Content
2018
- 18-04 Brain Drain or Brain Gain? International labor mobility and human capital formation
by Anelí Bongersy & Carmen Díaz-Roldán & José L. Torres - 18-03 A multi-country analysis of austerity policies in the European Union
by Oscar Bajo-Rubio & Antonio G. Gómez-Plana - 18-02 Highly Skilled International Migration, STEM Workers, and Innovation
by Anelí Bongersy & Carmen Díaz-Roldán & José L. Torres - 18-01 Time-varying cointegrating regression analysis with an application to the long-run interest rate pass-through in the Euro Area
by Afonso-Rodríguez, Julio A. & Santana-Gallego, María
2017
- 17-03 Systemic banks, capital composition and CoCo bonds issuance:The effects on bank risk
by Simón Sosvilla-Rivero & Victor Echevarria Icaza - 17-02 Inflation, real economic growth and unemployment expectations: An empirical analysis based on the ECB Survey of Professional Forecasters
by María del Carmen Ramos-Herrera & Simón Sosvilla-Rivero - 17-01 Yields on sovereign debt, fragmentation and monetary policy transmission in the euro area: A GVAR approach
by Victor Echevarria Icaza & Simón Sosvilla-Rivero
2016
- 16-11 House prices and capital inflows in Spain during the boom: evidence from a cointegrated VAR and a Structural Bayesian VAR
by Juan Carlos Cuestas - 16-10 Changes in sovereign debt dynamics in Central and Eastern Europe
by Juan Carlos Cuestas - 16-09 Stock market and economic growth in Eastern Europ
by María A. Prats & Beatriz Sandoval - 16-07 Desarrollo de la Banca Islámica. El Caso de Indonesia. Contexto y evolución
by Jaime Alcaide Arranz - 16-06 Public debt and economic growth: An empirical evaluation
by María del Carmen Ramos-Herrera & Simón Sosvilla-Rivero - 16-04 The literature on the interaction of fiscal risk and financial stability– a survey
by Victor Echevarria Icaza - 16-03 Fiscal fatigue and debt sustainability: Empirical evidence from the Eurozone 1980-2013
by Victor Echevarria Icaza - 16-02 Demand for sovereign bonds in the periphery: a regimeswitching approach
by Victor Echevarria Icaza - 16-01 Connectedness of stress in EMU bank and sovereign CDS: the role policy measures 2008-2014
by Simón Sosvilla-Rivero & Victor Echevarria Icaza - 16-05 Classification-JEL :F14, F60 Complex Internationalization Strategies and Firm Export Dynamics: Crisis and Recovery
by David Córcoles & Carmen Díaz-Mora* & Rosario Gandoy
2015
- 15-11 Why do empirical tests tend to accept the NEG? An alternative approach to the 'wage equation' in European regions
by Fernando Bruna - 15-10 Redes Transnacionales de Producción en la Unión Europea: Economías Centrales VS Periferias Este y Sur
by Erena Mª García López & Carmen Díaz-Mora - 15-09 Detection of Implicit Fluctuation Bands in The European Union Countries
by Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera - 15-08 Detection of Implicit Fluctuation Bands and their Credibility in Candidate Countries
by Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera - 15-07 Impact of the economic integration in the international economic structure. The case of international mergers and acquisitions of Spanish multinational firms
by David de Matías Batalla - 15-06 On the bi-directional causal relationship between public debt and economic growth in EMU countries
by Marta Gómez-Puig & Simón Sosvilla-Rivero - 15-05 The failure of the monetary model of exchange rate determination
by Dinçer Afat & Marta Gómez-Puig & Simón Sosvilla-Rivero - 15-04 Spanish Multinational Firm and its Internationalization Process
by David de Matías Batalla - 15-03 Volatility spillovers in EMU sovereign bond markets
by Fernando Fernández-Rodríguez & Marta Gómez-Puig & Simón Sosvilla-Rivero - 15-02 Financial stress transmission in EMU sovereign bond market volatility: A connectedness analysis
by Fernando Fernández-Rodríguez & Marta Gómez-Puig & Simón Sosvilla-Rivero - 15-01 Sovereigns and banks in the euro area: A tale of two crises
by Marta Gómez-Puig & Simón Sosvilla-Rivero & Manish K. Singh
2014
- 14-11 Fiscal policy and the real exchange rate: Some evidence from Spain
by Oscar Bajo-Rubio & Burcu Berke - 14-10 Forward looking banking stress in EMU countries
by Manish K. Singh & Marta Gómez-Puig & Simón Sosvilla-Rivero - 14-09 On the employment effects of outward FDI: The case of Spain, 1995-2011
by Oscar Bajo-Rubio & Carmen Díaz-Mora - 14-08 EMU sovereign debt market crisis: Fundamentals-based or pure contagion?
