Listar Artículos de revista DE - ES Aldizkari artikuluak por autor UPNA "Galdón Sánchez, José Enrique"
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The determinants of pay settlements. The influence of the national context
This article studies the influence of national context and collective bargaining on the factors taken into account when adjusting wages. Using data from Spanish and British manufacturing establishments, we examine the ... -
Loan production and monetary policy
The authors examine optimal monetary policy in a New Keynesian model with unemployment and financial frictions where banks produce loans using equity as collateral. Firms and households demand loans to finance externally ... -
On financial frictions and firm's market power
There are two opposing welfare effects of market power in a model with monopolistic competition, loan defaults and moral hazard. The loss of output produced if firms set a higher mark-up over marginal costs confronts with ... -
Rethinking fiscal rules
The Covid 19 pandemic has caused both a decrease in tax revenues and an increase in public spending, forcing governments to increase fiscal deficits to unprecedented levels. Given these circumstances, it is foreseeable ...