Research

Publications

• Public Debt Burden and Crisis Severity, with Ivan Paya. European Economic Review, 176, 2025, 105028.

• Preventing Financial Disasters: Macroprudential Policy and Financial Crises. European Economic Review, 151, 2023, 104350. 

• Macroprudential Policy in the Euro Area, with Ivan Paya. Journal of Money, Credit and Banking. Accepted.  [Final Draft]   [WP]     

Working Papers

• The Transmission of Macroprudential Policy in the Tails: Evidence from a Narrative Approach, with Simon Lloyd and Ed Manuel. R&R at Journal of Applied Econometrics.

     [BdE WP | Latest Draft]   [ESRB Working Paper]   [BoE WP]     

     Blog: Bank of England Blog Post. Awards: Runner Up, ESRB leke van den Burg Prize 2023

• [New!] The Economic Impact of Natural Disasters: A High Frequency Approach. [Draft] 

• [New!] Macroprudential Policy and Housing Wealth Inequality: Evidence from the Euro Area, with A. Pérez-Bernabeu. [Draft] 

Work in Progress

• Natural Disasters and Fiscal Shelters, with Evi Pappa.