by Marta Gómez-Puig & Simón Sosvilla-Rivero - 14-07 An update on EMU sovereign yield spread drivers in times of crisis: A panel data analysis
by Marta Gómez-Puig & Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera - 14-06 A contribution to the empirics of convergence in real GDP growth: The role of financial crises and exchange-rate regimes
by Amalia Morales-Zumaquero & Simón Sosvilla-Rivero - 14-05 Dollarization and the relationship between EMBI and fundamentals Latin American countries
by María Lorena Mari del Cristo & Marta Gómez-Puig - 14-04 Mixed effects of low-cost airlines on tourism in Spain
by Rafael L. Myro & Belén Rey & Pablo I. Hernández - 14-03 Causality and Contagion in EMU Sovereign Debt Markets
by Marta Gómez-Puig & Simón Sosvilla-Rivero - 14-02 Exchange-rate regimes and inflation: An empirical evaluation
by Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera - 14-01 Exchange-rate regimes and economic growth: An empirical evaluation
by Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera
2013
- 13-08 On the relationship between exchange rates and external imbalances: East and Southeast Asia
by Juan Carlos Cuestas & Paulo José Regis - 13-07 May austerity be counterproductive?
by Pablo García Sánchez & Miguel Sebastián - 13-06 Fiscal dynamics in a dollarized, oil-exporting country: Ecuador
by María Lorena Marí Del Cristo & Marta Gómez-Puig - 13-05 The impact of FTAs on MENA trade in industrial and agricultural products
by M. D. Parra & I. Martínez-Zarzoso & C. Suárez-Burguet - 13-04 The present value model of U.S. stock prices revisited: long-run evidence with structural breaks, 1871-2010
by Vicente Esteve & Manuel Navarro-Ibáñez & María A. Prats - 13-03 Product sophistication: A tie that binds partners in international production sharing
by David Córcoles & Carmen Díaz-Mora & Rosario Gandoy - 13-02 Alternative strategies to reduce public deficits: Taxes vs. spending
by Oscar Bajo-Rubio & Antonio G. Gómez-Plana - 13-01 A non-linear approach with long range dependence based on Chebyshev polynomials
by Juan Carlos Cuestas & Luis A. Gil-Alana
2012
- 12-06 Balance-constrained growth rates: generalizing Thirlwall’s law
by Oscar Bajo-Rubio - 12-05 Real exchange rate volatility, financial crises and nominal exchange regimes
by Amalia Morales-Zumaquero & Simón Sosvilla-Rivero - 12-04 Genetic algorithm for arbitrage with more than three currencies
by Adrián Fernández-Pérez & Fernando Fernández-Rodríguez & Simón Sosvilla-Rivero - 12-03 Export Survival in Global Value Chains
by David Córcoles & Carmen Díaz-Mora & Rosario Gandoy - 12-02 On the forecast accuracy and consistency of exchange rate expectations: The Spanish PwC Survey
by Simón Sosvilla-Rivero & Maria del Carmen Ramos-Herrera - 12-01 Inflation convergence in Central and Eastern Europe with a view to adopting the euro
by Juan Carlos Cuestas & Luis A. Gil-Alana & Karl Taylor
2011
- 11-09 Hysteresis and Import Penetration with Decreasing Sunk Costs
by Henry Aray - 11-08 Historical financial analogies of the current crisis
by Julián Andrada-Félix & Fernando Fernández-Rodríguez & Simón Sosvilla-Rivero - 11-07 Sustainability of external imbalances in the OECD countries
by Oscar Bajo-Rubio & Carmen Díaz-Roldán & Vicente Esteve - 11-06 Causality and contagion in peripheral EMU public debt markets: A dynamic approach
by Marta Gómez-Puig & Simón Sosvilla-Rivero - 11-05 Do exports cause growth? Some evidence for the new EU members
