Policy papers (not peer-reviewed)
Quo vadis r*? The natural rate of interest after the pandemic (with Gianluca Benigno, Boris Hofmann, and Damiano Sandri) [link] BIS Quarterly review, 2024
La política monetaria del Banco Central Europeo frente a la crisis pandémica (with Pablo Aguilar, Ana Arencibia, Jim Costain, Samuel Hurtado, Jaime Martínez and Carlos Thomas) [link] Papeles de Economía Española, 2022
The ECB’s price stability framework: past experience, and current and future challenges [download] ECB Occasional Papers, 2021.
Monetary-fiscal policy interactions in the euro area [download] ECB Occasional Papers, 2021.
The ECB Monetary Policy Response to the Covid-19 Crisis (with Pablo Aguilar, Óscar Arce, Samuel Hurtado, Jaime Martínez and Carlos Thomas) [download] [Spanish] Bank of Spain Occasional Papers, 2020. It was published (in Spanish) in Papeles de Economía Española [link].
The Eurosystem’s Monetary Policy Following the End of Net Asset Purchases (with Óscar Arce and Carlos Thomas) [download] Bank of Spain Analytical Articles, 2019
Monetary policy implications of central bank-issued digital currency [download] Bank of Spain Analytical Articles, 2018
The natural interest rate: concept, determinants and implications for monetary policy (with Carlos Thomas and Alessandro Galesi) [download] [Spanish] Bank of Spain Analytical Articles, 2017
Evaluación y perspectiva de los precios del petróleo (in Spanish) [download] Revista de Economía Aragonesa, 2016.
El mercado del petróleo: cambios en la oferta y determinantes de la caída de los precios en 2014 (in Spanish) [download] Boletín Económico, Banco de España, 2015
Long-run growth and demographic prospects in advanced economies, (with C. Pulido and R. Segura) [download] [Spanish] Bank of Spain Occasional Paper 1206, July 2012.
The Process of Economic Adjustment after Financial Crises: a Historical Perspective, [download] [Spanish] Bank of Spain Economic Bulletin, October 2011.
Energy Markets and the Euro Area Macroeconomy, [download] ECB Occasional Papers, 2010.
Un modelo para analizar las causas y consecuencias de las variaciones en el precio del petróleo (with Anton Nakov, in Spanish), [download] Boletín Económico Banco de España, 2010 (with A. Nakov)
After Bretton Woods II, (with Escrivá, Garcia-Herrero and Vial) [download] BBVA Working Papers, 2008
La política monetaria del Banco Central Europeo frente a la crisis pandémica (with Pablo Aguilar, Ana Arencibia, Jim Costain, Samuel Hurtado, Jaime Martínez and Carlos Thomas) [link] Papeles de Economía Española, 2022
The ECB’s price stability framework: past experience, and current and future challenges [download] ECB Occasional Papers, 2021.
Monetary-fiscal policy interactions in the euro area [download] ECB Occasional Papers, 2021.
The ECB Monetary Policy Response to the Covid-19 Crisis (with Pablo Aguilar, Óscar Arce, Samuel Hurtado, Jaime Martínez and Carlos Thomas) [download] [Spanish] Bank of Spain Occasional Papers, 2020. It was published (in Spanish) in Papeles de Economía Española [link].
The Eurosystem’s Monetary Policy Following the End of Net Asset Purchases (with Óscar Arce and Carlos Thomas) [download] Bank of Spain Analytical Articles, 2019
Monetary policy implications of central bank-issued digital currency [download] Bank of Spain Analytical Articles, 2018
The natural interest rate: concept, determinants and implications for monetary policy (with Carlos Thomas and Alessandro Galesi) [download] [Spanish] Bank of Spain Analytical Articles, 2017
Evaluación y perspectiva de los precios del petróleo (in Spanish) [download] Revista de Economía Aragonesa, 2016.
El mercado del petróleo: cambios en la oferta y determinantes de la caída de los precios en 2014 (in Spanish) [download] Boletín Económico, Banco de España, 2015
Long-run growth and demographic prospects in advanced economies, (with C. Pulido and R. Segura) [download] [Spanish] Bank of Spain Occasional Paper 1206, July 2012.
The Process of Economic Adjustment after Financial Crises: a Historical Perspective, [download] [Spanish] Bank of Spain Economic Bulletin, October 2011.
Energy Markets and the Euro Area Macroeconomy, [download] ECB Occasional Papers, 2010.
Un modelo para analizar las causas y consecuencias de las variaciones en el precio del petróleo (with Anton Nakov, in Spanish), [download] Boletín Económico Banco de España, 2010 (with A. Nakov)
After Bretton Woods II, (with Escrivá, Garcia-Herrero and Vial) [download] BBVA Working Papers, 2008
