Angel Gavilan
Bank of Spain
13 Papers
123 Citations
Angel Gavilan is an academic researcher from Bank of Spain. The author has contributed to research in topics: Interest rate & Relative price. The author has an hindex of 7, co-authored 13 publications. Previous affiliations of Angel Gavilan include BBVA Compass.
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Papers
Current accounts in the euro area: An intertemporal approach
José Manuel Campa,Angel Gavilan +1 more
TL;DR: This paper used an intertemporal model of the current account to analyze the fluctuations in current account balances experienced by euro area countries over the last three decades and to disentangle its determinants.
96
Wage inequality, segregation by skill and the price of capital in an assignment model
TL;DR: This paper presented a frictionless assignment model in which these two features can be explained simultaneously as the result of the decline in the relative price of capital, and additional implications of the model regarding the skill premium and the dispersion in labor productivity across plants.
65
Risk Management for Sustainable Sovereign Debt Financing
Stavros A. Zenios,Stavros A. Zenios,Stavros A. Zenios,Andrea Consiglio,Marialena Athanasopoulou,Edmund Moshammer,Angel Gavilan,Aitor Erce +7 more
TL;DR: It is shown that a risk management view alters a government’s debt-financing policy to manage tail risk better and portfolio optimization using stochastic programming on scenario trees provides a versatile and effective tool to achieve sustainable debt dynamics.
20
Macroeconomic adjustment under loose financing conditions in the construction sector
TL;DR: In this article, the authors provide a model with sector-specific debt-collateral constraints to analyze how asymmetric financing conditions across sectors affect the aggregate investment, credit and output composition.
17
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Wage inequality, segregation by skill and the price of capital in an assignment model
TL;DR: This article presented a frictionless assignment model in which these two features can be explained simultaneously as the result of the decline in the relative price of capital, and additional implications of the model regarding the skill premium and the dispersion in labor productivity across plants.
16