by Oscar Bajo-Rubio & Carmen Díaz-Roldán - 11-04 Economic growth and the balance-ofpayments constraint: The case of the Spanish regions, 1988-2008
by Oscar Bajo-Rubio & Carmen Díaz-Roldán - 11-03 Volatility in EMU sovereign bond yields: Permanent and transitory components
by Simón Sosvilla-Rivero & Amalia Morales-Zumaquero - 11-02 Wage Assimilation of Immigrants in Spain
by Zenón Jiménez-Ridruejo & Carlos Borondo Arribas - 11-01 The US Dollar-Euro exchange rate and US-EMU bond yield differentials: A Causality Analysis
by Simón Sosvilla-Rivero & María del Carmen Ramos-Herrera
2010
- 10-10 The balance-of-payments constraint on economic growth in a long-term perspective: Spain, 1850-2000
by Oscar Bajo-Rubio - 10-09 External imbalances in a monetary union. Does the Lawson doctrine apply to Europe?
by Mariam Camarero & Josep Lluís Carrion-i-Silvestre & Cecilio Tamarit - 10-08 The Spanish term structure of interest rates revisited: cointegration with multiple structural breaks, 1974-2010
by Vicente Esteve & Manuel Navarro-Ibáñez & María A. Prats - 10-07 The link between immigration and trade in developing countries
by José Vicente Blanes - 10-06 Bilateral trade flows and income-distribution similarity
by Inmaculada Martínez-Zarzoso & Sebastian Vollmer - 10-05 Markups, bargaining power and offshoring: An empirical assessment
by Lourdes Moreno & Diego Rodríguez - 10-04 Government deficit sustainability, and monetary versus fiscal dominance: The case of Spain, 1850-2000
by Oscar Bajo-Rubio & Carmen Díaz-Roldán & Vicente Esteve - 10-03 On the sustainability of government deficits: some long-term evidence for Spain, 1850-2000
by Oscar Bajo-Rubio & Carmen Díaz-Roldán & Vicente Esteve - 10-02 Revisiting Rose’s common currency debate
by Maria Santana-Gallego & Francisco J. Ledesma-Rodríguez & Jorge V. Pérez-Rodríguez - 10-01 The euro and the volatility of exchange rates
by Amalia Morales-Zumaquero & Simón Sosvilla-Rivero
2007
- 07-09 Trade growth in a heterogeneous firm model: Evidence from South Eastern Europe
by d'Artis Kancs - 07-08 Foreign direct investment and regional growth: An analysis of the Spanish case
by Oscar Bajo-Rubio & Carmen Díaz-Mora & Carmen Díaz-Roldán - 07-07 On the impact of exchange rate regimes on tourism
by María Santana-Gallego & Francisco J. Ledesma-Rodríguez & Jorge V. Pérez-Rodríguez - 07-06 Post-EMS exchange risk trends: A comparative perspective between Euro, British Pound and Japanese Yen excess returns against US Dollar
by Yolanda Santana-Jiménez & Jorge V. Pérez-Rodríguez - 07-05 Political and institutional factors in regime change in the ERM: An application of duration analysis
by Simón Sosvilla-Rivero & Francisco Pérez-Bermejo - 07-04 Demand shocks and trade balance dynamics
by José García-Solanes & Jesús Rodríguez & José L. Torres - 07-03 EU-15 sovereign governments' cost of borrowing after seven years of Monetary Union
by Marta Gómez-Puig - 07-02 Fiscal harmonization in the presence of public inputs
by Gonzalo Fernández-de-Córdoba & José L. Torres - 07-01 Deficit sustainability and inflation in EMU: An analysis from the fiscal theory of the price level
by Oscar Bajo-Rubio & Carmen Díaz-Roldán & Vicente Esteve
2006
- 06-05 On Distributed Lags in Dynamic Panel Data Models: Evidence from Market Shares
by Felicitas Nowak-Lehmann & Dierk Herzer & Sebastian Vollmer & Inmaculada Martínez-Zarzoso - 06-03 Following the yellow brick road? The Euro, the Czech Republic, Hungary and Poland
by Jesús Rodríguez López & José Luis Torres Chacón - 06-02 Coagglomeration and Spillovers
