Publications

"House Prices and Misallocation: The Impact of the Collateral Channel on Productivity" (with David Lopez-Rodriguez and Enrique Moral-Benito)  

Economic Journal, conditionally Accepted  

Abstract PDFBank of Spain Working Paper No. 2135SUERF The European Money and Finance Forum -  summary Media Coverage: The Economist 

"Financial Crises and the Global Supply Network: Evidence from Multinational Enterprises" (with Giulia Felice, Bruno Merlevede and Martí Mestieri

Journal of International Economics, Accepted 

Abstract PDFNBER Working Paper CEPR Discussion Paper 

"The Effect of Import Competition Across Occupations" (with Maxime Liégey, Martí Mestieri and Gabriel Smagghue) 

Journal of International Economics, Accepted 

Abstract PDF Online Appendix

"Socioeconomic Mortality Differences during the Great Influenza in Spain" (with Jordi Domènech and Joan R. Rosés) 

Economics and Human Biology,  Vol. 52, January 2024. https://doi.org/10.1016/j.ehb.2023.101318 

Abstract PDFCEPR Discussion Paper - DP15783LSE Blog -  summary 5 centims -  summary (in Catalan) Nada Es Gratis -  summary (in Spanish) 

"Banks, Credit Supply, and the Life Cycle of Firms: Evidence from Late Nineteenth Century Japan" (with John P. Tang)

Journal of Banking & Finance, Vol. 154, September 2023. https://doi.org/10.1016/j.jbankfin.2023.106937 

Abstract PDFCEH Discussion Paper - DP 2021-02

"Land Reform and Rural Conflict: Evidence from 1930s Spain" (with Jordi Domènech and Laura Maravall)

Explorations in Economic History, Vol. 89, July 2023. https://doi.org/10.1016/j.eeh.2023.101530 

Abstract PDFInstituto Figuerola WPEH- 2021-08

"The Redistributive Effects of Pandemics: Evidence on the Spanish Flu" (with Jordi Domènech and Joan R. Rosés)

World Development, Vol. 141, May 2021. https://doi.org/10.1016/j.worlddev.2021.105389

Abstract PDFLSE Blog -  summary 5 centims -  summary (in Catalan) Nada Es Gratis -  summary (in Spanish) 

"The Samurai Bond: Credit Supply, Market Access and Structural Transformation in Pre-War Japan" (with John P. Tang)

Journal of Economic History, Vol. 80, Issue 2, June 2020, pp. 457-500. https://doi.org/10.1017/S0022050720000212 

Abstract PDF   

"The World Income Distribution: The Effects of International Unbundling of Production" (with Martí Mestieri) 

Journal of Economic GrowthVol. 24, June 2019, pp. 189-221. https://doi.org/10.1007/s10887-019-09164-4 

Abstract PDF  Online Appendix   Additional ResultsVox -EU summary World Economic Forum  - summary     Ideas for India - summary 

"Mergers along the Global Supply Chain: Information Technologies and Routine Tasks" (with Martí Mestieri)  

Oxford Bulletin of Economics and Statistics, Vol. 80, Issue 2, April 2018, pp. 406-433. http://dx.doi.org/10.1111/obes.12165

Abstract PDF (Older version with additional results)Vox-EU summary

"Switching Bubbles: From Outside to Inside Bubbles" 

European Economic Review, Vol. 87, August 2016, pp. 236-255. http://dx.doi.org/10.1016/j.euroecorev.2016.05.009

Abstract PDF 

"Globalization and Financial Development: A Model of the Dot-Com and the Housing Bubbles" 

Journal of International Economics, Vol. 92, Issue 1, January 2014, pp. 78-94.  http://dx.doi.org/10.1016/j.jinteco.2013.10.008  

Abstract PDF

"Financial Development and the Product Cycle"

Journal of Economic Behavior and Organization, Vol. 94, October 2013, pp. 295-313. http://dx.doi.org/10.1016/j.jebo.2012.10.003 

Abstract PDF

"Heterogeneous Trade Costs and Wage Inequality: A Model of Two Globalizations" (with Martí Mestieri) 

Journal of International Economics, Vol. 89, Issue 2, March 2013, pp. 393-406.  http://dx.doi.org/10.1016/j.jinteco.2012.09.003

Abstract PDF Online Appendix(Older version with additional results)