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Liquidity risk, market power and the informational effects of policy
(Elsevier, 2023-05)
Using a structural approach, we combine bidding data from open market operations with macroeconomic information to recover the latent distribution of liquidity risk across financial institutions in Chile and how it is ...
Identifying preferences when households are financially constrained
(Elsevier, 2023-12)
This paper shows that utilizing information on the extensive margin of financially constrained households can narrow down the set of admissible preferences in a large class of macroeconomic models. Estimates based on Spanish ...
Brain drain: causes, effects & factors affecting it
(2024-05-27)