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Mostrando ítems 120-139 de 149
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The Effect of Data Revisions on the Basic New Keynesian Model
Vázquez Pérez, Jesús
; María-Dolores, Ramón; Londoño Yarce, Juan Miguel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
This paper proposes an extended version of the basic New Keynesian monetary (NKM) model which contemplates revision processes of output and inflation data in order to assess the importance of data revisions on the estimated ... -
The effect of firm-level contracts on the structure of wages: evidence from matched employer-employee data
Card, David E.; De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004-10)
In Spain, as in several other European countries, sectoral bargaining agreements are automatically extended to cover all firms in an industry. Employers and employees can also negotiate firm-specific contracts. We use a ... -
The effect of flexibility in working hours on fertility: A comparative analysis of selected european countries
Ariza, Alfredo; De la Rica Goiricelaya, Sara; Ugidos Olazabal, Arantza (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-09)
The main aim of this paper is to measure the extent to which part-time work enhances fertility for married or cohabiting women of fertile age. The study covers eleven European countries. The data used are a pool sample of ... -
The Evaluation of Fisheries Management: A Dynamic Stochastic Approach
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-03)In this article, we analyze how to evaluate fishery resource management under “ecological uncertainty”. In this context, an efficient policy consists of applying a different exploitation rule depending on the state of the ... -
The Impact of Firm Level Contracting on Wage Levels and Inequality: Spain 1995-2002
De la Rica Goiricelaya, Sara; González de San Román Rosado, Ainara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-11)
This paper provides microeconomic evidence on the variation over time of the firm-specific wage premium in Spain from 1995 to 2002, and its impact on wage inequality. We make use of two waves of a detailed linked ... -
The Impact of Gender Segregation on Male-Female Wage Differentials
Amuedo Dorantes, Catalina; De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-09)
This paper presents new evidence on the role of gender segregation and pay structure in explaining gender wage differentials of full-time salaried workers in Spain. Data from the 1995 and 2002 Wage Structure Surveys reveal ... -
The Impact of Regulation on Pricing Behavior in the Spanish Electricity Market
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-06)
In this paper we measure the impact of regulatory measures which affected the Spanish electricity wholesale market in the period 2002-2005. Our approach is based on the fact that regulation changes firms' incentives and ... -
The Importance of Stock Market Returns in Estimated Monetary Policy Rules: a Structural Approach
Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006)
This paper estimates a standard version of the New Keynesian Monetary (NKM) model augmented with financial variables in order to analyze the relative importance of stock market returns and term spread in the estimated U.S. ... -
The New Keynesian Monetary Model: Does it Show the Comovement Between Output and Inflation in the U.S.?
María-Dolores, Ramón; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
This paper analyzes the performance of alternative versions of the New Keynesian monetary (NKM) model in order to replicate the comovement observed between output and inflation during the Greenspan era. Following Den Haan ... -
The Optimality of the Common Fisheries Policy: the Northern Stock of Hake
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)We evaluate the management of the Northern Stock of Hake during 1986-2001. A stochastic bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits ... -
The Relationship between Risk and Expected Return in Europe
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-01)We employ MIDAS (Mixed Data Sampling) to study the risk-expected return trade-off in several European stock indices. Using MIDAS, we report that, in most indices, there is a significant and positive relationship between ... -
The Relevance of Relative Position in Ultimatum Games
Miller Moya, Luis Miguel; Ubeda Molla, Paloma (University of the Basque Country, Department of Foundations of Economic Analysis II, 2014)
This paper investigates the effect of focal points and initial relative position in the outcome of a bargaining process. We conduct two on-line experiments. In the first experiment we attempt to replicate Güth, Huck and ... -
The role of personal involvement and responsibility in dictatorial allocations: A classroom experiment
Brañas Garza, Pablo; Durán, Miguel A.; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-08)
This paper explores the motivations behind giving. Specifically, it focuses on personal involvement and responsibility to explain why decision makers give positive amounts in dictatorial decisons. The experiment is designed ... -
The role of the term spread in an augmented Taylor rule: An empirical investigation
Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)
Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of an augmented version of the Taylor rule (ATR) that (i) allows for the presence of switching regimes, (ii) considers the ... -
The role of the terms of trade in the trade channel of transmission of oil price shocks
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)This paper highlights the role of the terms of trade in the trade channel of propagation of oil price shocks both empirically and theoretically. Empirically, I show that oil price shocks have a large, persistent and ... -
The Weekend-Dividend Effect in the Spanish Market
Gardeazabal, Javier; Regúlez Castillo, Marta (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-06)
In this paper we develop an econometric test of a corollary of the irrelevance of the dividend policy principle, namely, that the rescheduling of dividends does not affect the market valuation of the firm. In particular, ... -
Time discounting (delta) and pain anticipation: Experimental evidence
Brañas Garza, Pablo; Espinosa Alejos, María Paz; Repollés Pro, María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-11)
This paper deals with pain anticipation experienced before medical procedures. Our experimental results show that individuals with lower discount factors are more prone to suffer pain in advance. We provide a framework to ... -
Time Variation in an Optimal Asymmetric Preference Monetary Policy Model
Cassou, Steven P.; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
This paper considers a time varying parameter extension of the Ruge-Murcia (2003, 2004) model to explore whether some of the variation in parameter estimates seen in the literature could arise from this source. A time ... -
Travellers' Types
Brañas Garza, Pablo; Espinosa Alejos, María Paz; Rey Biel, Pedro (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010)
This paper uses subjects’ self-reported justifications to explain discrepancies between observed heterogeneous behavior and the unique equilibrium prediction in a one-shot traveler’s dilemma experiment (TD). Principal ... -
Trend analysis in two standard growth models
Restrepo Ochoa, Sergio I.; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)
This paper analyzes the trend processes characterized by two standard growth models using simple econometrics. The first model is the basic neoclassical growth model that postulates a deterministic trend for output. The ...