Now showing items 1-7 of 7

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      Business cycles in a small open economy: The case of Hong Kong 

      Echeverria Garaigorta, Paulina Elisa; Iza Padilla, María Amaya (University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-12)
      This paper analyzes the business cycle properties of the Hong Kong economy during the 1982-2004 period, which includes the financial crisis experienced in 1997-98. We show that output, output growth rate and real interest ...
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      Does Immigration Raise Natives’ Income? National and Regional Evidence from Spain 

      Amuedo Dorantes, Catalina; De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-04)
      How immigration affects the labor market of the host country is a topic of major concern for many immigrant-receiving nations. Spain is no exception following the rapid increase in immigrant flows experienced over the past ...
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      Fiscal Policy and Economic Stability: Does PIGS stand for Procyclicality In Government Spending? 

      Claeys, Peter; Maravalle, Alessandro (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)
      The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during ...
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      Going Multinational under Exchange Rate Uncertainty 

      Aray, Henry; Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-02)
      A domestic exporting firm faces exchange rate uncertainty and has the option to install capacity abroad, thus becoming multinational. We analyze when the firm should exercise such an option optimally in the context of a ...
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      Prices and the Real Exchange Rate in Hong Kong: 1985-2006 

      Echeverria Garaigorta, Paulina Elisa; Iza Padilla, María Amaya (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-11)
      This paper seeks to quantify to the extent to which price dynamics in Hong Kong are due to the Balassa-Samuelson hypothesis. From 1985 to 1998, the CPI in Hong Kong increased spectacularly, yet there was dramatic deflation ...
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      Terrorism and the World Economy 

      Abadie, Alberto; Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
      It has been argued that terrorism should not have a large effect on economic activity, because terrorist attacks destroy only a small fraction of the stock of capital of a country (see, e.g., Becker and Murphy, 2001). In ...
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      The role of the terms of trade in the trade channel of transmission of oil price shocks 

      Maravalle, Alessandro (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 ...