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Browsing Economics and Business Working Papers Series by Title

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  • Angelloni, Ignazio; Aucremanne, Luc; Ehrmann, Michael; Galí, Jordi; Levin, Andrew; Smets, Frank (2005)
    This paper evaluates new evidence on price setting practices and inflation persistence in the euro area with respect to its implications for macro modelling. It argues that several of the most commonly used assumptions in ...
  • Garcia Blandón, Josep (2001)
    In this paper, differences in return autocorrelation across weekdays have been investigated. Our research provides strong evidence of the importance on non-trading periods, not only weekends and holidays but also ...
  • Rodríguez, Diego (1999)
    We develop a setting with weak intellectual property rights, where firms' boundaries, location and knowledge spillovers are endogenous. We have two main results. The first one is that, if communication costs increase ...
  • Argilés, Josep M.; Slof, Eric J. (2000)
    There is a gap between the importance given to accounting and the low level of bookkeeping and accounting practice in the agricultural sector. Current general accounting rules do not adapt very well to the particularities ...
  • García, Diego; Urosevic, Branko (2004)
    We study a novel class of noisy rational expectations equilibria in markets with large number of agents. We show that, as long as noise increases with the number of agents in the economy, the limiting competitive equilibrium ...
  • Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon; Teles, Pedro (2003)
    We study the effects of nominal debt on the optimal sequential choice of monetary policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even ...
  • Ventura, Eva (1996)
    In this paper I explore the issue of nonlinearity (both in the data generation process and in the functional form that establishes the relationship between the parameters and the data) regarding the poor performance of the ...
  • González, Libertad (2003)
    This paper applies the theoretical literature on nonparametric bounds on treatment effects to the estimation of how limited English proficiency (LEP) affects wages and employment opportunities for Hispanic workers in ...
  • García Pérez, J. Ignacio (2001)
    This paper considers a job search model where the environment is not stationary along the unemployment spell and where jobs do not last forever. Under this circumstance, reservation wages can be lower than without separations, ...
  • Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim (2010)
    We postulate a two-region world, comprised of North (calibrated after the US) and South (calibrated after China). Our optimization results show the compatibility of the following three desiderata: (1) Global CO2 emissions ...
  • Gancia, Gino (2003)
    In a world where poor countries provide weak protection for intellectual property rights, market integration shifts technical change in favor of rich nations. Through this channel, free trade may amplify international ...
  • Galí, Jordi (2012)
    I revisit the General Theory's discussion of the role of wages in employment determination through the lens of the New Keynesian model. The analysis points to the key role played by the monetary policy rule in shaping the ...
  • Mas-Colell, Andreu (2005)
    A general formalism on stochastic choice is presented. Tje Rationalizability and Recoverability (Identification) problems are discussed. For the identification issue parametric examples are analyzed by means of techniques ...
  • Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio (2012)
    We study the short- and long-run implications of offshoring on innovation, technology adoption, wage and income inequality in a Ricardian model with directed technical change. In our model, profit maximization determines ...
  • Rubio, M. del Mar (2003)
    This brief essay reviews the macro framework of oil and economy in Mexico in the early days of the oil industry, from 1900 to 1938. The first section displays the figures of production at the world level and shows how ...
  • Brückner, Marcus; Ciccone, Antonio; Tesei, Andrea (2011)
    We examine the effect of oil price fluctuations on democratic institutions over the 1960-2007 period. We also exploit the very persistent response of income to oil price fluctuations to study the effect of persistent (oil ...
  • Esteban, Joan; Sákovics, József (2002)
    We analyze a model of conflict with endogenous choice of effort, where subsets of the contenders may force the resolution to be sequential: First the alliance fights it out with the rest and – in case they win – later they ...
  • Marimon, Ramon; McGrattan, Ellen (1993)
  • Viader, Pelegrí; Bibiloni, Lluís; Paradís, Jaume (1998)
    Alfréd Rényi, in a paper of 1962, A new approach to the theory of Engel's series, proposed a problem related to the growth of the elements of an Engel's series. In this paper, we reformulate and solve Rényi's problem for ...
  • Bibiloni, Lluís; Viader, Pelegrí; Paradís, Jaume (2004)
    Theorem 1 of Euler’s paper of 1737 'Variae Observationes Circa Series Infinitas', states the astonishing result that the series of all unit fractions whose denominators are perfect powers of integers minus unity has sum ...

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