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Central Bank Research Hub - Bank of Spain Working Papers



Green shoots in the Euro area. A real time measure

by Maximo Camacho, Gabriel Perez-Quiros and Pilar Poncela1026
(Jul 2010)
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Is judicial inefficiency increasing the house property market weight in Spain? Evidence at the local level

by Juan S. Mora-Sanguinetti1025
(Jul 2010)
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 Full text

Does housing really lead the business cycle?

by Luis J. Álvarez and Alberto Cabrero1024
(Jul 2010)
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 Full text

an individual-based sectoral approach (JEL J31)

by Julián Messina, Philip Du Caju, Cláudia Filipa Duarte, Niels Lyngg?rd Hansen and Mario Izquierdo1022
(Jul 2010)
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Development, growth and volatility (JEL C67, C68, E25, E32)

by Alessio Moro1023
(Jul 2010)
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 Full text

Expectations-driven cycles in the housing market (JEL E32, E44, E52)

by Expectations-driven cycles in the housing market1021
(Jul 2010)
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Evidence from banks (JEL D92, G21)

by Alfredo Martín-Oliver and Vicente Salas-Fumás1020
(Jun 2010)
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The United States vs. the euro area (JEL C40, D40, E30)

by Luis J. Álvarez and Pablo Burriel1019
(Jun 2010)
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The role of spillovers and firms' absorptive capacity (JEL C23, C25, J24, J6, L00, O32)

by Paloma López-García and José Manuel Montero1015
(Jun 2010)
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Changes in the wage structure in EU countries (JEL J31)

by Rebekka Christopoulou, Juan F. Jimeno and Ana Lamo1017
(Jun 2010)
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A systematic approach to multi-period stress testing of portfolio credit risk (JEL C15, G20, G28, G32)

by Thomas Breuer, Martin Jandacka, Javier Menc?a and Martin Summer1018
(Jun 2010)
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The euro as a reserve currency for global investors (JEL E42, F15, F31, G12, G15)

by Luis M. Viceira and Ricardo Gimeno1014
(May 2010)
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Employment fluctuations in a dual labor market (JEL E32, J42, J63, J64, J65)

by James Costain, Juan F. Jimeno and Carlos Thomas1013
(Apr 2010)
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 Full text

General Equilibrium Restrictions for Dynamic Factor Models (JEL C52, E32, E37)

by David de Antonio Liedo1012
(Apr 2010)
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What do premiums paid for bank M&As reflect? The case of the European Union (JEL G21, G28, G34)

by Jens Hagendorff, Ignacio Hernando, Mar?a J. Nieto and Larry D. Wall1011
(Apr 2010)
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Is a Calvo price setting model consistent with micro price data? (JEL C40, D40, E30)

by Luis J. Álvarez and Pablo Burriel1010
(Apr 2010)
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evidence from the WDN Survey (JEL J31, J38, P50)

by Giuseppe Bertola, Aurelijus Dabusinskas, Marco Hoeberichts, Mario Izquierdo, Claudia Kwapil, Jeremi Montorn?s and Daniel Radowski1006
(Apr 2010)
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How does competition impact bank risk-taking?

by Gabriel Jiménez, Jose A. Lopez and Jesús Saurina1005
(Mar 2010)
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a general equilibrium approach

by Galo Nuño1009
(Mar 2010)
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Spanish banks in the EMU

by Alfredo Martín-Oliver1008
(Mar 2010)
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does it matter for investment?

by Alexander Karaivanov, Sonia Ruano, Jesús Saurina, Robert Townsend1003
(Mar 2010)
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Testing non-linear dependence in the Hedge Fund industry

by Javier Mencía1007
(Mar 2010)
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an unexploited monetary policy tool

by Gabriel Perez-Quiros and Hugo Rodríguez Mendizábal1004
(Mar 2010)
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evidence from differences in firing costs

by Cristina Barceló and Ernesto Villanueva1002
(Feb 2010)
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Banking competition, collateral constraints and optimal monetary policy

by Javier Andrés, Óscar Arce and Carlos Thomas1001
(Feb 2010)
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2009

a general equilibrium model of the oil-macroeconomy nexus

by Anton Nakov and Galo Nuño0932
(Dec 2009)
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an empirical assessment (JEL E62, H30)

by Pablo Burriel, Francisco de Castro, Daniel Garrote, Esther Gordo, Joan Paredes and Javier J. Pérez0930
(Dec 2009)
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a general equilibrium analysis

by Javier Andrés, Samuel Hurtado, Eva Ortega and Carlos Thomas0927
(Dec 2009)
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 Full text

Distributional tests in multivariate dynamic models with Normal and Student t innovations (JEL C12, C32, C52)

by Javier Mencía and Enrique Sentana0929
(Dec 2009)
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 Full text

Empirical evidence from Spanish market (JEL M41, M48)

by Juana Aledo, Fernando García-Martínez and Juan M. Marín Diazaraque0926
(Dec 2009)
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 Full text

Monetary effects on nominal oil prices (JEL E31, E4)

by Max Gillman and Anton Nakov0928
(Dec 2009)
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 Full text

a SVAR approach (JEL H50, O30, O40)

by Ángel Estrada and José Manuel Montero0925
(Oct 2009)
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Public and private sector wages interactions in a general equilibrium mode

by Gonzalo Fernández-de-Córdoba, Javier J. Pérez and José L. Torres0924
(Oct 2009)
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does Ricardian equivalence hold? (JEL E21, E62, H30)

by Francisco de Castro and José Luis Fernández0923
(Oct 2009)
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 Full text

Technology, convergence and business cycles (JEL E3, O3, O4)

by Galo Nuño0922
(Oct 2009)
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 Full text

Do institutional changes affect business cycles? Evidence from Europe (JEL C15, C33, E32, E42)

by Fabio Canova, Matteo Ciccarelli and Eva Ortega0921
(Sep 2009)
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 Full text

On the informational role of term structure in the U.S. monetary policy rule

by Jesús Vázquez, Ramón María-Dolores and Juan-Miguel Londoño0919
(Sep 2009)
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 Full text

What makes a high-growth firm? A probit analysis using Spanish firm-level data

by Paloma López-García and Sergio Puente0920
(Sep 2009)
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Retirement behaviour and retirement incentives in Spain

by Raquel Vegas, Isabel Argimón, Marta Botella and Clara I. González0913
(Aug 2009)
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Wage, inflation and employment dynamics with labour market matching

by Kai Christoffel, James Costain, Gregory de Walque, Keith Kuester, Tobias Linzert, Stephen Millard and Olivier Pierrard0918
(Aug 2009)
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 Full text

