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Academic Publications
Climate Transition Risk and The Role of Bank Capital Requirements
Economic Modelling (2024), joint with Enric Martorell. Slides
How should bank capital requirements be set to deal with climate-related transition risks?
The Amplification Effects of Adverse Selection in Mortgage Credit Supply
Journal of Housing Economics (2023)
How do information frictions in mortgage securitization amplify the response of credit supply to house price shocks?
Working Papers
Mortgage Securitization and Information Frictions in General Equilibrium
Review of Economic Dynamics, Conditionally Accepted. Slides
Thi s paper quantifies the role of liquidity and information frictions in driving aggregate U.S. mortgage credit, default, and house prices.
Rethinking Fiscal Rules in Resource-Rich Economics
Journal of Development Economics, Revise & Resubmit. Joint with Rodrigo Heresi.
What are the welfare benefits of fiscal rules in resource-rich economies?
The Heterogeneous Bank Lending Channel of Monetary Policy
Joint with Jorge Abad, Saki Bigio, Galo Nuño, Joel Marbet. Slides
How bank heterogeneity in leverage and loan-rate fixation affects the transmission of monetary policy through the bank-lending channel?
Policy Papers
Biennial Climate Change Risk Report for the Spanish Financial System
Macroprudential Authority, Finantial Stability Board (AMCESFI) - May 2025
Implications of Higher Inflation and Interest Rates for Macroprudential Policy Stance
ECB Ocassional Paper - October 2024, European Central Bank
Financial Stability Report
Fall 2023, Spring 2024, Fall 2024 - Banco de España
Can Bank Capital Requirements Address Climate Transition risks?
Policy Brief - July 2024, SUERF
How asymmetries of information amplify house price shocks on credit supply?
Policy Brief - Septiembre 2023, SUERF
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