Galo Nuno

Banco de España

Alcala 50

Madrid 28014

Spain

SCHOLARLY PAPERS

19

DOWNLOADS
Rank 37,699

SSRN RANKINGS

Top 37,699

in Total Papers Downloads

1,498

SSRN CITATIONS
Rank 4,479

SSRN RANKINGS

Top 4,479

in Total Papers Citations

77

CROSSREF CITATIONS

222

Scholarly Papers (19)

Actions:
Email selected abstracts
1.

Bank Leverage Cycles

Downloads 262 (140,848)
Citation 26

Bank Leverage Cycles

Banco de Espana Working Paper No. 1222
Number of pages: 45 Posted: 15 Jun 2012
Galo Nuno and Carlos Thomas
Banco de España and Banco de España
Downloads 180 (200,565)
Citation 11

Abstract:

Loading...

financial intermediaries, short-term collateralized debt, limited liability, call option, put option, moral hazard, leverage

Bank Leverage Cycles

ECB Working Paper No. 1524
Number of pages: 42 Posted: 09 Apr 2013
Galo Nuno and Carlos Thomas
Banco de España and Banco de España
Downloads 82 (360,602)
Citation 12

Abstract:

Loading...

Financial intermediaries, short-term collateralized debt, limited liability, call option, put option, moral hazard, leverage, cross-sectional volatility

2.

The Natural Interest Rate: Concept, Determinants and Implications for Monetary Policy

Banco de Espana Article 7/17
Number of pages: 10 Posted: 03 Mar 2017
Alessandro Galesi, Galo Nuno and Carlos Thomas
idealista, Banco de España and Banco de España
Downloads 158 (224,198)
Citation 3

Abstract:

Loading...

3.

Monetary Policy Implications of Central Bank-Issued Digital Currency

Banco de Espana Article 15/18
Number of pages: 8 Posted: 14 Sep 2018
Galo Nuno
Banco de España
Downloads 145 (240,527)
Citation 1

Abstract:

Loading...

4.

Optimal Monetary Policy with Heterogeneous Agents (Updated September 2019)

Banco de Espana Working Paper No. 1624
Number of pages: 71 Posted: 20 Oct 2016 Last Revised: 30 Oct 2019
Galo Nuno and Carlos Thomas
Banco de España and Banco de España
Downloads 142 (244,688)
Citation 9

Abstract:

Loading...

optimal monetary policy, incomplete markets, Gâteaux derivative, nominal debt, inflation, redistributive effects, continuous time

5.

Quantitative Effects of the Shale Oil Revolution

Downloads 79 (247,501)
Citation 4

Quantitative Effects of the Shale Oil Revolution

Banco de Espana Working Paper No. 1518
Number of pages: 36 Posted: 25 Jun 2015
Cristiana Manescu and Galo Nuno
European Commission and Banco de España
Downloads 79 (368,857)
Citation 4

Abstract:

Loading...

Saudi Arabia, general equilibrium, shale oil

6.

A General Equilibrium Model of the Oil Market

Banco de Espana Working Paper No. 1125
Number of pages: 36 Posted: 07 Oct 2011
Anton Nakov and Galo Nuno
CEPR and Banco de España
Downloads 102 (311,595)
Citation 47

Abstract:

Loading...

oil price, oil production, dominant firm, Saudi Aramco, oil tax

7.

Learning From Experience in the Stock Market

Downloads 96 (321,964)
Citation 44

Learning From Experience in the Stock Market

ECB Working Paper No. 1396
Number of pages: 41 Posted: 30 Nov 2011
Anton Nakov and Galo Nuno
CEPR and Banco de España
Downloads 44 (494,002)

Abstract:

Loading...

learning from experience, OLG, assett pricing, bubbles, heterogeneous agents

Learning from Experience in the Stock Market

Banco de Espana Working Paper No. 1132
Number of pages: 41 Posted: 05 Dec 2011
Anton Nakov and Galo Nuno
CEPR and Banco de España
Downloads 27 (586,214)
Citation 17

Abstract:

Loading...

learning from experience, OLG, asset pricing, bubbles, heterogeneous agents

Learning from Experience in the Stock Market

FEDS Working Paper No. 2012-41
Number of pages: 36 Posted: 18 Dec 2012
Anton Nakov and Galo Nuno
CEPR and Banco de España
Downloads 25 (600,057)
Citation 22

Abstract:

Loading...

learning from experience, OLG, asset pricing, bubbles, heterogeneous agents

8.

Controlling a Distribution of Heterogeneous Agents

Banco de Espana Working Paper No. 1533
Number of pages: 44 Posted: 22 Nov 2015
Galo Nuno and Benjamin Moll
Banco de España and Princeton University - Department of Economics
Downloads 91 (335,278)
Citation 1

Abstract:

Loading...

Kolmogorov forward equation, wealth distribution, social welfare function, mean field control

9.

The ECB Monetary Policy Response to the Covid-19 Crisis (La respuesta de la política monetaria del Banco Central Europeo frente a la crisis del Covid-19)

Banco de Espana Ocassional Paper No. 2026
Number of pages: 28 Posted: 14 Oct 2020
Pablo Aguilar, Oscar Arce, Samuel Hurtado, Jaime Martinez-Martin, Galo Nuno and Carlos Thomas
Banco de España, Banco de España, Banco de España, Banco de España, Banco de España and Banco de España
Downloads 62 (416,282)
Citation 1

Abstract:

Loading...

European Central Bank, asset purchases, refinancing operations

10.

