Institution
Barcelona Graduate School of Economics
Education•Barcelona, Spain•
About: Barcelona Graduate School of Economics is a education organization based out in Barcelona, Spain. It is known for research contribution in the topics: Wage & Population. The organization has 225 authors who have published 952 publications receiving 26214 citations.
Topics: Wage, Population, Monetary policy, Competition (economics), Productivity
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the impact of monetary policy on the supply of bank credit is analyzed and the authors find that tighter monetary and worse economic conditions substantially reduce loan granting, especially from banks with lower capital or liquidity ratios.
Abstract: We analyze the impact of monetary policy on the supply of bank credit. Monetary policy affects both loan supply and demand, thus making identification a steep challenge. We therefore analyze a novel, supervisory dataset with loan applications from Spain. Accounting for time-varying firm heterogeneity in loan demand, we find that tighter monetary and worse economic conditions substantially reduce loan granting, especially from banks with lower capital or liquidity ratios; responding to applications for the same loan, weak banks are less likely to grant the loan. Finally, firms cannot offset the resultant credit restriction by applying to other banks. (JEL E32, E44, E52, G21, G32)
919 citations
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TL;DR: Barber et al. as mentioned in this paper found that female and male directors differ systematically in their core values and risk attitudes, but in ways that differ from gender differences in the general population.
Abstract: A large literature documents that women are different from men in their choices and preferences, but little is known about gender differences in the boardroom. If women must be like men to break the glass ceiling, we might expect gender differences to disappear among directors. Using a large survey of directors, we show that female and male directors differ systematically in their core values and risk attitudes, but in ways that differ from gender differences in the general population. These results are robust to controlling for differences in observable characteristics. Consistent with findings for the population, female directors are more benevolent and universally concerned but less power oriented than male directors. However, in contrast to findings for the population, they are less tradition and security oriented than their male counterparts. They are also more risk loving than male directors. Thus, having a woman on the board need not lead to more risk-averse decision making.
This paper was accepted by Brad Barber, Teck Ho, and Terrance Odean, special issue editors.
762 citations
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TL;DR: This article developed a model in which relationship banks gather information on their borrowers, allowing them to provide loans to profitable firms during a crisis, and test the theoretical predictions of the model using credit register information for Italian banks before and after the Lehman Brothers bankruptcy.
Abstract: We study how relationship lending and transaction lending vary over the business cycle. We develop a model in which relationship banks gather information on their borrowers, allowing them to provide loans to profitable firms during a crisis. Because of the services they provide, operating costs of relationship banks are higher than those of transaction banks. Relationship banks charge a higher intermediation spread in normal times, but offer continuation lending at more favourable terms than transaction banks to profitable firms in a crisis. Using credit register information for Italian banks before and after the Lehman Brothers’ default, we test the theoretical predictions of the model.Received July 29, 2014; accepted February 20, 2016 by Editor Philip Strahan.
499 citations
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TL;DR: In this paper, the authors study how ex-government professionals benefit from the personal connections acquired during public service and find that the effect of such connections is immediate, discontinuous around the exit period, and longlasting.
Abstract: We study how ex-government ocials benet from the personal connections acquired during public service. Lobbyists with experience in the oce of a US Senator suer a 24% drop in generated revenue when that Senator leaves oce. The eect is immediate, discontinuous around the exit period, and long-lasting. Consistent with the notion that lobbyists sell access to powerful politicians, the drop in revenue is increasing in the committee assignments power held by the exiting politician.
450 citations
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TL;DR: This paper examined the impact of ethnic divisions on conict and showed that ethnic polarization, ethnic fractionalization, and a Greenberg-Gini index are signicant correlates of conict.
Abstract: This paper examines the impact of ethnic divisions on conict. The empirical specication is informed by a theoretical model of conict (Esteban and Ray, 2011) in which equilibrium conict is related to just three distributional indices of diversity: ethnic polarization, ethnic fractionalization, and a Greenberg-Gini index constructed across ethnic groups. Our empirical ndings verify that these distributional measures are signicant correlates of conict. The underlying theory permits us to use these results to make inferences about the relative importance of public goods in conict, as well as the extent of within-group cohesion in conictual activity. These eects are further strengthened as we introduce country-specic measures of group cohesion and the relative importance of public goods, and combine them with the distributional measures exactly as specied by the theory.
438 citations
Authors
Showing all 239 results
Name | H-index | Papers | Citations |
---|---|---|---|
Jordi Galí | 79 | 222 | 49111 |
Steven Ongena | 59 | 401 | 14490 |
Robin M. Hogarth | 58 | 174 | 20945 |
Gábor Lugosi | 58 | 290 | 20480 |
Debraj Ray | 55 | 210 | 13663 |
Andreu Mas-Colell | 53 | 138 | 10864 |
Nicola Gennaioli | 47 | 121 | 8985 |
José-Luis Peydró | 45 | 164 | 7994 |
Germà Bel | 44 | 202 | 7164 |
Michael Greenacre | 41 | 160 | 14016 |
Xavier Freixas | 41 | 122 | 10806 |
Barbara Rossi | 38 | 118 | 5189 |
Albert Satorra | 37 | 121 | 14645 |
Jordi Brandts | 36 | 162 | 6047 |
Salvador Barberà | 36 | 138 | 4954 |