The financial transmission of housing booms: evidence from Spain
How does a housing boom affect credit to non-housing firms? Using bank, firm, and loan-
level microdata, we show that the Spanish housing boom reduced non-housing credit …
level microdata, we show that the Spanish housing boom reduced non-housing credit …
The global financial resource curse
We provide a model connecting the global saving glut to productivity growth. The key feature
is that the tradable sector is the engine of growth of the economy. Capital flows from …
is that the tradable sector is the engine of growth of the economy. Capital flows from …
Real effects of sovereign debt inflow shocks
L Pandolfi, T Williams - AEA Papers and Proceedings, 2020 - aeaweb.org
This paper analyzes the real effects on firms of sovereign debt inflow shocks in emerging
countries. We follow Broner et al.(2019) and exploit six episodes of country inclusions into …
countries. We follow Broner et al.(2019) and exploit six episodes of country inclusions into …