High-growth Recoveries, Inventories and the Great Moderation

by Maximo Camacho, Gabriel Perez-Quiros and Hugo Rodríguez Mendizábal0917
(Aug 2009)
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 Full text

Housing market heterogeneity in a monetary union

by Margarita Rubio0916
(Aug 2009)
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The effect of employment protection legislation and financial market imperfections on investment: Evidence from a firm-level panel of EU

by Federico Cingano, Marco Leonardi, Julián Messina and Giovanni Pica0914
(Aug 2009)
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Cash, access to credit, and value creation in M&As (683 KB) (JEL G14, G32, G34)

by José Manuel Campa and Ignacio Hernando0915
(Jul 2009)
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 Full text

Ñ-STING: España Short Term INdicator of Growth (495 KB) (JEL C22, E27, E32)

by Maximo Camacho and Gabriel Perez-Quiros0912
(Jun 2009)
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Assessing the risk-return trade-off in loans portfolios (566 KB) (JEL C32, D81, G11, G12, G21, G28)

by Javier Mencía0911
(Jun 2009)
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What explains the low profitability of Chinese banks? (543 KB) (JEL G21, G28)

by Alicia García-Herrero, Sergio Gavilá and Daniel Santabárbara0910
(Jun 2009)
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Multivariate location-scale mixtures of normals and mean-variance-skewness portfolio allocation (1.129 KB) (JEL C32, C52, G11)

by Javier Mencía and Enrique Sentana0909
(Jun 2009)
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Job changes and individual-job specific wage dynamics (794 KB) (JEL C23, J31)

by Laura Hospido0907
(May 2009)
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The mark-ups in the Spanish economy: international comparison and recent evolution (922 KB) (JEL E23, J51, L10)

by Ángel Estrada0905
(Apr 2009)
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Extraction of financial market expectations about inflation and interest rates from a liquid market (576 KB) (JEL C53, E43, E44, G12)

by Ricardo Gimeno and José Manuel Marqués0906
(Apr 2009)
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Assimilation of immigrants in Spain: A longitudinal analysis (572KB) (JEL J31, J61)

by Mario Izquierdo, Aitor Lacuesta and Raquel Vegas0904
(Mar 2009)
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Micro evidence of the brain gain hypothesis: The case of Cape Verde (1.132 KB) (JEL F22, J24, O15)

by Catia Batista, Aitor Lacuesta and Pedro Vicente0902
(Mar 2009)
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Fixed and variable-rate mortgages, business cycles and monetary policy (737 KB)

by Margarita Rubio0903
(Feb 2009)
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International Trade Policy towards Monopoly and Oligopoly (713 KB) (JEL F12, F13)

by Praveen Kujal and Juan Ruiz0901
(Feb 2009)
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A quarterly fiscal database for the euro area based on intra-annual fiscal information

by Joan Paredes, Diego J. Pedregal and Javier J. Pérez0935
(Jan 2009)
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Is there a signalling role for public wages? Evidence for the euro area based on macro data

by Javier J. Pérez and A. Jesús Sánchez0934
(Jan 2009)
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Short-term monitoring of the Spanish Government balance with mixed-frequencies models

by Teresa Leal, Diego J. Pedregal and Javier J. Pérez0931
(Jan 2009)
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2008

The impact of alternative imputation methods on the measurement of income and wealth: Evidence from the Spanish survey of household finances (1.272 KB) (JEL C81, D10)

by Cristina Barceló0829
(Dec 2008)
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Impact of bank competition on the interest rate pass-through in the euro area (835 KB) (JEL D4, E50, G21, L10)

by Michiel van Leuvensteijn, Christoffer Kok Sørensen, Jacob A. Bikker and Adrian van Rixtel0828
(Dec 2008)
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Inflation targeting in Latin America: Empirical analysis using GARCH models (712 KB) (JEL C22, C51, E52)

by Carmen Broto0826
(Dec 2008)
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 Full text

Search cost and price dispersion in vertically related markets: the case of bank loans and deposits (575 KB) (JEL D83, G21)

by Alfredo Martín-Oliver, Vicente Salas-Fumás and Jesús Saurina0825
(Nov 2008)
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Price adjustments in a general model of state-dependent pricing (924 KB) (JEL D81, E31)

by James Costain and Anton Nakov0824
(Nov 2008)
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Determinants of domestic and cross-border bank acquisitions in the European Union (560 KB) (JEL G21, G34)

by Ignacio Hernando, María J. Nieto and Larry D. Wall0823
(Nov 2008)
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The Determinants of Budget Balances of the Regional (Autonomous) Governments (577 KB (JEL H7)

by Isabel Argimón y Pablo Hernández de Cos0803
(Oct 2008)
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Exchange rate pass-through in new Member States and candidate countries of the EU (721 KB) (JEL C23, F31, F36, F42)

by Ramón María-Dolores0822
(Oct 2008)
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Empirical analysis of corporate credit lines (836 KB) (JEL E32, G18, M21)

by Gabriel Jiménez, José A. López and Jesús Saurina0821
(Oct 2008)
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 Full text

The impact of financial position on investment: an analysis for non-financial corporations in the euro area (680 KB) (JEL C33, E22, G32, J23)

by Carmen Martínez-Carrascal and Annalisa Ferrando0820
(Sep 2008)
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Multiple safety net regulators and agency problems in the EU: Is Prompt Corrective Action partly the solution? (578 KB)

by David G. Mayes, María J. Nieto and Larry Wall0819
(Sep 2008)
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Labor market reform and price stability: an application to the Euro Area (673 KB) (JEL E31, E32, J64)

by Carlos Thomas and Francesco Zanetti0818
(Sep 2008)
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Measuring and explaining the volatility of capital flows towards emerging countries (621 KB) (JEL C22, C23, F21, F36)

by Carmen Broto, Javier Díaz-Cassou and Aitor Erce-Domínguez0817
(Sep 2008)
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Organizational distance and use of collateral for business loans (633 KB) (JEL G21, L22)

by Gabriel Jiménez, Vicente Salas-Fumás and Jesús Saurina0816
(Aug 2008)
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 Full text