Optimal Control with Heterogeneous Agents in Continuous Time

ECB Working Paper No. 1608
Number of pages: 21 Posted: 09 Nov 2013
Galo Nuno
Banco de España
Downloads 57 (433,641)

Abstract:

Loading...

Kolmogorov forward equation, calculus of variations, dynamic programming, heterogeneous agents

11.

Financial Frictions and the Wealth Distribution

Downloads 56 (437,184)
Citation 2

Financial Frictions and the Wealth Distribution

PIER Working Paper No. 19-015, September 2019, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 64 Posted: 18 Sep 2019 Last Revised: 11 Sep 2020
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 38 (522,857)

Abstract:

Loading...

heterogeneous agents; aggregate shocks; continuous-time; machine learning; neural networks; structural estimation; likelihood functions

Financial Frictions and the Wealth Distribution

Banco de Espana Working Paper No. 2013
Number of pages: 73 Posted: 02 Jun 2020
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 16 (666,642)
Citation 1

Abstract:

Loading...

heterogeneous agents, wealth distribution, financial frictions, continuoustime, machine learning, neural networks, structural estimation, likelihood function

Financial Frictions and the Wealth Distribution

NBER Working Paper No. w26302
Number of pages: 70 Posted: 23 Sep 2019 Last Revised: 15 May 2021
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 2 (785,995)

Abstract:

Loading...

Financial Frictions and the Wealth Distribution

CEPR Discussion Paper No. DP14002
Number of pages: 72 Posted: 07 Oct 2019
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 0
Citation 1
  • Add to Cart

Abstract:

Loading...

Aggregate shocks, continuous-time, Heterogeneous Agents, Machine Learning, structural estimation

12.

A Large Central Bank Balance Sheet? Floor vs Corridor Systems in a New Keynesian Environment

Banco de Espana Working Paper No. 1851
Number of pages: 75 Posted: 08 Jan 2019
Oscar Arce, Galo Nuno, Dominik Thaler and Carlos Thomas
Banco de España, Banco de España, Banco de España and Banco de España
Downloads 50 (459,764)
Citation 31

Abstract:

Loading...

central bank balance sheet, interbank market, search and matching frictions, reserves, zero lower bound

13.

The Eurosystem’s Monetary Policy Following the End of Net Asset Purchases

Banco de Espana Article 4/19
Number of pages: 11 Posted: 26 Feb 2019
Oscar Arce, Galo Nuno and Carlos Thomas
Banco de España, Banco de España and Banco de España
Downloads 35 (526,176)
Citation 2

Abstract:

Loading...

central bank balance sheet, unconventional monetary policy, reinvestments

14.

Long-Run Growth and Demographic Prospects in Advanced Economies

Banco de Espana Occasional Paper No. 1206
Number of pages: 27 Posted: 06 Jul 2012
Galo Nuno, Cristina Pulido and Ruben Segura-Cayuela
Banco de España, affiliation not provided to SSRN and Banco de España
Downloads 32 (541,750)

Abstract:

Loading...

Advanced economies, demography, convergence, endogenous growth

15.

Money Dynamics with Multiple Banks of Issue: Evidence from Spain 1856-1874

Banco de Espana Working Paper No. 1119
Number of pages: 40 Posted: 01 Sep 2011
Galo Nuno, Pedro Tedde de Lorca and Alessio Moro
Banco de España, Banco de España - Department of International Economics & International Relations and University of Cagliari
Downloads 30 (552,493)

Abstract:

Loading...

unregulated banking, Gresham’s law, lender of last resort, Overend and Gurney crisis

16.

A Framework for Debt-Maturity Management

Downloads 29 (558,162)

A Framework for Debt-Maturity Management

Banco de Espana Working Paper No. 1919 (2019)
Number of pages: 93 Posted: 28 Jun 2019 Last Revised: 17 Jul 2019
Saki Bigio, Galo Nuno and Juan Passadore
University of California, Los Angeles (UCLA) - Department of Economics, Banco de España and Einaudi Institute for Economics and Finance (EIEF)
Downloads 23 (614,253)

Abstract:

Loading...

debt maturity, debt management, liquidity costs

Debt-Maturity Management with Liquidity Costs

NBER Working Paper No. w25808
Number of pages: 47 Posted: 07 May 2019 Last Revised: 17 May 2021
Saki Bigio, Galo Nuno and Juan Passadore
University of California, Los Angeles (UCLA) - Department of Economics, Banco de España and Einaudi Institute for Economics and Finance (EIEF)
Downloads 6 (748,137)

Abstract:

Loading...

17.

Optimal Monetary Policy with Heterogeneous Agents

CESifo Working Paper No. 8670
Number of pages: 70 Posted: 10 Nov 2020
Galo Nuno and Carlos Thomas
Banco de España and Banco de España
Downloads 25 (582,687)

Abstract:

Loading...

18.

A Twin Crisis With Multiple Banks of Issue: Spain in the 1860s

ECB Working Paper No. 1561
Number of pages: 40 Posted: 12 Aug 2013
Alessio Moro, Galo Nuno and Pedro Tedde de Lorca
University of Cagliari, Banco de España and Banco de España - Department of International Economics & International Relations
Downloads 24 (589,072)

Abstract:

Loading...

sudden stop, lender of last resort, financial crisis, Overend, Gurney and Co.

19.

Does TFP Drive Housing Prices? A Growth Accounting Exercise for Four Countries

Banco de Espana Working Paper No. 1133
Number of pages: 15 Posted: 05 Dec 2011
Alessio Moro and Galo Nuno
University of Cagliari and Banco de España
Downloads 23 (595,611)
Citation 14

Abstract:

Loading...

housing prices, TFP, growth accounting, Cobb-Douglas