Institution
CEMFI
About: CEMFI is a based out in . It is known for research contribution in the topics: Unemployment & Estimator. The organization has 71 authors who have published 499 publications receiving 46553 citations. The organization is also known as: Center for Monetary and Financial Studies.
Papers published on a yearly basis
Papers
More filters
Posted Content•
TL;DR: In this paper, the authors describe the evolution of the Spanish unemployment rate from 3.5% to 24% of the labor force, and then back to 13% over the last quarter century.
Abstract: Over the last quarter century, the Spanish unemployment rate has gone from 3.5 per cent to 24 per cent of the labor force, and then back to 13 per cent. In this paper we describe this extraordinary evolution more in detail, discuss the main shocks and institutions behind it, and provide a set of policy implications derived from our analysis.
146 citations
TL;DR: In this paper, the authors quantitatively analyzed the socioeconomic drivers of PM2.5 through assessment on Stochastic Impacts by Regression on Population, Affluence and Technology (STRIPAT), based on the panel data of 79 developing countries over 2001-2010.
146 citations
TL;DR: In this article, the authors studied the effect of new agricultural technologies on structural transfor-mation and found that technical change in soy production was strongly labor saving and lead to industrial growth.
Abstract: We study the eects of the adoption of new agricultural technologies on structural transfor- mation. To guide empirical work, we present a simple model where the eect of agricultural productivity on industrial development depends on the factor bias of technical change. We test the predictions of the model by studying the introduction of genetically engineered soybean seeds in Brazil, which had heterogeneous eects on agricultural productivity across areas with dierent soil and weather characteristics. We …nd that technical change in soy production was strongly labor saving and lead to industrial growth, as predicted by the model.
143 citations
TL;DR: In this article, the authors show that current concentration does not reduce speculative lending, and may in fact increase it, and that a temporary increase in market concentration after a bank failure, by promoting a takeover of failed banks by a solvent institution, is very effective.
143 citations
Posted Content•
TL;DR: In this article, the authors present a model of a bank subject to liquidity shocks that require borrowing from a lender of last resort, and show that the optimal institutional design involves the two agencies: the central bank being responsible for dealing with small liquidity shocks, and the deposit insurance corporation for large shocks.
Abstract: This paper presents a model of a bank subject to liquidity shocks that require borrowing from a lender of last resort. Two government agencies with different objectives may perform this function: a central bank and a deposit insurance corporation. Both agencies supervise the bank, i.e. collect nonverifiable information about its financial condition, and use this information to decide whether to support it. It is shown that the optimal institutional design involves the two agencies: the central bank being responsible for dealing with small liquidity shocks, and the deposit insurance corporation for large shocks. Furthermore, except for very small shocks, they should lend at penalty rates.
141 citations
Authors
Showing all 71 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Juan J. Dolado | 53 | 240 | 19084 |
| Luis Servén | 52 | 182 | 10163 |
| Diego Puga | 47 | 101 | 17073 |
| Javier Suarez | 37 | 115 | 5501 |
| Manuel Arellano | 36 | 85 | 45041 |
| Samuel Bentolila | 32 | 85 | 7037 |
| David Dorn | 31 | 60 | 9395 |
| Enrique Moral-Benito | 30 | 113 | 2701 |
| Rafael Repullo | 30 | 90 | 6363 |
| Marco Becht | 29 | 72 | 4851 |
| Nezih Guner | 29 | 112 | 3416 |
| Enrique Sentana | 26 | 53 | 4156 |
| Claudio Michelacci | 24 | 68 | 2752 |
| Jorge Padilla | 24 | 90 | 2294 |
| Gabriele Fiorentini | 22 | 73 | 1506 |