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Growth in Overlapping Generation Economies with Non-Renewable Resources
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
Feasibility of positive steady-state growth in overlapping generation (OLG) economies that use non-renewable resources as essential inputs in the production process is analyzed. The model we use is, in essence, that of ...
Skill premium effects on fertility and female labor force supply
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
In the last twenty years the United States has seen a positive relationship between female labor supply and total fertility rates, which differs from the pattern observed over the preceding years. We construct a general ...
Term Structure and the Estimated Monetary Policy Rule in the Eurozone
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008)
In this paper we estimate a standard version of the New Keynesian Monetary (NKM) model augmented with term structure in order to analyze two issues. First, we analyze the effect of introducing an explicit term structure ...
How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? an Indirect Inference Approach
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-05)
This paper estimates a standard version of the New Keynesian monetary (NKM) model under alternative specifications of the monetary policy rule using U.S. and Eurozone data. The estimation procedure implemented is a classical ...
The New Keynesian Monetary Model: Does it Show the Comovement Between Output and Inflation in the U.S.?
(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 ...
Altruism and Social Integration
(2009)
We report on a two-stage experiment in which i) we first elicit the social network within a section of undergraduate students and ii) we then measure their altruistic attitudes by means of a standard Dictator game. We ...
Career Planning in Spain: Do temporary contracts delay marriage and motherhood?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)
The aim of this paper is to find an empirical connection between the impressive increase in the use of temporary contracts in Spain and the observed increase in age at marriage and maternity. Using a pool of the six available ...
Life Expectancy, Human Capital, Social Security and Growth
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
We analyze the effects of changes in the mortality rate upon life expectancy, education, retirement age, human capital and growth in the presence of social security. We build a vintage growth, overlapping generations model ...
Strategic Behavior and Collusion: An Application to the Spanish Electricity Market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
The paper has two major contributions to the theory of repeated games. First, we build a supergame oligopoly model where firms compete in supply functions, we show how collusion sustainability is affected by the presence ...
A note on collusion sustainability with optimal punishments and detection lags
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-09)
In this note we characterize optimal punishments with detection lags when the market consists of n oligopolistic firms. We extend a previous note by Colombo and Labrecciosa (2006) [Colombo, L., and Labrecciosa, P., 2006. ...