Housing bubbles (765 KB) (JEL G21, R21, R31)

by Óscar J. Arce and J. David López-Salido0815
(Aug 2008)
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On the job search in a matching model with heterogeneous jobs and workers (698 KB

by Juan J. Dolado, Marcel Jansen and Juan F. Jimeno0813
(Jul 2008)
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Does immigration affect the Phillips curve? Some evidence for Spain (778 KB

by Samuel Bentolila, Juan J. Dolado and Juan F. Jimeno0814
(Jun 2008)
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Testing for conditional heteroscedasticity in the components of inflation (1.128 KB (JEL C22, C52, E31)

by Carmen Broto and Esther Ruiz0812
(Jun 2008)
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A structural model of sovereign debt issuance: assessing the role of financial factors. (822 KB

by Aitor Erce0809
(Jun 2008)
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Uncertainty and entry into export markets (624 KB

by Rubén Segura-Cayuela and Josep M. Vilarrubia0811
(Jun 2008)
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Do trade and financial linkages foster business cycle synchronization in a small economy? (555 KB

by Alicia García-Herrero and Juan M. Ruiz0810
(Jun 2008)
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 Full text

Introducing the Euro-STING: Short Term INdicator of Euro Area Growth (701 KB (JEL C22, E27, E32)

by Maximo Camacho and Gabriel Perez-Quiros0807
(Apr 2008)
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The effect of foreign service on trade volumes and trade partners (602 KB (JEL F12, F13, F15, F55)

by Rubén Segura-Cayuela and Josep M. Vilarrubia0808
(Apr 2008)
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 Full text

Search frictions, real rigidities and inflation dynamics (705 KB (JEL E32, J40)

by Carlos Thomas0806
(Mar 2008)
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 Full text

Money and the natural rate of interest: structural estimates for the United States and the euro area (1.238 KB (JEL E51, E52)

by Javier Andrés, J. David López-Salido and Edward Nelson0805
(Mar 2008)
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 Full text

Solving Portfolio Problems with the Smolyak-Parameterized Expectations Algorithm (744 KB) (JEL C68, E2)

by Ángel Gavilán and Juan A. Rojas0838
(Feb 2008)
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 Full text

Omitted variables in the measure of a labour quality index: the case of Spain (653 KB) (JEL C4, J1, J3, O4)

by Aitor Lacuesta, Sergio Puente and Pilar Cuadrado0835
(Feb 2008)
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 Full text

Sovereign external assets and the resilience of global imbalances (476 KB) (JEL E58, F21, F36, G15)

by Enrique Alberola and José María Serena0834
(Feb 2008)
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 Full text

Asymmetric collateral requirements and output composition (831 KB) (JEL E22, E32, E44)

by Óscar Arce, José Manuel Campa and Ángel Gavilán0837
(Feb 2008)
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 Full text

Wealth inequality and household structure: US (JEL D31)

by Olympia Bover0804
(Feb 2008)
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Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking? (822 KB)

by Gabriel Jiménez, Steven Ongena, José Luis Peydró and Jesús Saurina0833
(Jan 2008)
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Social Security reform with imperfect substitution between less and more experienced workers (603 KB)

by Juan A. Rojas0832
(Jan 2008)
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 Full text

Financing obstacles and growth: An analysis for euro area non-financial corporations (794 KB)

by Chiara Coluzzi, Annalisa Ferrando and Carmen Martínez-Carrascal0836
(Jan 2008)
 Abstract
 Full text

Dynamics of the price distribution in a general model of state-dependent pricing (1.040 KB) (JEL D81, E31, E52)

by James Costain and Antón Nákov0831
(Jan 2008)
 Abstract
 Full text

Term structure and the estimated monetary policy rule in the eurozone (828 KB) (JEL C32, E30, E52)

by Ramón María-Dolores and Jesús Vázquez0827
(Jan 2008)
 Abstract
 Full text

Banking competition, housing prices and macroeconomic stability (948 KB) (JEL E32, E43, E44, G21)

by Javier Andrés and Óscar Arce0830
(Jan 2008)
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 Full text

Uncertainty and the price of risk in a nominal convergence process (879 KB

by Ricardo Gimeno and José Manuel Marqués0802
(Jan 2008)
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Size, growth and bank dynamics (543 KB (JEL C23, G21, L11)

by Enrique Benito0801
(Jan 2008)
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 Full text

2007

Price determinacy under non-Ricardian fiscal strategies (756 KB (JEL E31, E42, E61)

by Óscar Arce0741
(Dec 2007)
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 Full text

Firm productivity dynamics in Spain (JEL D24, J24, L11, L25)

by Paloma López-García, Sergio Puente and Ángel Luis Gómez0739
(Dec 2007)
 Abstract
 Full text

Modelling heterogeneity and dynamics in the volatility of individual wages (JEL C23, J31)

by Laura Hospido0738
(Dec 2007)
 Abstract
 Full text

Employment risk and household formation: evidence from differences in firing costs (JEL J1, J2)

by Mario García-Ferreira and Ernesto Villanueva0737
(Dec 2007)
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 Full text

Update of the quarterly model of the Bank of Spain (JEL E10, E17, E20, E60)

by Eva Ortega, Pablo Burriel, José Luis Fernández, Eva Ferraz and Samuel Hurtado0717
(Nov 2007)
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 Full text

A new approach to measuring competition in the loan markets of the euro area (JEL D4, G21, L1)

by Michiel van Leuvensteijn, Jacob A. Bikker, Adrian van Rixtel and Christoffer Kok-Sørensen0736
(Nov 2007)
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 Full text

Oil and the Great Moderation (JEL A5, A6021, D2, E32, E52, Q43)

by Antón Nákov and Andrea Pescatori0735
(Oct 2007)
 Abstract
 Full text

Local debt expansion... vulnerability reduction: an assessment for six crisis-prone countries (JEL E6, F3, H6)

by Paloma Acevedo, Enrique Alberola and Carmen Broto0733
(Oct 2007)
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 Full text

Inequality for Wage Earners and Self-Employed: Evidence from Panel Data (JEL D12, D31, D91, E21)

by Pedro Albarrán, Raquel Carrasco and Maite Martínez-Granado0734
(Oct 2007)
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 Full text

How do intangible assets create economic value? an application to banks (JEL D21, G21)

by Alfredo Martín-Oliver and Vicente Salas-Fumas0730
(Oct 2007)
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 Full text

The transmission of emerging market shocks to global equity markets (JEL F30, F36, G15)

by Lucía Cuadro Sáez, Marcel Fratzscher and Christian Thimann0727
(Oct 2007)
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 Full text

The industrial impact of oil price shocks: evidence from the industries of six OECD countries (JEL E32, Q43)

by Rebeca Jiménez-Rodríguez0731
(Oct 2007)
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 Full text

What do micro price data tell us on the validity of the New Keynesian Phillips Curve? (JEL D40, E31)

by Luis J. Álvarez0729
(Sep 2007)
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 Full text

