Working Papers
The Transmission of Foreign Shocks in a Networked Economy with Pablo Aguilar, Rubén Domínguez-Díaz and Javier Quintana.
Fiscal Announcements and Households' Beliefs: Evidence from the Euro Area with Esteban García-Miralles, Iván Kataryniuk and Susana Párraga Rodríguez.
[WP ECB]
Inflation Persistence, Noisy Information and the Phillips Curve. Finalist at the ECB Young Economist Prize 2022.
[Online Appendix] [Supplementary Material]
[WP Banco de España]
Media Coverage: press (ABC, COPE, ECB, New York Times), radio (COPE), video (ECB).
Fiscal Announcements and Households' Beliefs: Evidence from the Euro Area with Esteban García-Miralles, Iván Kataryniuk and Susana Párraga Rodríguez.
[WP ECB]
Inflation Persistence, Noisy Information and the Phillips Curve. Finalist at the ECB Young Economist Prize 2022.
[Online Appendix] [Supplementary Material]
[WP Banco de España]
Media Coverage: press (ABC, COPE, ECB, New York Times), radio (COPE), video (ECB).
Publications
HANK beyond FIRE: Amplification, Forward Guidance, and Belief Shocks. 2026. International Economic Review, 67: 225-258 forthcoming.
[IER link] [Replication Package] [WP Banco de España]
A Behavioral Hybrid New Keynesian Model: Quantifying the Importance of Belief Formation with Atahan Afsar, Richard Jaimes and Edgar Silgado-Gómez. 2024. Economic Modelling, Volume 132, 106626.
[EM link] [Online Appendix] [Replication Package] [WP Javeriana]
Monetary Policy and Liquidity Constraints: Evidence from the Euro Area with Mattias Almgren, John Kramer and Ricardo Lima. 2022. American Economic Journal: Macroeconomics, 14 (4): 309-40.
[AEJ: Macro link] [Online Appendix] [Replication Package]
Media Coverage: Nada es Gratis (in spanish).
[IER link] [Replication Package] [WP Banco de España]
A Behavioral Hybrid New Keynesian Model: Quantifying the Importance of Belief Formation with Atahan Afsar, Richard Jaimes and Edgar Silgado-Gómez. 2024. Economic Modelling, Volume 132, 106626.
[EM link] [Online Appendix] [Replication Package] [WP Javeriana]
Monetary Policy and Liquidity Constraints: Evidence from the Euro Area with Mattias Almgren, John Kramer and Ricardo Lima. 2022. American Economic Journal: Macroeconomics, 14 (4): 309-40.
[AEJ: Macro link] [Online Appendix] [Replication Package]
Media Coverage: Nada es Gratis (in spanish).
Policy Notes
A Strategic View on the Economic and Inflation Environment in the Euro Area. ECB Occasional Paper Series No. 371. June 2025.
Report on monetary policy tools, strategy and communication. ECB Occasional Paper Series No. 372. June 2025.
The Asymmetric Response of Producer Prices to Rising Oil and Gas Prices. BdE Economic Bulletin. December 2022. Media Coverage: Forbes, Europa Press, El Español.
A Strategic View on the Economic and Inflation Environment in the Euro Area. ECB Occasional Paper Series No. 371. June 2025.
Report on monetary policy tools, strategy and communication. ECB Occasional Paper Series No. 372. June 2025.
The Asymmetric Response of Producer Prices to Rising Oil and Gas Prices. BdE Economic Bulletin. December 2022. Media Coverage: Forbes, Europa Press, El Español.