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Adrian Carro

Personal Details

First Name:Adrian
Middle Name:
Last Name:Carro
Suffix:
RePEc Short-ID:pca1778
[This author has chosen not to make the email address public]
https://www.bde.es/wbe/es/areas-actuacion/analisis-e-investigacion/investigadores/investigadores-orden-alfabetico/adrian_carro.html

Affiliation

Banco de España

Madrid, Spain
http://www.bde.es/
RePEc:edi:bdegves (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Borsos, András & Carro, Adrian & Glielmo, Aldo & Hinterschweiger, Marc & Kaszowska-Mojsa, Jagoda & Uluc, Arzu, 2025. "Agent-based modeling at central banks: recent developments and new challenges," INET Oxford Working Papers 2025-05, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
  2. Adrián Carro & Jorge E. Galán & Enric Martorell & Raquel Vegas, 2025. "A literature review on ex-ante and ex-post analysis of the implications of borrower-based macroprudential measures," Occasional Papers 2524, Banco de España.
  3. Marco Bardoscia & Adrian Carro & Marc Hinterschweiger & Mauro Napoletano & Lilit Popoyan & Andrea Roventini & Arzu Uluc, 2024. "The impact of prudential regulations on the UK housing market and economy: insights from an agent-based model," Working Papers 2502, Banco de España.
  4. Carro, Adrian, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," INET Oxford Working Papers 2022-25, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
  5. Adrián Carro & Patricia Stupariu, 2022. "Uncertainty, non-linear contagion and the credit quality channel: an application to the Spanish interbank market," Working Papers 2212, Banco de España.
  6. Adrian Carro, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," Working Papers 2230, Banco de España.
  7. Farmer, J. Doyne & Carro, Adrian & Hinterschweiger, Marc & Uluc, Arzu, 2022. "Heterogeneous Effects and Spillovers of Macroprudential Policy in an Agent-Based Model of the UK Housing Market," INET Oxford Working Papers 2022-06, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
  8. Kirill S. Glavatskiy & Mikhail Prokopenko & Adrian Carro & Paul Ormerod & Michael Harre, 2020. "Explaining herding and volatility in the cyclical price dynamics of urban housing markets using a large scale agent-based model," Papers 2004.07571, arXiv.org.

Articles

  1. Bardoscia, Marco & Carro, Adrian & Hinterschweiger, Marc & Napoletano, Mauro & Popoyan, Lilit & Roventini, Andrea & Uluc, Arzu, 2025. "The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
  2. Carro, Adrian & Stupariu, Patricia, 2024. "Uncertainty, non-linear contagion and the credit quality channel: An application to the Spanish interbank market," Journal of Financial Stability, Elsevier, vol. 71(C).
  3. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
  4. Adrian Carro & Marc Hinterschweiger & Arzu Uluc & J Doyne Farmer, 2023. "Heterogeneous effects and spillovers of macroprudential policy in an agent-based model of the UK housing market," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 386-432.
  5. Kirill S. Glavatskiy & Mikhail Prokopenko & Adrian Carro & Paul Ormerod & Michael Harré, 2021. "Explaining herding and volatility in the cyclical price dynamics of urban housing markets using a large-scale agent-based model," SN Business & Economics, Springer, vol. 1(6), pages 1-21, June.
  6. Adrián Carro & Raúl Toral & Maxi San Miguel, 2015. "Markets, Herding and Response to External Information," PLOS ONE, Public Library of Science, vol. 10(7), pages 1-28, July.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Borsos, András & Carro, Adrian & Glielmo, Aldo & Hinterschweiger, Marc & Kaszowska-Mojsa, Jagoda & Uluc, Arzu, 2025. "Agent-based modeling at central banks: recent developments and new challenges," INET Oxford Working Papers 2025-05, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.

    Cited by:

    1. Beinhocker, Eric & Bednar, Jenna, 2025. "Complexity and Paradigm Change in Economics," INET Oxford Working Papers 2025-20, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford, revised Dec 2025.

  2. Marco Bardoscia & Adrian Carro & Marc Hinterschweiger & Mauro Napoletano & Lilit Popoyan & Andrea Roventini & Arzu Uluc, 2024. "The impact of prudential regulations on the UK housing market and economy: insights from an agent-based model," Working Papers 2502, Banco de España.

    Cited by:

    1. Daniele Giachini & Leonardo Ciambezi & Verdiana Del Rosso & Fabrizio Fornari & Valentina Pansanella & Lilit Popoyan & Alina S^irbu, 2025. "Navigating the Lobbying Landscape: Insights from Opinion Dynamics Models," Papers 2507.13767, arXiv.org, revised Jul 2025.

  3. Carro, Adrian, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," INET Oxford Working Papers 2022-25, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.