Temporal aggregation, systematic sampling, and the Hodrick-Prescott filter (JEL C22, C43, C82, E32, E66)

by Agustín Maravall and Ana del Río0728
(Sep 2007)
 Abstract
 Full text

Testing for competition in the Spanish banking industry: The Panzar-Rosse approach revisited (JEL G21, L10, L13)

by Luis Gutiérrez de Rozas0726
(Aug 2007)
 Abstract
 Full text

Financial governance of banking supervision (JEL D78, G21, G28, O17, P16)

by Donato Masciandaro, María J. Nieto and Henriette Prast0725
(Jul 2007)
 Abstract
 Full text

Inflation-output gap trade-off with a dominant oil supplier (JEL E31, E32, E52, Q43)

by Anton Nakov and Andrea Pescatori0723
(Jul 2007)
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 Full text

The effects of the introduction of tax incentives on retirement savings (JEL D14, H24, H55)

by Juan Ayuso, Juan F. Jimeno and Ernesto Villanueva0724
(Jul 2007)
 Abstract
 Full text

Trade patterns, trade balances and idiosyncratic shocks (JEL F32, F41)

by Claudia Canals, Xavier Gabaix, Josep M. Vilarrubia and David Weinstein0721
(Jul 2007)
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 Full text

The wise use of dummies in gravity models: export potentials in the Euromed regio (JEL F12, F14, F15)

by Juan M. Ruiz and Josep M. Vilarrubia0720
(Jul 2007)
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 Full text

The labor market effects of technology shocks (JEL E00, J60, O33)

by Fabio Canova, David López-Salido and Claudio Michelacci0719
(Jul 2007)
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 Full text

Macroeconomic modelling in EMU (JEL E17, E32, E37)

by Javier Andrés and Fernando Restoy0718
(Jul 2007)
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 Full text

Back to square one: identification issues in DSGE (JEL C10, C52, E32, E50)

by Fabio Canova and Luca Sala0715
(Jun 2007)
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 Full text

Equilibrium Exchange rates in new EU (JEL F21, F31, F32, F36)

by Enrique Alberola and Daniel Navia0708
(Jun 2007)
 Abstract
 Full text

The determinants of household credit in Spain (JEL C53, E51, R20)

by Fernando Nieto0716
(Jun 2007)
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 Full text

On the aggregate effects of immigration in Spain (JEL B79, E10, F22)

by José Mario Izquierdo, Juan F. Jimeno and Juan A. Rojas0714
(Jun 2007)
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 Full text

An assessment of basel II procyclicality in mortgage portfolios (JEL E32, G18, G21)

by Jesús Saurina and Carlos Trucharte0712
(May 2007)
 Abstract
 Full text

The reaction by industry insiders to M&As in the European financial industry (JEL G20, G34)

by José Manuel Campa and Ignacio Hernando0713
(May 2007)
 Abstract
 Full text

The stabilizing role of government size (JEL E32, E52, E63)

by Javier Andrés, Rafael Doménech and Antonio Fatás0710
(May 2007)
 Abstract
 Full text

Measurement of capital stock and input services of Spanish banks (JEL G21, G31, M41)

by Alfredo Martín-Oliver, Vicente Salas-Fumás and Jesús Saurina0711
(May 2007)
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 Full text

Modeling the distribution of credit losses with observable and latent factors (JEL E32, E37, G21)

by Gabriel Jiménez and Javier Mencía0709
(Apr 2007)
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 Full text

Global financial integration, monetary policy and reserve accumulation. Assessing the limits in emerging economies (JEL E58, F36, G15)

by Enrique Alberola and José M.ª Serena0706
(Apr 2007)
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 Full text

Parametric properties of semi-nonparametric distributions, with applications to option valuation (JEL C16, G13)

by Ángel León, Javier Mencía and Enrique Sentana0707
(Mar 2007)
 Abstract
 Full text

House prices and employment reallocation: internacional evidence (JEL J23, R32)

by Olympia Bover and Juan F. Jimeno0705
(Mar 2007)
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 Full text

Have really real interest rates fallen that much in Spain? (JEL E43, G12)

by Roberto Blanco and Fernando Restoy0704
(Feb 2007)
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 Full text

Preconditions for a successful implementation of supervisors' Prompt Corrective Action: Is there a case for a banking standard in the EU (JEL F20, G28, K23)

by María J. Nieto and Larry D. Wall0702
(Feb 2007)
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 Full text

Price setting in the euro area: some stylised facts from individual producer price data (JEL C25, D40, E31)

by Philip Vermeulen, Daniel Dias, Maarten Dossche, Erwan Gautier, Ignacio Hernando, Roberto Sabbatini and Harald Stahl0703
(Feb 2007)
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 Full text

Cost effectiveness of R&D and strategic trade policy

by Praveen Kujal and Juan Ruiz0701
(Feb 2007)
 Abstract
 Full text

The Output and Profit Contribution of Information Technology and Advertising Investments in Banks (724 KB (JEL D24, G21)

by Alfredo Martín-Oliver and Vicente Salas-Fumás0740
(Jan 2007)
 Abstract
 Full text

2006

Genetic algorithm estimation of interest rate term structure (JEL C51, C63, G12)

by Ricardo Gimeno and Juan M. Nave0634
(Dec 2006)
 Abstract
 Full text

Inefficient policies, inefficient institutions and trade (JEL F10, O10, P16)

by Rubén Segura-Cayuela0633
(Dec 2006)
 Abstract
 Full text

BEMOD: a DSGE model for the Spanish economy and the rest of the Euro area

by Javier Andrés, Pablo Burriel and Ángel Estrada0631
(Dec 2006)
 Abstract
 Full text

Employment fluctuations with downward wage rigidity: the role of moral hazard (JEL C78, E24, E32, J64)

by James Costain and Marcel Jansen0632
(Nov 2006)
 Abstract
 Full text

Option-implied preferences adjustments, density forecasts, and the equity risk premium (JEL G10, G12)

by Francisco Alonso, Roberto Blanco and Gonzalo Rubio0630
(Nov 2006)
 Abstract
 Full text

Competition and price adjustment in the euro area (JEL D40, E31)

by Luis J. Álvarez and Ignacio Hernando0629
(Oct 2006)
 Abstract
 Full text

Does limited access to mortgage debt explain why young adults live with their parents?

