Publications

Publications in refereed journals:

Evaluating the yield curve effects of central bank asset purchases under a forward-looking supply factor (with J. Equiza, R. Gimeno, A. Moreno), European Economic Review, 165, June 2024.

Monetary Policy and Sovereign Debt Sustainability (with S. Hurtado and G. Nuño), Journal of the European Economic Association, 21(1), February 2023.

Optimal Redistributive Inflation* (with G. Nuño), Annals of Economics and Statistics, 146, June 2022. (* Previously circulated as "Optimal Monetary Policy with Heterogeneous Agents")

A Large Central Bank Balance Sheet? Floor vs Corridor Systems in a New Keynesian Environment (with Ó. Arce, G. Nuño, D. Thaler), Journal of Monetary Economics, 114, October 2020.

Structural Reforms in a Debt Overhang (with J. Andrés and Ó. Arce), Journal of Monetary Economics, 88, June 2017.

Bank Leverage Cycles (with G. Nuño), American Economic Journal: Macroeconomics, 9(2), April 2017.

Policy Spillovers and Synergies in a Monetary Union (with O. Arce and S. Hurtado), International Journal of Central Banking, 12(3), September 2016.

Optimal monetary policy with state-dependent pricing (with A. Nakov), International Journal of Central Banking, 10(3), September 2014. 

Banking competition, collateral constraints, and optimal monetary policy (with J. Andrés and Ó. Arce), Journal of Money, Credit and Banking, 45(s2), December 2013. Click here for the working paper version.  

Collective bargaining, firm heterogeneity and unemployment (with J. F. Jimeno), European Economic Review, 59, April 2013. Click here for the working paper version.

FiMod - A DSGE model for fiscal policy simulations (with N. Stähler), Economic Modelling, 29(2), March 2012. Click here for the working paper version.

Search frictions, real rigidities and inflation dynamics, Journal of Money, Credit and Banking, 43(6), September 2011. Click here for the working paper version.

Labor market reform and price stability: an application to the Euro Area (with F. Zanetti), Journal of Monetary Economics, 56(6), September 2009. Click here for the working paper version.

Search and matching frictions and optimal monetary policy, Journal of Monetary Economics, 55(5), July 2008. Click here for the working paper version.

Other publications:

"Budget deficits in a fiscal federation: the role of central government commitment", CEMFI Master's Theses Series, No.0309, October 2003.