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Browsing Economics and Business Working Papers Series by Title

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  • Aragonés, Enriqueta (1994)
    We construct a dynamic voting model of multiparty competition in order to capture the following facts: voters base their decision on past economic performance of the parties, and parties and candidates have different ...
  • Gennaioli, Nicola; Shleifer, Andrei; Vishny, Robert (2010)
    We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions. First, investors (and possibly intermediaries) neglect certain ...
  • Barigozzi, Matteo; Brownlees, Christian T. (2013)
    This work proposes novel network analysis techniques for multivariate time series. We define the network of a multivariate time series as a graph where vertices denote the components of the process and edges denote non ...
  • Kunnumkal, Sumit; Talluri, Kalyan; Topaloglu, Huseyin (2010)
    Revenue management practices often include overbooking capacity to account for customers who make reservations but do not show up. In this paper, we consider the network revenue management problem with no-shows and ...
  • Aparicio, Ainhoa; González Luna, Libertad (2013)
    We study the effect of the business cycle on the health of newborn babies using 30 years of birth certificate data for Spain. Exploiting regional variation over time, we find that babies are born healthier when the local ...
  • 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 ...

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