by Salvador Barrios & Luisito Bertinelli & Eric Strobl - 06-01 Climatic Change and Rural-Urban Migration: The Case of Sub-Saharan Africa
by Salvador Barrios & Luisito Bertinelli & Eric Strobl
2005
- 05-13 The Balassa-Samuelson effect and the wage, price and unemployment dynamics in Spain
by Katarina Juselius & Javier Ordóñez - 05-12 CHARACTERIZING MACROECONOMIC SHOCKS IN THE CEECs
by Oscar Bajo-Rubio & Carmen Díaz-Roldán - 05-11 The Impact Of Monetary Union On Eu-15 Sovereign Debt Yield Spreads
by Marta Gómez-Puig - 05-10 Determinants of regional integration agreements in a discrete choice framework: re-examining the evidence
by Laura Márquez-Ramos & Inmaculada Martínez-Zarzoso & Celestino Suárez-Burguet - 05-09 Immigrant’s Characteristics and its different effects on bilateral trade
by José Vicente Blanes-Cristóbal - 05-08 Vulnerability To Shocks In Emu: 1991-2004
by Oscar Bajo-Rubio & Carmen Díaz-Roldán - 05-07 DETERMINANTS OF OUTSOURCING PRODUCTION: A Dynamic Panel Data Approach for Manufacturing Industries
by Carmen Díaz-Mora - 05-06 Trade types with developed and developing countries what can we learn from Spanish data? Abstract: In this paper, we investigate the nature of Spanish intra-industry trade and find that intraindustry trade with CEEC, Asian and Mediterranean countries has increased considerably since the middle of the Nineties. The second aim of the paper is to study if the comparative advantage argument also explains vertical intra-.industry trade between different income countries. According to OLS estimations, technological differences do increase DVIIT while physical capital differences decreases it. Results obtained applying Heckman method support the idea that differences in physical capital reduce the probability of IIT to occur but the level of vertical and horizontal IIT is better explained by the proximity of partners, the similarity in development level and size of market than by differences in physical capital endowments. The variables considered, mostly country-specific do have the same impact on vertical and horizontal IIT with emergent countries
by Juliette Milgram Baleix & Ana I. Moro-Egido - 05-05 Monetary Integration And The Cost Of Borrowing
by Marta Gómez-Puig - 05-04 Paths of Development in Open Economies: The Role of Land
by María Dolores Guilló & Fidel Perez-Sebastian - 05-03 Regímenes cambiarios de iure y de facto. El caso de la Peseta/Dólar, 1965-1998
by Francisco J. Ledesma-Rodríguez & Manuel Navarro-Ibáñez & Jorge V. Pérez-Rodríguez & Simón Sosvilla-Rivero - 05-02 Testing the BalassA-Samuelson hypothesis in two different groups of countries: OECD and Latin America
by José García Solanes & Fernando Torrejón Flores - 05-01 Some critics to the contagion correlation test
by Sarai Criado Nuevo
2004
- 04-03 Is the foreign capital leaving industrialized countries? The case of Spain
by Carlos M. Fernández-Otheo & Rafael Myro - 04-02 Price-Cost Margins and Economic Integration: How Important is the Pro-Competitive Effect?
by Oscar Bajo-Rubio & Carmen Díaz-Roldán & Antonio G. Gómez-Plana - 04-01 An empirical examination of exchange-rate credibility determinants in the EMS
by Francisco Ledesma-Rodríguez & Jorge Pérez-Rodríguez & Simón Sosvilla-Rivero
2003
- 03-04 Monetary Union and productivity differences in Mercosur countries
by Mariam Camarero & Renato G. Flôres, Jr. & Cecilio R. Tamarit - 03-01 Return to Tourist Destination. Is it Reputation, After All?
by Francisco J. Ledesma & Manuel Navarro & Jorge V.