    Cited by:

    1. John Muellbauer, 2024. "Housing and Macroprudential Policy," Economics Series Working Papers 1056, University of Oxford, Department of Economics.
    2. Aldo Glielmo & Marco Favorito & Debmallya Chanda & Domenico Delli Gatti, 2023. "Reinforcement Learning for Combining Search Methods in the Calibration of Economic ABMs," Papers 2302.11835, arXiv.org, revised Dec 2023.

  4. Adrián Carro & Patricia Stupariu, 2022. "Uncertainty, non-linear contagion and the credit quality channel: an application to the Spanish interbank market," Working Papers 2212, Banco de España.

    Cited by:

    1. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.

  5. Adrian Carro, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," Working Papers 2230, Banco de España.

    Cited by:

    1. John Muellbauer, 2024. "Housing and Macroprudential Policy," Economics Series Working Papers 1056, University of Oxford, Department of Economics.
    2. Aldo Glielmo & Marco Favorito & Debmallya Chanda & Domenico Delli Gatti, 2023. "Reinforcement Learning for Combining Search Methods in the Calibration of Economic ABMs," Papers 2302.11835, arXiv.org, revised Dec 2023.

  6. Farmer, J. Doyne & Carro, Adrian & Hinterschweiger, Marc & Uluc, Arzu, 2022. "Heterogeneous Effects and Spillovers of Macroprudential Policy in an Agent-Based Model of the UK Housing Market," INET Oxford Working Papers 2022-06, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.

    Cited by:

    1. Bardoscia, Marco & Carro, Adrian & Hinterschweiger, Marc & Napoletano, Mauro & Popoyan, Lilit & Roventini, Andrea & Uluc, Arzu, 2025. "The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    2. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    3. Conor B. Hamill & Raad Khraishi & Simona Gherghel & Jerrard Lawrence & Salvatore Mercuri & Ramin Okhrati & Greig A. Cowan, 2023. "Agent-based Modelling of Credit Card Promotions," Papers 2311.01901, arXiv.org, revised Nov 2023.
    4. Deepeka Garg & Benjamin Patrick Evans & Leo Ardon & Annapoorani Lakshmi Narayanan & Jared Vann & Udari Madhushani & Makada Henry-Nickie & Sumitra Ganesh, 2024. "A Heterogeneous Agent Model of Mortgage Servicing: An Income-based Relief Analysis," Papers 2402.17932, arXiv.org, revised Feb 2024.
    5. Adrian Carro, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," Working Papers 2230, Banco de España.
    6. Leo Ardon & Benjamin Patrick Evans & Deepeka Garg & Annapoorani Lakshmi Narayanan & Makada Henry-Nickie & Sumitra Ganesh, 2024. "Simulate and Optimise: A two-layer mortgage simulator for designing novel mortgage assistance products," Papers 2411.00563, arXiv.org.
    7. Richiardi, Matteo & van de Ven, Justin, 2023. "Back to the future: agent-based modelling and dynamic microsimulation," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA8/23, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    8. Wiese, Samuel & Kaszowska-Mojsa, Jagoda & Dyer, Joel & Moran, José & Pangallo, Marco & Lafond, François & Muellbauer, John & Calinescu, Anisoara & Farmer, J. Doyne, 2024. "Forecasting Macroeconomic Dynamics using a Calibrated Data-Driven Agent-based Model," INET Oxford Working Papers 2024-06, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    9. Tarne, Ruben & Bezemer, Dirk, 2025. "Roof or real estate? An agent-based model of housing affordability in The Netherlands," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 163-178.
    10. Mérő, Bence & Borsos, András & Hosszú, Zsuzsanna & Oláh, Zsolt & Vágó, Nikolett, 2023. "A high-resolution, data-driven agent-based model of the housing market," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).
    11. Raffaella Barone, 2023. "Home sweet home, how money laundering pollutes the real estate market: an agent based model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(4), pages 779-806, October.
    12. Ruben Tarne & Dirk Bezemer, 2023. "ousing affordability in a monetary economy: an agent-based model of the Dutch housing market," IMK Working Paper 222-2023, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

  7. Kirill S. Glavatskiy & Mikhail Prokopenko & Adrian Carro & Paul Ormerod & Michael Harre, 2020. "Explaining herding and volatility in the cyclical price dynamics of urban housing markets using a large scale agent-based model," Papers 2004.07571, arXiv.org.

    Cited by:

    1. Benjamin Patrick Evans & Kirill Glavatskiy & Michael S. Harré & Mikhail Prokopenko, 2023. "The impact of social influence in Australian real estate: market forecasting with a spatial agent-based model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(1), pages 5-57, January.
    2. Benjamin Patrick Evans & Mikhail Prokopenko, 2021. "A maximum entropy model of bounded rational decision-making with prior beliefs and market feedback," Papers 2102.09180, arXiv.org, revised May 2021.

