Joseba Martinez
YOU?
Author Swipe
View article: Does a currency union need a capital market union?
Does a currency union need a capital market union? Open
We compare risk sharing in response to demand and supply shocks in four types of currency unions: segmented markets; a money market union; a capital market union; and complete financial markets. We show that a money market union is efficie…
View article: Does a Currency Union Need a Capital Market Union? Risk Sharing Via Banks and Markets
Does a Currency Union Need a Capital Market Union? Risk Sharing Via Banks and Markets Open
We compare risk sharing in response to demand and supply shocks in four types of currency unions: segmented markets; a banking union; a capital market union; and complete financial markets. We show that a banking union is efficient at shar…
View article: Does a Currency Union Need a Capital Market Union? Risk Sharing via Banks and Markets
Does a Currency Union Need a Capital Market Union? Risk Sharing via Banks and Markets Open
We compare risk sharing in response to demand and supply shocks in four types of currency unions: segmented markets; a banking union; a capital market union; and complete financial markets.We show that a banking union is efficient at shari…
View article: Replication data for: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
Replication data for: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence Open
We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model wit…
View article: Runs versus Lemons: Information Disclosure and Fiscal Capacity
Runs versus Lemons: Information Disclosure and Fiscal Capacity Open
We study the optimal use of disclosure and fiscal backstops during financial crises. Providing information can reduce adverse selection in credit markets, but negative disclosures can also trigger inefficient bank runs. In our model govern…
View article: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence Open
We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop and estimate a model with…
View article: Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence Open
We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn.We first present some panel data evidence that …