Updates

journal

The paper “The Paradox of Global Thrift” by Luca Fornaro (CREI, UPF and BSE) and Federica Romei has been published in the American Economic Review.

This paper describes a paradox of global thrift. Prudential policies are effective in individual countries, but it can backfire if they are applied on a global scale because they depress output in countries at the zero lower bound. Due to this effect, noncooperative financial and fiscal policies might lead to a fall in global output and welfare.

Other recent updates

Andre Groeger and Hannes Mueller win 2023 Spanish Society of Statistics and Operations Research – BBVA Foundation Award

A paper co-authored by BSE Affiliated Professors, Andre Groeger (UAB, MOVE and BSE) and Hannes Mueller (IAE-CISC and...

Screenshot from Real-Time Economics portal

Real-Time Economics portal wins National Public-Private R&D Partnership Prize

A research team led by José García-Montalvo (UPF and BSE) that also includes Ruben Durante (UPF and BSE) and ...

CaixaBank Research
portrait of Mridula Duggal

IDEA PhD candidate Mridula Duggal is a finalist for the 2023 ECB Young Economist Prize

The European Central Bank has announced the finalists for the 2023 ECB Young Economist Prize, and among them is ...

European Central Bank
podcast cover art

University of Chicago podcast: "Does Bad Government Breed Populism?"

Professor Giacomo Ponzetto (CREI, UPF and BSE) spoke about his research on this subject with the University of Chicago Harris...

University of Chicago