Research

WORK IN PROGRESS

• Female portfolio choices and marital property regimes

Joint with Lidia Cruces (Goethe Univ.) and Isabel Micó (Banco de España) 

Working Paper •  submitted •  Best Paper Award Antonio Dionis 2023

• The drivers of firm dynamism

Joint with Marie Adler (EUI) and Ralph Setzer (ECB)

• Fiscal Announcements and Households’ Beliefs: Evidence from the Euro Area

Joint with José-Elías Gallegos (Banco de España), Esteban García-Miralles (Banco de España) and Ivan Kataryniuk (Banco de España)

ECB working paper 3139, 2025 •  submitted

• Structural factors, innovation and the green transition

Joint with Miles Parker (ECB) and Iván Kim Taveras (Bocconi Univ.)

• The pass-through to inflation of gas price shocks

Joint with Lucia López (Banco de España), Florens Odendahl (Banco de España) and Edgar Silgado (Banco de España)

ECB working paper 2968, 2024 •  submitted

PUBLICATIONS

• The aggregate effects of government income transfer shocks: EU evidence

SERIEs, 14, 1-28, 2023

Working Paper

• A Raise for Grandma: Pensions and Household Expenditure

The Economic Journal, 133 (649), 390-419, 2023

Slides •  Dataset  •  Working Paper  

• The implications of globalisation for the ECB monetary policy strategy 

ECB Occasional Paper 263, 2021

VoxEU column

• Taxation challenges of population ageing: comparative evidence from the European Union, the United States and Japan

Joint with Javier J. Pérez and Frutuoso Borrallo. 

Banco de España Occasional Paper Nº2102, 2021

Spanish version in Revista de Economía Información Comercial Española Nº 917 (December 2020), 185-202.

• Fiscal policy measures in response to the health crisis in the main euro area economies, the United States and the United Kingdom

Joint with Lucía Cuadro-Sáez, Fernando S. López-Vicente and Francesca Viani 

Banco de España Occasional Paper Nº 2019 

Spanish version

• La Economía de Estados Unidos, Diez Años Después de la Crisis

Joint with Laura Heras-Recuero and Pilar L'Hotellerie-Fallois  

Boletín Económico de Información Comercial Española Nº 3110 (April 2019), 7-25

• The Dynamic Effects of Public Expenditure Shocks in the United States 

Journal of Macroeconomics, Volume 56, 340-360, 2018

Working Paper