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Short run and long run effects of banking in a New Keynesian model
(2010)
Documento de trabajo / Lan gaiak,
This paper introduces both endogenous capital accumulation and deposit-in-advance requirements for investment in the banking model of Goodfriend and McCallum (2007). Impulse response functions from technology and monetary ...
Data revisions in the estimation of DSGE models
(2011)
Documento de trabajo / Lan gaiak,
Revisions of US macroeconomic data are not white-noise. They are persistent, correlated with real-time data, and with high variability (around 80% of volatility observed in US real-time data). Their business cycle effects ...
An estimated new-Keynesian model with unemployment as excess supply of labor
(2010)
Documento de trabajo / Lan gaiak,
As one alternative to search frictions, wage stickiness is introduced in a New-Keynesian model to generate endogenous unemployment fluctuations due to mismatches between labor supply and labor demand. The effects on an ...
Attitudes towards blood and living organ donations
(2010)
Documento de trabajo / Lan gaiak,
We model the decision of whether or not to become a blood/living organ donor. The expected utility for becoming a donor is a function of the degree of altruism, the consumption of goods, the costs of donation, the very ...
Claim problems and egalitarian criteria
(2010)
Documento de trabajo / Lan gaiak,
The paper presents a unified framework where claim and cost sharing problems are jointly analyzed. Both problems have the following common characteristic: given a proposal the agents valuate the suitability of the proposal ...
Non anonymous ballot aggregation: an axiomatic generalization of Approval Voting
(2011)
Documento de trabajo / Lan gaiak,
We study axiomatically situations in which the society agrees to treat voters with different characteristics distinctly. In this setting, we propose a set of six intuitive axioms and show that they jointly characterize a ...
Fiscal decentralization and internal conflict: an empirical investigation
(2013)
Documento de trabajo / Lan gaiak,
This paper examines the relationship between fiscal decentralization and internal conflict in 77 countries during the period 1972-2000. The results show that the devolution of scal power to subnational tiers of government ...
On firm-level, industry-level, and aggregate employment fluctuations
(2013)
Documento de trabajo / Lan gaiak,
Employment fluctuations are examined, at different levels of aggregation, in a dynamic model that provides firm-specific hiring decisions due to search frictions and sticky pricing. The results indicate that firm-level ...
Comparing the psychometric properties of the EQ-5D-5L between mental and somatic chronic patients populations
(2013)
Documento de trabajo / Lan gaiak,
The validity and reliability of the EQ-5D-5L in comparison with the standard 3L has been tested through the analysis of psychometric properties making use of different samples of patients. However, it is likely that the ...
Negative externalities in cropping decisions: private versus common land
(2013)
Documento de trabajo / Lan gaiak,
This paper analyzes to what extent the definition of property rights affects cropping decisions when these decisions generate negative externalities. To that end, we implement an experimental study where agents make cropping ...