Albert Banal-Estañol, Jo Seldeslachts, and Xavier Vives investigate these common-ownership incentives to disentangle the role of passive and active investors in shaping them, and their ultimate impact on market power.
Esther Hauk and Javier Ortega study how political correctness in the expression of views can arise within a group and relate this phenomenon to the prestige elites might have.
ERC Starting Grant project by Isaac Baley (UPF and BSE)
With year-on-year inflation rates reaching 10% in 2022, central banks in Europe and the United States started raising monetary policy rates to ensure price stability. The failure of Silicon Valley Bank (SVB) on March 10, 2023, however, laid bare the financial stability risks from hiking interest rates after a prolonged period of rate cuts. For…