by Nuno Martins and Ernesto Villanueva0628
(Oct 2006)
 Abstract
 Full text

Neighborhood effects in economic growth (JEL F12, F15, F43, O11, O19)

by Josep M. Vilarrubia0627
(Oct 2006)
 Abstract
 Full text

A Q-model of labour demand

by Cristina Barceló0626
(Oct 2006)
 Abstract
 Full text

Structural breaks in labor productivity growth: the United States vs. the European Union

by Juan F. Jimeno, Esther Moral and Lorena Saiz0625
(Oct 2006)
 Abstract
 Full text

Is the internet delivery channel changing banks' performance? The case of Spanish banks

by Ignacio Hernando and María J. Nieto0624
(Sep 2006)
 Abstract
 Full text

Vector autoregressions and reduced form representations of DSGE models (JEL C13, C22, E32)

by Federico Ravenna0619
(Sep 2006)
 Abstract
 Full text

Assessing banking competition: an application to the Spanish market for (quality-changing) deposits (JEL D40, G21)

by Juan Ayuso and Jorge Martínez0623
(Aug 2006)
 Abstract
 Full text

Banks, remittances and financial deepening in receiving countries. A model (JEL D7, G20, J61)

by Enrique Alberola and Rodrigo César Salvado0621
(Aug 2006)
 Abstract
 Full text

Emigration and human capital: who leaves, who comes back and what difference does it make? (JEL C14, J10, J31)

by Aitor Lacuesta0620
(Aug 2006)
 Abstract
 Full text

Dynamic stability in repeated games (JEL B1, C70, C72)

by Sergio Puente0618
(Aug 2006)
 Abstract
 Full text

What kind of capital flows does the IMF catalyze and when? (JEL F32, F33, F34)

by Javier Díaz-Cassou, Alicia García-Herrero and Luis Molina0617
(Aug 2006)
 Abstract
 Full text

Hard or soft? Institutional reforms and infrastructure spending as determinants of foreign direct investment in China (JEL F21, F23)

by K. C. Fung and Alicia García Herrero0616
(Jul 2006)
 Abstract
 Full text

Wage inequality in Spain: recent developments (JEL J00, J30)

by Mario Izquierdo and Aitor Lacuesta0615
(Jul 2006)
 Abstract
 Full text

Earnings and capital management in alternative loan loss provision regulatory regimes (JEL G18, G21)

by Daniel Pérez, Vicente Salas and Jesús Saurina0614
(Jul 2006)
 Abstract
 Full text

Wage inequality, segregation by skill and the price of capital in an assignment model

by Ángel Gavilán0613
(Jun 2006)
 Abstract
 Full text

Credit market competition, collateral and firms' finance (JEL G21)

by Gabriel Jiménez, Vicente Salas and Jesús Saurina0612
(May 2006)
 Abstract
 Full text

Debt sustainability and procyclical fical policies in Latin America (JEL E6, F3, H6)

by Enrique Alberola and José Manuel Montero0611
(May 2006)
 Abstract
 Full text

House Prices, Rents, and Interest Rates under Collateral Constraints

by Óscar J. Arce and J. David López-Salido0610
(May 2006)
 Abstract
 Full text

House prices and rents in Spain: does the discount factor matter? (JEL G12, R21, R31)

by Juan Ayuso and Fernando Restoy0609
(Apr 2006)
 Abstract
 Full text

Business demography in Spain: determinants of firm survival (JEL G33, L11, L25, M13)

by Paloma López-García and Sergio Puente0608
(Apr 2006)
 Abstract
 Full text

Speculative hyperinflations: when can we rule them out? (JEL E31, E41, E63)

by Oscar J. Arce0607
(Apr 2006)
 Abstract
 Full text

The joint size and ownership specialization in banks' lending (JEL D23, G21)

by Javier Delgado, Vicente Salas and Jesús Saurina0606
(Apr 2006)
 Abstract
 Full text

The interaction between house prices and loans for house purchase. The Spanish case (JEL E32, G21, R21)

by Ricardo Gimeno and Carmen Martínez-Carrascal0605
(Feb 2006)
 Abstract
 Full text

The economic effects of exogenous fiscal shocks in Spain: a Svar approach

by Francisco de Castro and Pablo Hernández de Cos0604
(Feb 2006)
 Abstract
 Full text

Housing tenure and labour mobility: a comparison across European countries (JEL J31, J61, R20)

by Cristina Barceló0603
(Feb 2006)
 Abstract
 Full text

Social Security Reform with Uninsurable Income Risk and Endogenous Borrowing Constraints

by Juan A. Rojas and Carlos Urrutia0602
(Feb 2006)
 Abstract
 Full text

Real exchange rates, dollarization and industrial employment in Latin America (JEL E24, F31, F34, G32)

by Arturo Galindo, Alejandro Izquierdo and José Manuel Montero0601
(Feb 2006)
 Abstract
 Full text

Current accounts in the Euro area: an intertemporal approach (JEL F32, F36)

by José Manuel Campa and Ángel Gavilán0638
(Jan 2006)
 Abstract
 Full text

Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate

by Anton Nakov0637
(Jan 2006)
 Abstract
 Full text

Using standstills to manage sovereign debt crises (JEL D82, F02, K41)

by Aitor Erce Domínguez0636
(Jan 2006)
 Abstract
 Full text

2005

Sticky prices in the euro area: a summary of new micro evidence (JEL C25, D40, E31)

by Luis J. Álvarez, Enmanuel Dhyne, Marco M. Hoeberichts, Claudia Kwapil, Hervé Le Bihan, Patrick Lünnemann, Fernando Martins, Roberto Sabbatini, Harald Stahl, Philip Vermeulen and Jouko Vilmunen0542
(Dec 2005)
 Abstract
 Full text

Is the volatility of the EONIA transmitted to longer-term euro money market interest rates?

by Francisco Alonso and Roberto Blanco0541
(Dec 2005)
 Abstract
 Full text

Can fundamentals explain cross-country correlations of asset returns? (JEL E44, G12, G15)

by Fernando Restoy and Rosa Rodríguez0540
(Dec 2005)
 Abstract
 Full text

Market power and bank interest rate adjustments. (JEL D40, L11)

by Raquel Lago-González and Vicente Salas-Fumás0539
(Nov 2005)
 Abstract
 Full text

Exchange rate pass through to import prices in the euro area. (JEL F3, F4)

by José Manuel Campa, Linda S. Goldberg and José M. González-Mínguez0538
(Nov 2005)
 Abstract
 Full text

