All Outputs (2)

Inspecting Cross-Border Macro-Financial Mechanisms (2024)
Journal Article
Gerba, E., Leiva-Leon, D., & Rubio, M. (2024). Inspecting Cross-Border Macro-Financial Mechanisms. Journal of International Money and Finance, 145, Article 103094. https://doi.org/10.1016/j.jimonfin.2024.103094

We model structural time-varying macro-financial linkages between the U.S. and euro area using a large dataset for each region. We extract both real and financial cycles and identify shocks, using a factor model with drifting parameters. To interpret... Read More about Inspecting Cross-Border Macro-Financial Mechanisms.

Macroprudential policies and Brexit: A welfare analysis (2024)
Journal Article
Rubio, M. (2024). Macroprudential policies and Brexit: A welfare analysis. Economic Inquiry, 62(3), 1246-1267. https://doi.org/10.1111/ecin.13214

Brexit will have implications on financial stability and the implementation of macroprudential policies. The United Kingdom (UK) will no longer be subject to the jurisdiction of the European Systemic Risk Board. This paper studies the welfare implica... Read More about Macroprudential policies and Brexit: A welfare analysis.