2002
- 02-05 Regimen changes and duration in the European Monetary System
by Simón Sosvilla-Rivero & Reyes Maroto Illera - 02-04 Asymmetries in the Cyclical Effects of Monetary Policy on Output: Some European Evidence
by Ramón María-Dolores - 02-03 Optimal Oil Taxation in a Small Open Economy
by Carlos de Miguel & Baltasar Manzano - 02-02 Foreign Direct Investment in a Process of Economic Integration: The Case of Spanish Manufacturing, 1986-1992
by Oscar Bajo-Rubio & Carmen López-Pueyo - 02-01 Inward Foreign Direct Investment And Imports In Spain
by M. T. Alguacil & Vicente Orts
2001
- 01-08 A panel cointegration approach to the estimation of the peseta real exchange rate
by Mariam Camarero & Cecilio Tamarit - 01-07 Economic Integration and Banking Mergers Strategies
by José García Solanes & Diego Peñarrubia - 01-06 A General Framework For The Macroeconomic Analysis Of Monetary Unions
by Oscar Bajo-Rubio & Carmen Díaz-Roldán - 01-05 Intertemporal Current Account And Productivity Shocks: Evidence For Some European Countries
by Fernando Perez de Gracia & Juncal Cuñado - 01-04 Business Cycle and Speculative Pressures in a Target Zone
by M. Isabel Campos López & M. Araceli Rodríguez López - 01-03 The Changing Behavior Of The Term Structure Of Post-War U.S. Interest Rates And Changes In The Federal Reserve Chairman: Is There A Link?
by María-José Gutiérrez & Jesús Vázquez - 01-02 Do oil price shocks matter? Evidence for some European countries
by Juncal Cuñado & Fernando Pérez de Gracia - 01-01 Has 1997 Asian Crisis increased Information Flows between International Markets?
by Francisco J. Climent & Vicente Meneu
2000
- 00-09 Coordination Of Fiscal Policies In A Monetary Union
by Carmen Díaz-Roldán - 00-08 Insurance Mechanisms Against Asymmetric Shocks In A Monetary Union: A Proposal With An Application To Emu
by Oscar Bajo-Rubio & Carmen Díaz-Roldán - 00-07 Were The Peseta Exchange Rate Crises Forecastable During Target Zone Period?
by M. Isabel Campos & Zenón Jiménez-Ridruejo - 00-06 Uniform Output Subsidies In An Economic Union With Firms Heterogeneity
by Bernardo Moreno & José L. Torres - 00-05 Crises and Credibility in a Target Zone: A Logit from a Markov-Switching Model
by M. Isabel Campos & M. Araceli Rodríguez - 00-04 INTERNATIONAL TRANSMISSION OF MONETARY SHOCKS WITH INTEREST RATE RULE Abstract: This paper explores the implications of monetary policy rules in the general equilibrium two-country framework of Obstfeld and Rogo (1995). It is argued that the sign of the correlation of domestic and foreign outputs can be positive after a monetary shock, contrary to the standard result. The reason is that an interest rate rule targeting the consumer price index implies less volatile terms of trade and this reduces the expenditure switching e¤ect, and thus the demand e¤ect through the fall of the real interest rate prevails. It is also shown that inertia in the interest rate rule is a necessary condition for the model to display persistence of the real variables after a shock to the interest rate rule
by Carlos Borondo - 00-03 Domestic and foreign price-marginal cost margins: An application to Spanish manufacturing firms
by Lourdes Moreno Martín & Diego Rodríguez Rodríguez - 00-02 Technical Analysis In Foreign Exchange Markets: Linear Versus Nonlinear Trading Rules
by Fernando Fernández-Rodríguez & Simón Sosvilla-Rivero & Julián Andrada-Félix - 00-01 A Quantitative Analysis Of The Effects Of Capital Controls: Spain, 1986-1990
by Oscar Bajo-Rubio & Simón Sosvilla-Rivero