BackBrowsing DFAEII by Title
Now showing items 133-149 of 149
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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 ... -
Understanding Tariff Deficit and its Challenges
Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-01)
Regulators and market participants have become increasingly concerned about the Spanish electricity tariff deficit due to its size and the difficulties to control its growth. The deficit can be traced to inefficiencies in ... -
Understanding the ex-ante cost of liquidity in the limit order book: A note
Martínez Sedano, Miguel Ángel; Rubio Irigoyen, Gonzalo; Tapia, Mikel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-01)
This paper estimates a new measure of liquidity costs in a market driven by orders. It represents thecost of simultaneously buying and selling a given amount of shares, and it is given by a single measure of ex-ante liquidity ... -
Unemployment rates and population changes in Spain
Echevarría Olave, Cruz Ángel; Eguía Peña, María Begoña (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
This paper discusses the long run effect of changes in the age distribution of Spanish population on the unemployment rate, disaggregated by sex and age segments in the light of cointegration theory given the non stationarity ... -
Union Formation and Bargaining Rules in the Labor Market
Chica Páez, Yolanda; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-03)
This paper analyzes union formation in a model of bargaining between a firm and several unions. We address two questions: first, the optimal configuration of unions (their number and size) and, second, the impact of the ... -
Unions, Monetary Shocks and the Labour Market Cycle
Fernández de Córdoba, Gonzalo; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
This paper provides a new growth model by considering strategic behaviour in the supply of labour. Workers form a labour union with the aim of manipulating wages in their own benefit. We analyse the implications on labor ... -
Unraveling Public Good Games: The Role of Priors
Brañas Garza, Pablo; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
This paper provides experimental evidence on how players predict end game effects in a linear public good game. Our regression analysis yields a measure of the relative importance of priors and signals on subjects\' beliefs ... -
Vertical Differentiation and Entry Deterrence: A Reconsideration
Beloki, Lander; Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-01)
In this work we emphasize why market coverage should be considered endogenous for a correct analysis of entry deterrence in vertical differentiation models and discuss the implications of this endogeneity for that analysis. ... -
Wage differentials between Permanent and Temporal Contracts: Further Evidence
De la Rica Goiricelaya, Sara; Felgueroso, Florentino (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-02)
The main objective of this paper is to estimate wage differentials between permanent and temporal workers for different qualification levels and decompose such differentials to see which factors contribute more to explain ... -
Wage differentials between permanent and temporary workers: Firm and occupational segregation
De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003)
The main issue of this paper is to measure the impact of segregation of workers with fixed-term contracts into low-paying firms and low-paying occupations within the same firm to explain wage gaps between these workers and ... -
Why Economists Reject Long-Term Fisheries Management Plans?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-08)Most fisheries agencies conduct biological and economic assessments independently. This independent conduct may lead to situations in which economists reject management plans proposed by biologists. The objective of this ...