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Browsing Economics and Business Working Papers Series by Title

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  • Devillanova, Carlo; Garcia Fontes, Walter (1998)
    This paper uses Social Security records to study internal migration in Spain. This is the first paper that uses this data source, which has some advantages with respect to existing data sources: it includes only ...
  • Kulkarni, Sanjeev R.; Lugosi, Gábor (1997)
    We obtain minimax lower bounds on the regret for the classical two--armed bandit problem. We provide a finite--sample minimax version of the well--known log $n$ asymptotic lower bound of Lai and Robbins. Also, in contrast ...
  • Renou, Ludovic; Schlag, Karl (2008)
    This paper introduces a new solution concept, a minimax regret equilibrium, which allows for the possibility that players are uncertain about the rationality and conjectures of their opponents. We provide several applications ...
  • Mayoral, Laura (2006)
    A new parametric minimum distance time-domain estimator for ARFIMA processes is introduced in this paper. The proposed estimator minimizes the sum of squared correlations of residuals obtained after filtering a series ...
  • Cordella, Tito; Foucault, Thierry (1996)
    We analyze the impact of a minimum price variation (tick) and time priority on the dynamics of quotes and the trading costs when competition for the order flow is dynamic. We find that convergence to competitive outcomes ...
  • González Luna, Libertad (2014)
    I document extremely son-biased sex ratios at birth among Asian-born parents in Spain. Using data on the universe of registered births in Spain during 2007- 2012, I show that there are 117 boys per 100 girls born to Indian ...
  • Aragonés, Enriqueta; Palfrey, Thomas R. (2000)
    This paper examines competition in the standard one- dimensional Downsian model of two-candidate elections, but where one candidate (A) enjoys an advantage over the other candidate (D). Voters' preferences are Euclidean, ...
  • Hurkens, Sjaak; Jeon, Doh-Shin (2009)
    In this paper, we study how access pricing affects network competition when subscription demand is elastic and each network uses non-linear prices and can apply termination-based price discrimination. In the case of a fixed ...
  • Giacomini, Raffaella; Rossi, Barbara (2014)
    The goal of this paper is to develop formal tests to evaluate the relative in-sample per- formance of two competing, misspecified, non-nested models in the presence of possible data instability. Compared to previous ...
  • Abellán, José M.; Pinto, José L. (1997)
    En el presente trabajo, los a\~nos de vida ajustados por la calidad (AVAC), son caracterizados como funciones de utilidad von Newman--Morgenstern. Esta caracterizaci\'on se efect\'ua para dos problemas de elecci\'on: ...
  • Ayllón Gatnau, Sara (2009)
    Youth is one of the phases in the life-cycle when some of the most decisive life transitions take place. Entering the labour market or leaving parental home are events with important consequences for the economic well-being of ...
  • Sáez, Marc; Pérez Rodríguez, Jorge V. (1994)
  • Cuxart, Anna (1999)
    The educational system in Spain is undergoing a reorganization. At present, high-school graduates who want to enroll at a public university must take a set of examinations Pruebas de Aptitud para el Acceso a la Universidad ...
  • Bartlett, Peter L.; Boucheron, Stéphane; Lugosi, Gábor (2000)
    We study model selection strategies based on penalized empirical loss minimization. We point out a tight relationship between error estimation and data-based complexity penalization: any good error estimate may be ...
  • Rubio Varas, M. del Mar; Yáñez, César; Folchi, Mauricio; Carreras, Albert (2007)
    In the absence of comparable macroeconomic indicators for most of the Latin American economies before the 1930s, the apparent consumption of energy is used in this paper as a proxy of the degree of modernisation of Latin ...
  • Galí, Jordi (2004)
    The present paper describes recent research on two central themes of Keynes’ General Theory: (i) the social waste associated with recessions, and (ii) the effectiveness of fiscal policy as a stabilization tool. The paper ...
  • Galí, Jordi; Monacelli, Tommaso (2004)
    We lay out a small open economy version of the Calvo sticky price model, and show how the equilibrium dynamics can be reduced to simple representation in domestic inflation and the output gap. We use the resulting framework ...
  • Galí, Jordi (2011)
    I examine the impact of alternative monetary policy rules on a rational asset price bubble, through the lens of an overlapping generations model with nominal rigidities. A systematic increase in interest rates in response ...
  • Galí, Jordi (2009)
    Much recent research has focused on the development and analysis of extensions of the New Keynesian framework that model labor market frictions and unemployment explicitly. The present paper describes some of the essential ...
  • Freixas, Xavier (2009)
    This paper examines the monetary policy followed during the current financial crisis from the perspective of the theory of the lender of last resort. It is argued that standard monetary policy measures would have failed ...

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