The price setting behaviour of Spanish firms: evidence from survey data. (JEL D40, E31)

by Luis J. Álvarez and I. Hernando0537
(Nov 2005)
 Abstract
 Full text

The pricing behaviour of firms in the Euro area: new survey evidence. (JEL D40, E30)

by S. Fabiani, M. Druant, I. Hernando, C. Kwapil, B. Landau, C. Loupias, F. Martins, T. Mathä, R. Sabbatini, H. Stahl and A. Stokman0536
(Oct 2005)
 Abstract
 Full text

Reflections on fiscalist divergent price-paths. (JEL E31, E42, E61)

by Oscar J. Arce0533
(Oct 2005)
 Abstract
 Full text

Exchange rate dynamics in economies with portfolio rigidities . (JEL D8, F10, F31, F41)

by Beatriz de-Blas-Pérez0532
(Oct 2005)
 Abstract
 Full text

Credit cycles, credit risk, and prudential regulation. (JEL E32, G18, G21)

by Gabriel Jiménez and Jesús Saurina0531
(Oct 2005)
 Abstract
 Full text

A test of the law of one price in retail banking.

by Alfredo Martín, Vicente Salas-Fumás and Jesús Saurina0530
(Oct 2005)
 Abstract
 Full text

Public sector wage gaps in Spanish regions.

by J. Ignacio García-Pérez and Juan F. Jimeno0526
(Sep 2005)
 Abstract
 Full text

Price setting in the euro area: Some stylized facts from Individual Consumer Price Data. (JEL C25, D40, E31)

by Emmanuel Dhyne, Luis J. Álvarez, Hervé Le Bihan, Giovanni Veronese, Daniel Dias, Johannes Hoffmann, Nicole Jonker, Patrick Lünnemann, Fabio Rumler and Jouko Vilmunen0528
(Sep 2005)
 Abstract
 Full text

Price setting behaviour in Spain: evidence from micro PPI data. (JEL D40, E31)

by Luis J. Álvarez, Pablo Burriel and Ignacio Hernando0527
(Sep 2005)
 Abstract
 Full text

The mix of international banks'foreign claims: determinants and implications. (JEL F36, F37, G21)

by Alicia García-Herrero and María Soledad Martínez-Pería0525
(Sep 2005)
 Abstract
 Full text

An application of the Tramo Seats automatic procedure; direct versus indirect adjustment.

by Agustín Maravall0524
(Sep 2005)
 Abstract
 Full text

Say you fix, enjoy and relax: the deleterious effect of peg announcements on fiscal discipline.

by Enrique Alberola Ila, Luis Molina Sánchez and Daniel Navia Simón0523
(Aug 2005)
 Abstract
 Full text

Wealth effects on consumption: microeconometric estimates from the Spanish survey of household finances. (JEL D91)

by Olympia Bover0522
(Aug 2005)
 Abstract
 Full text

Sticky-Price Models and the Natural Rate Hypothesis

by Javier Andrés, J. David López-Salido and Edward Nelson0521
(Aug 2005)
 Abstract
 Full text

Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve

by Jordi Galí, Mark Gertler and J. David López-Salido0520
(Aug 2005)
 Abstract
 Full text

Banking integration in Europe (JEL F36, G18, G21)

by Daniel Pérez, Vicente Salas-Fumás y Jesús Saurina0519
(Aug 2005)
 Abstract
 Full text

Do european business cycles look like one? (JEL C22, C74, C74, C8, E32, F02, F4)

by Máximo Camacho, Gabriel Pérez-Quirós y Lorena Saiz0518
(Aug 2005)
 Abstract
 Full text

Does China have an impact on foreign direct investment to Latin America? (JEL F21, F3)

by Alicia García-Herrero and Daniel Santabárbara0517
(Aug 2005)
 Abstract
 Full text

M&As performance in the European financial industry

by José Manuel Campa and Ignacio Hernando0516
(Aug 2005)
 Abstract
 Full text

How individual capital requirements affect capital ratios in UK banks and building societies

by Isaac Alfon, Isabel Argimón and Patricia Bascuñana-Ambrós0515
(Jul 2005)
 Abstract
 Full text

Inflation differentials in EMU: the Spanish case

by J. David López Salido, Fernando Restoy and Javier Vallés0514
(Jun 2005)
 Abstract
 Full text

Skill mix and technology in Spain: evidence from firm level data

by Adela Luque0513
(Jun 2005)
 Abstract
 Full text

The impact of unsecured debt on financial distress among british households (JEL C25, D14, D91)

by Ana del Río and Garry Young0512
(May 2005)
 Abstract
 Full text

The determinants of unsecured borrowing: evidence from the british household panel survey (JEL C21, D14, E21)

by Ana del Río and Garry Young0511
(May 2005)
 Abstract
 Full text

Dual employment protection legislation: a framework for analysis (JEL J63, J64)

by Juan J. Dolado, Marcel Jansen and Juan F. Jimeno0510
(May 2005)
 Abstract
 Full text

The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education: a general framework and some results for the EU

by Ángel de la Fuente and Juan Francisco Jimeno0509
(May 2005)
 Abstract
 Full text

Do decreasing hazard functions for price changes make any sense? (JEL C40, D40, E30)

by Luis J. Álvarez, Pablo Burriel and Ignacio Hernando0508
(Apr 2005)
 Abstract
 Full text

Jump-and-rest effect of U.S. business cycles (JEL C22, E27, E32)

by Máximo Camacho and Gabriel Pérez-Quirós0507
(Apr 2005)
 Abstract
 Full text

Interest rate dispersion in deposit and loan markets (JEL D83, G18)

by Alfredo Martín, Jesús Saurina and Vicente Salas0506
(Mar 2005)
 Abstract
 Full text

The role of global risk aversion in explaining Latin American sovereign spreads (JEL E43, F3, F34)

by Alicia García-Herrero and Álvaro Ortiz0505
(Feb 2005)
 Abstract
 Full text

Testing the forecasting performace of IBEX 35 option implied risk neutral densities

by Francisco Alonso, Roberto Blanco and Gonzalo Rubio0504
(Feb 2005)
 Abstract
 Full text

Sectoral mark-up dynamics in Spain (JEL D43, E32)

by Ángel Estrada and J. David López-Salido0503
(Feb 2005)
 Abstract
 Full text

Cross-country differences in monetary policy transmission (JEL C53, E37, E52)

by Robert-Paul Berben, Alberto Locarno, Julian Morgan and Javier Vallés0502
(Feb 2005)
 Abstract
 Full text

