• Estimating the income loss of disabled individuals: the case of Spain

  Cervini-Plá, Maria; Silva, Jose I.; Vall Castelló, Judit (Springer, 2016)

  In this paper, we present a theoretical model along with an empirical model to identify the effects of disability on wages. From the theoretical model, we derive the hypothesis that only the temporary component of the wage ...
• Formación de precios en un mercado artificial de doble subasta continua

  Gil-Bazo, Javier; Moreno, David; Tapia, Mikel; Abad, David (Taylor & Francis, 2007)

  En este trabajo se estudia la formación de precios en un mercado artificial de doble subasta continua con agentes heterogéneos, tanto en términos de eficiencia informativa como en términos de sus propiedades estadísticas. ...
• Confidence intervals for half-life deviations from purchasing power parity

  Rossi, Barbara (Taylor & Francis, 2005)

  Existing point estimates of half-life deviations from purchasing power parity (PPP), around 3–5 years, suggest that the speed of convergence is extremely slow. This article assesses the degree of uncertainty around these ...
• Organized vs. competitive corruption

  Celentani, Marco; Ganuza, Juan-José (Springer, 2002)

  We study bureaucratic corruption in a model in which a constituency sets required levels for a given set of activities. Each activity is carried out by an external provider and its realization is supervised by a bureaucrat. ...
• Recursive predictability tests for real-time data

  Inoue, Atsushi; Rossi, Barbara, 1971- (Taylor & Francis, 2005)

  We propose a sequential test for predictive ability for recursively assessing whether some economic variables have explanatory content for another variable. In the forecasting literature it is common to assess predictive ...
• Do technology shocks drive hours up or down? A little evidence from an agnostic procedure

  Pesavento, Elena; Rossi, Barbara, 1971- (Cambridge University Press, 2005)

  This paper analyzes the robustness of the estimate of a positive productivity shock on hours to the presence of a possible unit root in hours. Estimations in levels or in first differences provide opposite conclusions. We ...
• Immigration, family responsibilities and the labor supply of skilled native women

  Farré, Lídia; González, Libertad; Ortega, Francesc (De Gruyter, 2011)

  We investigate the effect of immigration on the labor supply of skilled women, using data on Spain’s large recent immigration wave. We adopt a spatial correlations approach and instrument for current immigration using ...
• Competing engines of growth: innovation and standardization

  Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio (Elsevier, 2010)

  We study a dynamic general equilibrium model where innovation takes the form of the introduction of new goods whose production requires skilled workers. Innovation is followed by a costly process of standardization, where ...
• Why do emerging economies borrow short term?

  Broner, Fernando; Lorenzoni, Guido; Schumkler, Sergio L. (Wiley, 2013)

  We argue that one reason why emerging economies borrow short term is that it is cheaper than borrowing long term. This is especially the case during crises, as in these episodes the relative cost of long-term borrowing ...
• Interbank liquidity crunch and the firm credit crunch: evidence from the 2007-2009 crisis

  Iyer, Rajkamal; Lopes, Samuel; Peydró, José-Luis; Schoar, Antoinette (Oxford University Press, 2014)

  We study the credit supply effects of the unexpected freeze of the European interbank market, using exhaustive Portuguese loan-level data. We find that banks that rely more on interbank borrowing before the crisis decrease ...
• Throughput optimal scheduling over time-varying channels in the presence of heavy-tailed traffic

  Jagannathan, Krishna; Markakis, Mihalis G.; Modiano, Eytan; Tsitsiklis, John N. (Institute of Electrical and Electronics Engineers (IEEE), 2014)

  We study the problem of scheduling over time-varying links in a network that serves both heavytailed and light-tailed traffic. We consider a system consisting of two parallel queues, served by a single server. One of the ...
• Bounded rationality and correlated equilibria

  Germano, Fabrizio; Zuazo-Garin, Peio (Springer, 2017)

  We study an interactive framework that explicitly allows for nonrational behavior. We do not place any restrictions on how players’ behavior deviates from rationality, but rather, on players’ higher-order beliefs about the ...
• The Micro origins of international business-cycle comovement

  Di Giovanni, Julian; Levchenko, Andrei A.; Mejean, Isabelle (American Economic Association, 2018)

  This paper investigates the role of individual firms in international business-cycle comovement using data covering the universe of French firm-level value added and international linkages over the period 1993–2007. At the ...
• Understanding the gains from wage flexibility: the exchange rate connection

  Galí, Jordi, 1961-; Monacelli, Tommaso (American Economic Association, 2016)

  We study the gains from increased wage flexibility using a small open economy model with staggered price and wage setting. Two results stand out: (i) the effectiveness of labor cost reductions as a means to stimulate ...
• The state of New Keynesian economics: a partial assessment

  Galí, Jordi, 1961- (American Economic Association, 2018)

  In August 2007, when the first signs emerged of what would come to be the most damaging global financial crisis since the Great Depression, the New Keynesian paradigm was dominant in macroeconomics. Ten years later, tons ...
• L'aplicabilitat de la fórmula d'integració per parts en un espai gaussià

  Nualart, Eulàlia (Institut d’Estudis Catalans, 2011)

  Durant els anys setanta, el matemàtic francès Paul Malliavin va revolucionar la teoria de les probabilitats quan va introduir el càlcul de variacions estocàstic que avui porta el seu nom. Malliavin va construir una ...
• LAN property for an ergodic diffusion with jumps

  Kohatsu, Arturo; Nualart, Eulàlia; Tran, Ngoc Khue (Taylor & Francis (Routledge), 2017)

  In this paper, we consider a multidimensional ergodic diffusion with jumps driven by a Brownian motion and a Poisson random measure associated with a compound Poisson process, whose drift coefficient depends on an unknown ...
• Respuesta de los autores

  Ortún Rubio, Vicente; López-Valcárcel, Beatriz G.; Barber Pérez, Patricia; Harris, Jeffrey E. (Elsevier, 2015)
• On probability laws of solutions to differential systems driven by a fractional Brownian motion

  Baudoin, Fabrice; Nualart, Eulàlia; Ouyang, Cheng; Tindel, Samy (Institute of Mathematical Statistics (IMS), 2016)

  This article investigates several properties related to densities of solutions (Xt)t∈[0,1] to differential equations driven by a fractional Brownian motion with Hurst parameter H>1/4. We first determine conditions for ...
• Critical Brownian sheet does not have double points

  Dalang, Robert C.; Khoshnevisan, Davar; Nualart, Eulàlia; Wu, Dongsheng; Xiao, Yimin (Institute of Mathematical Statistics (IMS), 2012)

  We derive a decoupling formula for the Brownian sheet which has the following ready consequence: An N-parameter Brownian sheet in Rd has double points if and only if d<4N. In particular, in the critical case where d=4N, ...

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