Research literature

Research literature 25 records found  beginprevious12 - 21next  jump to record: Search took 0.00 seconds. 
12.
45 p, 340.5 KB Misallocation of capital in a model of endogenous financial intermediation and insurance / Bohacek, Radim ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
In this paper we analyze productivity and welfare losses from capital misallocation in a general equilibrium model of occupational choice and endogenous financial intermediation. We study the effects of borrowing and lending, insurance, and risk sharing on the optimal allocation of resources. [...]
2011 (Working papers ; 867.11)  
13.
29 p, 295.3 KB Asymmetric standing facilities : an unexploited monetary policy tool / Pérez Quirós, Gabriel ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
This paper analyzes the role of standing facilities in the determination of the demand for reserves in the overnight money market. In particular, we study how the asymmetric nature of the deposit and lending facilities could be used as a powerful policy tool for the simultaneous control of prices and quantities in the market for daily funds.
2010 (Working papers ; 795.09)  
14.
37 p, 261.7 KB Are the high-growth recovery periods over? / Rodríguez Mendizábal, Hugo ; Camacho, Máximo ; Pérez Quirós, Gabriel ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
We present evidence about the loss of the so-called "plucking effect", that is, a high-growth phase of the cycle typically observed at the end of recessions. This result matches the popular belief, presented informally by different authors, that the current recession will have permanent effects, or that the current recession will have an L shape versus the old-time recessions that have always had a V shape. [...]
2009 (Working papers ; 772.09)  
15.
38 p, 570.9 KB On the choice of an exchange rate regime : target zones revisited / Rodríguez López, Jesús ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
From the classical gold standard up to the current ERM2 arrangement of the European Union, target zones have been a widely used exchange regime in contemporary history. This paper presents a benchmark model that rationalizes the choice of target zones over the rest of regimes: the fixed rate, the free float and the managed float. [...]
2006 (Working papers ; 518.02)  
16.
36 p, 301.5 KB The daily market for funds in Europe : what has changed with the EMU? / Pérez Quirós, Gabriel ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
This paper presents evidence that the existence of deposit and lending facilities combined with an averaging provision for the reserve requirement are powerful tools to stabilize the overnight rate. We reach this conclusion by comparing the behavior of this rate in Germany before and after the start of the EMU. [...]
2006 (Working papers ; 559.03) - 10.1353/mcb.2006.0023  
17.
34 p, 554.8 KB How tight should one's hands be tied? Fear of floating and credibility of exchange rate regimes / Rodríguez López, Jesús ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
This paper analyzes the linkages between the credibility of a target zone regime, the volatility of the exchange rate, and the width of the band where the exchange rate is allowed to fluctuate. These three concepts should be related since the band width induces a trade-off between credibility and volatility. [...]
2006 (Working papers ; 593.03)  
18.
39 p, 329.5 KB Credit markets and the propagation of monetary policy shocks / Bohacek, Radim ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
This paper analyzes the propagation of monetary policy shocks through the creation of credit in an economy. Models of the monetary transmission mechanism typically feature responses which last for a few quarters contrary to what the empirical evidence suggests. [...]
2006 (Working papers ; 599.04)  
19.
32 p, 218.3 KB The behavior of money velocity in low and high inflation countries / Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
This paper presents a general equilibrium model of money demand where the velocity of money changes in response to endogenous fluctuations in the interest rate. The parameter space can be divided into two subsets: one where velocity is constant as in standard cash-in-advance models, and another one where velocity fluctuates as in Baumol (1952). [...]
2006 (Working papers ; 600.04)  
20.
33 p, 317.1 KB Interest rate determination in the interbank market / Gaspar, Vitor ; Pérez Quirós, Gabriel ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
The purpose of this paper is to study the determinants of equilibrium in the market for daily funds. We use the EONIA panel database which includes daily information on the lending rates applied by contributing commercial banks. [...]
2006 (Working papers ; 603.04)  
21.
33 p, 411.2 KB On the identification of monetary (and other) shocks / Menner, Martin ; Rodríguez Mendizábal, Hugo ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
The purpose of this paper is twofold. First, we construct a DSGE model which spells out explicitly the instrumentation of monetary policy. The interest rate is determined every period depending on the supply and demand for reserves which in turn are affected by fundamental shocks: unforeseeable changes in cash withdrawal, autonomous factors, technology and government spending. [...]
2006 (Working papers ; 650.05)  

Research literature : 25 records found   beginprevious12 - 21next  jump to record:
See also: similar author names
1 Rodriguez, H.A.
2 Rodriguez, Henry
1 Rodríguez, Hugo,
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