The fiscal theory of the price level: a narrow theory for non-fiat money (JEL E31, E42, E61)

by Oscar J. Arce0501
(Jan 2005)
 Abstract
 Full text

2004

Price setting behaviour in Spain: stylised facts using consumer price micro data (JEL C25, D40, E31)

by Luis J. Álvarez and Ignacio Hernando0422
(Dec 2004)
 Abstract
 Full text

What makes balance sheet effects detrimental for the country risk premium? (JEL F31, F34, F41)

by Juan Carlos Berganza and Alicia García-Herrero0423
(Jan 2004)
 Abstract
 Full text

Household borrowing and consumption in Spain (JEL E20, E21, E51)

by Carmen Martínez-Carrascal and Ana del Río0421
(2004)
 Abstract
 Full text

Determinants of collateral

by Gabriel Jiménez, Vicente Salas and Jesús Saurina0420
(2004)
 Abstract
 Full text

A useful tool to identify recessions in the euro-area (JEL C22, C32, E32, E37)

by Pilar Bengoechea and Gabriel Pérez-Quirós0419
(2004)
 Abstract
 Full text

The short-term impact of government budgets on prices: evidence from macroeconometrics models (JEL E17, E31, E62)

by Jérôme Henry, Pablo Hernández de Cos and Sandro Momigliano0418
(2004)
 Abstract
 Full text

Combining filter design with model based filtering (with an application to business cycle estimation) (JEL C22, C80, E32, E37)

by Regina Kaiser and Agustín Maravall0417
(2004)
 Abstract
 Full text

An empirical approximation of the natural rate of interest and potential growth

by Marta Manrique and José Manuel Marqués0416
(2004)
 Abstract
 Full text

On monetary policy rules for the euro area (JEL E0, E4, E5)

by Miguel Casares0415
(2004)
 Abstract
 Full text

Collateral, type of lender and relationship banking as determinants of credit risk (JEL G21)

by Gabriel Jiménez and Jesús Saurina0414
(2004)
 Abstract
 Full text

A quarterly macroeconometric model of the Spanish Economy (JEL E10, E13, E17)

by Ángel Estrada, José Luis Fernández, Esther Moral and Ana V. Regil0413
(2004)
 Abstract
 Full text

Do european primarily internet banks show scale and experience efficiencies?

by Javier Delgado, Ignacio Hernando and María J. Nieto0412
(2004)
 Abstract
 Full text

A synthetic indicator of financial pressure for spanish firms

by Andrew Benito, Francisco Javier Delgado and Jorge Martínez Pagés0411
(2004)
 Abstract
 Full text

Tobin´s imperfect asset substitution in optimizing general equilibrium

by Javier Andrés, J. David López-Salido and Edward Nelson0409
(2004)
 Abstract
 Full text

Are european business cycles close enough to be just one (JEL C22, E32, F02)

by Máximo Camacho, Gabriel Pérez-Quirós and Lorena Saiz0408
(2004)
 Abstract
 Full text

Interest rate determination in the interbank market

by Vítor Gaspar, Gabriel Pérez Quirós and Hugo Rodríguez Mendizábal0407
(2004)
 Abstract
 Full text

Tango with the gringo: the hard peg and real misalignment in Argentina (JEL F31, F41)

by Enrique Alberola, Humberto López and Luis Servén0405
(2004)
 Abstract
 Full text

Similarities and convergence in G-7 cycles

by Fabio Canova, Matteo Ciccarelli and Eva Ortega0404
(2004)
 Abstract
 Full text

An economic analysis of education externalities in the matching process of UK regions (1992-99)

by Pablo Burriel-Llombart0403
(2004)
 Abstract
 Full text

What does really discipline fiscal policy in emerging markets? The role and dynamics of exchange rate regimes

by Enrique Alberola and Luis Molina0402
(2004)
 Abstract
 Full text

An empirical analysis of the dynamic relationship between investment grade bonds and credit default swaps

by Roberto Blanco, Simon Brennan and Ian W. Marsh0401
(2004)
 Abstract
 Full text

2003

Understanding the effects of government spending on consumption (JEL E32, E62)

by Jordi Galí , J. David López Salido and Javier Vallés0321
(2003)
 Abstract
 Full text

Rule-of-thumb consumers and the design of interest rate rules (JEL E32, E52)

by Jordi Galí , J. David López Salido and Javier Vallés0320
(2003)
 Abstract
 Full text

The impact of financial variables on firms' real decisions: evidence from Spanish firm-level data (JEL C33, E22, G32, J23)

by Ignacio Hernando and Carmen Martínez-Carrascal0319
(2003)
 Abstract
 Full text

Demographic Maturity and Economic Performance: The Effect of Demographic Transitions on Per Capita GDP Growth (JEL J13, J16, O11)

by Rafael Gómez and Pablo Hernández de Cos0318
(2003)
 Abstract
 Full text

Contagion and portfolio shift in emerging countries' sovereign bonds (JEL F30, F33, G12, G15)

by Antonio Díez de los Ríos and Alicia García Herrero0317
(2003)
 Abstract
 Full text

Balance sheet effects and the country risk premium: an empirical investigation (JEL F3, F31, F34)

by Juan Carlos Berganza, Roberto Chang and Alicia García Herrero0316
(2003)
 Abstract
 Full text

Financial stability and the design of monetary policy (JEL E44, E52, G21)

by Alicia García Herrero and Pedro del Río0315
(2003)
 Abstract
 Full text

Automatic stabilizers, fiscal rules and macroeconomic stability (JEL E32, E52, E63)

by Javier Andrés and Rafael Doménech0314
(2003)
 Abstract
 Full text

The daily market for funds in Europe: what has changed with the EMU (JEL E44, E52)

by Gabriel Pérez Quirós and Hugo Rodríguez Mendizábal0313
(2003)
 Abstract
 Full text

Labour demand, flexible contracts and financial factors: new evidence from Spain

by Andrew Benito and Ignacio Hernando0312
(2003)
 Abstract
 Full text

The macroeconomic effects of fiscal policy in Spain (JEL E32, E62)

by Francisco de Castro0311
(2003)
 Abstract
 Full text

The capital structure decisions of firms: is there a pecking order? (JEL G32)

by Andrew Benito0310
(2003)
 Abstract
 Full text

Misalignment, liabilities dollarization and exchange rate adjustment in Latin America (JEL C23, F31, F41)

by Enrique Alberola0309
(2003)
 Abstract
 Full text

Technology shocks and job flows (JEL E00, J60, O00)

by Claudio Michelacci and David López-Salido0308
(2003)
 Abstract
 Full text

Analysis of house prices in Spain

by Jorge Martínez Pagés and Luis Angel Maza0307
(2003)
 Abstract
 Full text

Capacity utilization and Monetary Policy (JEL E13, E31, E42, E52)

by Pedro Pablo Álvarez Lois0306
(2003)
 Abstract
 Full text

Persistent inflation differentials in Europe

by Eva Ortega0305
(2003)
 Abstract
 Full text

House prices and rents: an equilibrium asset pricing approach

by Juan Ayuso and Fernando Restoy0304
(2003)
 Abstract
 Full text

The incidence and persistence of dividend omissions by Spanish firms (JEL C23, E52, G35)

by Andrew Benito0303
(2003)
 Abstract
 Full text

The euro area inefficiency gap (JEL E3)

by Jordi Galí, Mark Gertler and J. David López-Salido0302
(2003)
 Abstract
 Full text

