Browsing Economics and Business Working Papers Series by Title

Welcome to the UPF Digital Repository

Browsing Economics and Business Working Papers Series by Title

Sort by: Order: Results:

  • 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 ...
  • Canova, Fabio; Favero, Carlo (2005)
    We examine monetary policy in the Euro area from both theoretical and empirical perspectives. We discuss what theory tells us the strategy of Central banks should be and contrasts it with the one employed by the ECB. We ...
  • Canova, Fabio; Pires Pina, Joaquim (1998)
    We examine the effects of extracting monetary policy disturbances with semi-structural and structural VARs, using data generated by a limited participation model under partial accommodative and feedback rules. We find ...
  • Clarida, Richard; Galí, Jordi; Gertler, Mark (1997)
    We estimate a forward-looking monetary policy reaction function for the postwar United States economy, before and after Volcker's appointment as Fed Chairman in 1979. Our results point to substantial differences in the ...
  • De Arcangelis, Giuseppe; Di Giorgio, Giorgio (1999)
    This paper provides updated empirical evidence about the real and nominal effects of monetary policy in Italy, by using structural VAR analysis. We discuss different empirical approaches that have been used in order ...
  • Nimark, Kristoffer (2008)
    Monetary policy is conducted in an environment of uncertainty. This paper sets up a model where the central bank uses real-time data from the bond market together with standard macroeconomic indicators to estimate the ...
  • Rodríguez, Hugo (1998)
    This paper studies the transaction cost savings of moving from a multi-currency exchange system to a single currency one. The analysis concentrates exclusively on the transaction and precautionary demand for money and ...
  • Marcet, Albert; Nicolini, Juan Pablo (2005)
    This paper studies the short run correlation of inflation and money growth. We study whether a model of learning can do better than a model of rational expectations, we focus our study on countries of high inflation. We ...
  • Gennaioli, Nicola; Shleifer, Andrei; Vishny, Robert (2012)
    We present a new model of money management, in which investors delegate portfolio management to professionals based not only on performance, but also on trust. Trust in the manager reduces an investor's perception of the ...
  • Jeon, Doh-Shin; Menicucci, Domenico (2005)
    The earning structure in science is known to be flat relative to the one in the private sector, which could cause a brain drain toward the private sector. In this paper, we assume that agents value both money and fame and ...
  • Epure, Mircea; Lafuente, Esteban (2012)
    This paper proposes a managerial control tool that integrates risk in efficiency measures. Building on existing efficiency specifications, our proposal reflects the real banking technology and accurately models the ...
  • Cuxart, Anna; Longford, Nicholas T. (1997)
    The examinations taken by high-school graduates in Spain and the role of the examination in the university admissions process are described. The following issues arising in the assessment of the process are discussed: reliability ...

Search


Advanced Search

Browse

My Account