We study optimal government support following a rare disaster that creates heterogeneous
firm liquidity needs. Firms' increase in debt reduces their output due to moral hazard. Banks …

We develop a novel framework featuring loss amplification through firm-bank linkages. We
use it to study optimal government support in a lockdown that creates heterogeneous …

The Banco de España Business Activity Survey (EBAE), which assesses quarterly the
activity of a sample of non-financial corporations (NFCs), 1 is a useful tool for monitoring …

This study analyses the impact of the COVID-19 pandemic on Spanish listed REITs during
the first wave from both the stock market and the operating performance perspectives. First …

Business investment in Spain has proven considerably weak in recent years and is still
below prepandemic levels. This article analyses investment dynamics in Spain until 2022 …