020_2012: The Health Toll of Import Competition

Jerome Adda and Yarine Fawaz

2020_2011: How the Breadth and Depth of Import Relationships Affect the Performance of Canadian Manufactures

Matilde Bombardini, Keith Head, Maria D. Tito and Ruoying Wang

2020_2010: Productivity and the Welfare of Nations

Susanto Basu, Luigi Pascali, Fabio Schiantarelli and Luis Servén

2020_2009: Global Giants and Local Stars: How Changes in Brand Ownership Affect Competition

Vanessa Alviarez, Keith Head and Thierry Mayer

2020_2008: Political Power, Elite Control, and Long-Run Development: Evidence from Brazil

Claudio Ferraz, Federico Finan and Monica Maretinez-Bravo

2020_2007: Reforming the Individual Income Tax in Spain

Nezih Guner, Javier Lopez-Segovia and Roberto Ramos

2020_2006: Twin Default Crises

Caterina Mendicino, Kalin Nikolov, Juan Rubio-Ramirez, Javier Suarez and Dominik Supera

2020_2005: The Jacobian of the Exponential Function

Jan R. Magnus, Henk G. J. Pijls and Enrique Sentana

2020_2004: Gaussian Rank Correlation and Regression

Dante Amengual, Enrique Sentana and Zhanyuan Tian

2020_2003: Social isolation, health dynamics, and mortality: Evidence across 21 Europe countries

Yarine Fawaz and Pedro Mira

2020_2002: Hypothesis Tests with a Repeatedly Singular Information Matrix

Dante Amengual, Xinyue Bei and Enrique Sentana

2020_2001: Does the Added Worker Effect Matter?

Nezih Guner, Yuliya Kulikova and Arnau Valladares-Esteban

2019_1914: Recovering Latent Variables by Matching

Manuel Arellano and Stéphane Bonhomme

2019_1913: Labor Market Frictions and Lowest Low Fertility

Nezih Guner, Ezgi Kaya and Virginia Sanchez-Marcos

2019_1912: The Wife's Protector: A Quantitative Theory Linking Contraceptive Technology with the Decline in Marriage

Jeremy Greenwood, Nezih Guner and Karen Kopecky

2019_1911: Divided They Fall. Fragmented Parliaments and Government Stability

Felipe Carozzi, Davide Cipullo and Luca Repetto

2019_1910: Optimally Solving Banks' Legacy Problems

Anatoli Segura and Javier Suarez

2019_1909: Calling from the outside: The role of networks in residential mobility

Konstantin Büchel, Maximilian von Ehrlich, Diego Puga and Elisabet Viladecans-Marsal

2019_1908: Bank Capital Forbearance

Natalya Martynova, Enrico Perotti and Javier Suarez

2019_1907: Synthetic Difference in Differences

Dmitry Arkhangelsky, Susan Athey, David A. Hirshberg, Guido Imbens and Stefan Wager

2019_1906: Structural Transformation, Industrial Specialization, and Endogenous Growth

Paula Bustos, Juan Castro Vincenzi, Joan Monras and Jacopo Ponticelli

2019_1905: The Role of the Propensity Score in Fixed Effect Models

Dmitry Arkhangelsky and Guido Imbens

2019_1904: The Spanish Personal Income Tax: Facts and Parametric Estimates

Esteban Garcia-Miralles, Nezih Guner and Roberto Ramos

2019_1903: Dealing with a Technological Bias: The Difference-in-Difference Approach

Dmitry Arkhangelsky

2019_1902: Dual Labour Markets Revisited

Samuel Bentolila, Juan Dolado and Juan F Jimeno

2019_1901: Monetary Policy, Macroprudential Policy, and Financial Stability

David Martinez-Miera and Rafael Repullo

2018_1814: New Testing Approaches for Mean-Variance Predictability

Gabriele Fiorentini and Enrique Sentana

2018_1813: Conditional Return Asymmetries in the Sovereign-Bank Nexus

Julio Gálvez and Javier Mencia

2018_1812: Burning Money? Government Lending in a Credit Crunch

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

2018_1811: Markets, Banks, and Shadow Banks

David Martinez-Miera and Rafael Repullo

2018_1810: Inequality in Life Expectancies across Europe

Radim Bohácek, Jesús Bueren, Laura Crespo, Pedro Mira and Josep Pijoan-Mas

2018_1809: How Important are Dismissals in CEO Incentives? Evidence from a Dynamic Agency Model

Alvaro Remesal

2018_1808: Clawback Provisions, Executive Pay, and Accounting Manipulation

Alvaro Remesal