Articles

  1. Bardoscia, Marco & Carro, Adrian & Hinterschweiger, Marc & Napoletano, Mauro & Popoyan, Lilit & Roventini, Andrea & Uluc, Arzu, 2025. "The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    See citations under working paper version above.
  2. Carro, Adrian & Stupariu, Patricia, 2024. "Uncertainty, non-linear contagion and the credit quality channel: An application to the Spanish interbank market," Journal of Financial Stability, Elsevier, vol. 71(C).

    Cited by:

    1. Gianluca Pallante & Mattia Guerini & Mauro Napoletano & Andrea Roventini, 2024. "Robust-less-fragile: Tackling Systemic Risk and Financial Contagion in a Macro Agent-Based Model," GREDEG Working Papers 2024-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    2. Jan Fialkowski & Christian Diem & Andr'as Borsos & Stefan Thurner, 2025. "A data-driven econo-financial stress-testing framework to estimate the effect of supply chain networks on financial systemic risk," Papers 2502.17044, arXiv.org.
    3. Zlata Tabachov'a & Christian Diem & Andr'as Borsos & Csaba Burger & Stefan Thurner, 2023. "Estimating the impact of supply chain network contagion on financial stability," Papers 2305.04865, arXiv.org.

  3. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).

    Cited by:

    1. Bardoscia, Marco & Carro, Adrian & Hinterschweiger, Marc & Napoletano, Mauro & Popoyan, Lilit & Roventini, Andrea & Uluc, Arzu, 2025. "The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    2. Deepeka Garg & Benjamin Patrick Evans & Leo Ardon & Annapoorani Lakshmi Narayanan & Jared Vann & Udari Madhushani & Makada Henry-Nickie & Sumitra Ganesh, 2024. "A Heterogeneous Agent Model of Mortgage Servicing: An Income-based Relief Analysis," Papers 2402.17932, arXiv.org, revised Feb 2024.
    3. John Muellbauer, 2024. "Housing and Macroprudential Policy," Economics Series Working Papers 1056, University of Oxford, Department of Economics.
    4. Leo Ardon & Benjamin Patrick Evans & Deepeka Garg & Annapoorani Lakshmi Narayanan & Makada Henry-Nickie & Sumitra Ganesh, 2024. "Simulate and Optimise: A two-layer mortgage simulator for designing novel mortgage assistance products," Papers 2411.00563, arXiv.org.
    5. András Borsos & Adrian Carro & Aldo Glielmo & Marc Hinterschweiger & Jagoda Kaszowska-Mojsa & Arzu Uluc, 2025. "Agent-based modeling at central banks: recent developments and new challenges," Occasional Papers 2503, Banco de España.
    6. Ruben Tarne & Dirk Bezemer, 2023. "ousing affordability in a monetary economy: an agent-based model of the Dutch housing market," IMK Working Paper 222-2023, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.

  4. Adrian Carro & Marc Hinterschweiger & Arzu Uluc & J Doyne Farmer, 2023. "Heterogeneous effects and spillovers of macroprudential policy in an agent-based model of the UK housing market," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 386-432.
    See citations under working paper version above.
  5. Kirill S. Glavatskiy & Mikhail Prokopenko & Adrian Carro & Paul Ormerod & Michael Harré, 2021. "Explaining herding and volatility in the cyclical price dynamics of urban housing markets using a large-scale agent-based model," SN Business & Economics, Springer, vol. 1(6), pages 1-21, June.

    Cited by:

    1. Bardoscia, Marco & Carro, Adrian & Hinterschweiger, Marc & Napoletano, Mauro & Popoyan, Lilit & Roventini, Andrea & Uluc, Arzu, 2025. "The impact of prudential regulation on the UK housing market and economy: Insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    2. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    3. Adrian Carro & Marc Hinterschweiger & Arzu Uluc & J. Doyne Farmer, 2022. "Heterogeneous effects and spillovers of macroprudential policy in an agent-based model of the UK housing market," Bank of England working papers 976, Bank of England.
    4. Bondita Robidas & Subrata Borgohain Gogoi, 2024. "Economic analysis of transportation of crude oil of Upper Assam Basin through pipeline," SN Business & Economics, Springer, vol. 4(8), pages 1-30, August.
    5. Aaron D. Wood & Charles F. Mason & David Finnoff, 2025. "The development of OPEC: an evolutionary game theory and agent-based modeling approach," SN Business & Economics, Springer, vol. 5(7), pages 1-18, July.
    6. Mérő, Bence & Borsos, András & Hosszú, Zsuzsanna & Oláh, Zsolt & Vágó, Nikolett, 2023. "A high-resolution, data-driven agent-based model of the housing market," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).

  6. Adrián Carro & Raúl Toral & Maxi San Miguel, 2015. "Markets, Herding and Response to External Information," PLOS ONE, Public Library of Science, vol. 10(7), pages 1-28, July.

