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Dr Carles Ibanez's Qualifications (4)

BSc (Llicenciatura) in Economics
Bachelor's Degree

Status Complete
Part Time No
Years 1993 - 1997

MSc in Econometrics and Mathematical Economics
Master's Degree

Status Complete
Part Time No
Years 1997 - 1999
Awarding Institution London School of Economics & Political Science

Postgraduate Certificate in Higher Education
Postgraduate Certificate

Status Complete
Part Time No
Years 2008 - 2009
Awarding Institution Edinburgh Napier University

PhD Economics
Doctorate

Status Complete
Part Time No
Years 1999 - 2003
Project Title Nominal Rigidities and Asymmetric Fluctuations
Project Description Empirical evidence shows demand shocks tend to have an asymmetric effect on output: it falls by a larger amount with a monetary contraction than it rises with an expansion. We show that this is the case in the Sticky Prices framework when products are good substitutes to each other and labour supply is inelastic. While the solution method commonly adopted by this literature, the log-linearization, delivers a perfectly symmetric response, methods that respect the original structure of the model yield an asymmetric one. We argue that the introduction of nominal rigidities in a framework where agents maximise their welfare is at the origin of this outcome.
Awarding Institution London Business School