Market structure and inflation differentials in the European Monetary Union

by Javier Andrés, Eva Ortega and Javier Vallés0301
(2003)
 Abstract
 Full text

2002

Is the European Central Bank (and the United States Federal Reserve) predictable? (JEL C22, E52)

by Gabriel Pérez Quirós and Jorge Sicilia0229
(2002)

 Full text

Extricate: Financial Pressure and Firm Behaviour in Spain

by Andrew Benito and Ignacio Hernando0227
(2002)

 Full text

Financial pressure, monetary policy effects and inventory adjustment by UK and Spanish firms (JEL E22, E52)

by Andrew Benito0226
(2002)

 Full text

Does Job Insecurity Affect Household Consumption? (JEL D12, E21)

by Andrew Benito0225
(2002)

 Full text

Are capital buffers pro-cyclical? Evidence from Spanish panel data

by Juan Ayuso, Daniel Pérez and Jesús Saurina0224
(2002)

 Full text

Value creation in European M&As (JEL G34, G38, L44)

by Jose Manuel Campa and Ignacio Hernando0223
(2002)

 Full text

Asymmetric Shocks, Risk Sharing, and the Latter Mundell (JEL E5, F3, F42)

by Klaus Desmet0222
(2002)

 Full text

The Credibility of Central Bank Announcements (JEL E52, E58)

by Marco Hoeberichts0221
(2002)

 Full text

Differences in exchange rate pass-through in the euro area

by José Manuel Campa and Jose M. González Mínguez0219
(2002)

 Full text

Latin American Financial Development in Perspective (JEL C82, G20)

by Alicia García Herrero, Javier Santillán, Sonsoles Gallego, Lucía Cuadro and Carlos Egea:0216
(2002)

 Full text

Inflation persistence and optimal monetary policy in the Euro Area

by Pierpaolo Benigno and J. David López-Salido0215
(2002)

 Full text

Financial constraints and investment in France and Spain: a comparison using firm level data

by Ignacio Hernando and André Tiomo0214
(2002)

 Full text

The quest for nominal and real convergence through integration in Europe and Latin America

by Enrique Alberola, Ana Buisán and Santiago Fernández de Lis0213
(2002)

 Full text

The Spanish block of the ESCB-Multi-Country model (JEL E10, E13, E17)

by Alpo Willman and Ángel Estrada0212
(2002)

 Full text

Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank

by Alberto Cabrero, Gonzalo Camba-Mendez, Astrid Hirsch and Fernando Nieto0211
(2002)

 Full text

Financial Pressure and Balance Sheet Adjustment by UK Firms (JEL C23, E52, G35)

by Andrew Benito and Garry Young0209
(2002)

 Full text

A Complete Model-Based Interpretation of the Hodrick-Prescott Filter: Spuriousness Reconsidered

by Regina Kaiser and Agustín Maravall0208
(2002)

 Full text

An Application of TRAMO-SEATS: Automatic Procedure and Sectoral Aggregation

by Agustín Maravall0207
(2002)

 Full text

Understanding spanish dual inflation

by Ángel Estrada and J. David López-Salido0205
(2002)

 Full text

Markups, gaps, and the welfare costs of business fluctuations (JEL E3)

by Jordi Galí, Mark Gertler and J. David López-Salido0204
(2002)

 Full text

The contribution of ICT to economic activity: a growth accounting exercise with Spanish firm-level data (JEL D24, L63, O33)

by Ignacio Hernando and Soledad Núñez0203
(2002)

 Full text

2001

Money in an Estimated Business Cycle Model of the Euro Area

by Javier Andrés, J. David López-Salido and Javier Vallés0121
(2001)

 Full text

The euro-area government securities markets. Recent developments and implications for market functioning

by Roberto Blanco0120
(2001)

 Full text

Firm investment and monetary policy transmission in the euro area (JEL E22, E50)

by J.B. Chatelain, A. Generale, I. Hernando, U. von Kalckreuth and P. Vermeulen0119
(2001)

 Full text

Financial systems and the role of banks in monetary policy transmission in the euro area (JEL C23, E44, E52, G21)

by Michael Ehrmann, Leonardo Gambacorta, Jorge Martínez-Pagés, Patrick Sevestre and Andreas Worms0118
(2001)

 Full text

Is there a bank lending channel of monetary policy in spain (JEL C23, E44, E52, G21)

by Ignacio Hernando and Jorge Martínez Pagés0117
(2001)

 Full text

Sectoral and Aggregate Technology Growth in Spain

by Ángel Estrada y J. David López-Salido0116
(2001)

 Full text

Estimating inflation expectations using French government inflation-indexed bonds

by Francisco Alonso, Roberto Blanco and Ana del Río0111
(2001)

 Full text

Time Aggregation and the Hodrick-Prescott Filter

by Agustín Maravall and Ana del Río0108
(2001)

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Inflation Targeting Under Asymmetric Preferences

by Francisco J. Ruge-Murcia0106
(2001)

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Why Did the Banks Overbid? An Empirical Model of the Fixed Rate Tenders of the European Central Bank

by Juan Ayuso and Rafael Repullo0105
(2001)

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Three Exchange Rate Regimes and a Monetary Union: Determinacy, Currency Crises, and Welfare (JEL D52, D60, D84, F31, F42)

by Carsten Krabbe Nielsen0104
(2001)

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Evaluating the dynamics of fiscal policy in Spain: patterns of interdependence and consistency of public expenditure and revenues

by Francisco de Castro, José Manuel González-Páramo and Pablo Hernández de Cos0103
(2001)

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The interaction of firing costs and on-the-job search: an application of a search theoretic model to the Spanish labour market

by Ravi Balakrishnan0102
(2001)

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Job Creation under Liquidity Constraints: the Spanish Case

by Silvio Rendón0101
(2001)

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