    Cited by:

    1. Eminente, Clara & Artime, Oriol & De Domenico, Manlio, 2022. "Interplay between exogenous triggers and endogenous behavioral changes in contagion processes on social networks," Chaos, Solitons & Fractals, Elsevier, vol. 165(P1).
    2. Kirill S. Glavatskiy & Mikhail Prokopenko & Adrian Carro & Paul Ormerod & Michael Harré, 2021. "Explaining herding and volatility in the cyclical price dynamics of urban housing markets using a large-scale agent-based model," SN Business & Economics, Springer, vol. 1(6), pages 1-21, June.
    3. Gardini, L. & Radi, D. & Schmitt, N. & Sushko, I. & Westerhoff, F., 2022. "Causes of fragile stock market stability," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 483-498.
    4. Vaibhavi Aher, 2023. "Einführung und Überblick," Springer Books, in: Vaibhavi Aher (ed.), Statistische und mathematische Methoden in der Wirtschaft, chapter 1, pages 1-71, Springer.
    5. Adri'an Carro & Ra'ul Toral & Maxi San Miguel, 2016. "The noisy voter model on complex networks," Papers 1602.06935, arXiv.org, revised Apr 2016.
    6. Dimitri Kroujiline & Maxim Gusev & Dmitry Ushanov & Sergey V. Sharov & Boris Govorkov, 2016. "Forecasting stock market returns over multiple time horizons," Quantitative Finance, Taylor & Francis Journals, vol. 16(11), pages 1695-1712, November.
    7. Peralta, Antonio F. & Khalil, Nagi & Toral, Raúl, 2020. "Ordering dynamics in the voter model with aging," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 552(C).
    8. Kroujiline, Dimitri & Gusev, Maxim & Ushanov, Dmitry & Sharov, Sergey V. & Govorkov, Boris, 2015. "Forecasting stock market returns over multiple time horizons," MPRA Paper 66175, University Library of Munich, Germany.
    9. Sunyoung Lee & Keun Lee, 2021. "3% rules the market: herding behavior of a group of investors, asset market volatility, and return to the group in an agent-based model," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 16(2), pages 359-380, April.
    10. Francisco Prieto-Castrillo & Amin Shokri Gazafroudi & Javier Prieto & Juan Manuel Corchado, 2018. "An Ising Spin-Based Model to Explore Efficient Flexibility in Distributed Power Systems," Complexity, Hindawi, vol. 2018, pages 1-16, May.
    11. Aguilar-Janita, Miguel & Blanco-Alonso, Andres & Khalil, Nagi, 2024. "Polarization-induced stress in the noisy voter model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 647(C).
    12. Vygintas Gontis & Aleksejus Kononovicius, 2017. "Spurious memory in non-equilibrium stochastic models of imitative behavior," Papers 1707.09801, arXiv.org.
    13. Khalil, Nagi & Toral, Raúl, 2019. "The noisy voter model under the influence of contrarians," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 515(C), pages 81-92.
    14. Steven D. Silver & Marko Raseta, 2021. "An ARFIMA multi-level model of dual-component expectations in repeated cross-sectional survey data," Empirical Economics, Springer, vol. 60(2), pages 683-699, February.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 13 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-CMP: Computational Economics (9) 2020-04-20 2022-07-11 2022-08-29 2024-05-13 2024-06-10 2025-02-24 2025-04-21 2025-05-05 2025-05-12. Author is listed
  2. NEP-URE: Urban and Real Estate Economics (8) 2020-04-20 2022-06-20 2022-07-11 2022-08-29 2023-06-12 2024-05-13 2024-06-10 2025-02-24. Author is listed
  3. NEP-HME: Heterodox Microeconomics (7) 2022-08-29 2024-05-13 2024-06-10 2025-02-24 2025-04-21 2025-05-05 2025-05-12. Author is listed
  4. NEP-CBA: Central Banking (5) 2022-06-20 2023-06-12 2024-05-13 2025-04-21 2025-11-24. Author is listed
  5. NEP-MON: Monetary Economics (5) 2024-05-13 2025-04-21 2025-05-05 2025-05-12 2025-11-24. Author is listed
  6. NEP-MAC: Macroeconomics (3) 2022-06-20 2022-07-11 2023-06-12
  7. NEP-BAN: Banking (2) 2024-05-13 2024-06-10
  8. NEP-EEC: European Economics (2) 2022-07-11 2022-08-29
  9. NEP-AFR: Africa (1) 2025-05-05
  10. NEP-FDG: Financial Development and Growth (1) 2024-05-13
  11. NEP-INV: Investment (1) 2025-11-24
  12. NEP-NET: Network Economics (1) 2023-06-19
  13. NEP-RMG: Risk Management (1) 2020-04-20

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