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Long run analysis in alternative optimizing monetary models
(2001)
Documento de trabajo / Lan gaiak,
This paper explores the transmission channel from monetary variables to real variables in the steady-rate equilibria of various neoclassical optimizing models with money. The existence of superneutrality is rejected for ...
How much are people willing to pay for silence? A one and half bound DC CV estimate
(2001)
Documento de trabajo / Lan gaiak,
Noise is a major urban problem that has not received much attention from environmental economists. In this paper we present an attempt to value a noise reduction program in a Spanish city. Contingent valuation has been ...
Dynamic analysis in an optimizing monetary model with transaction costs and endogenous investment
(2001)
Documento de trabajo / Lan gaiak,
This paper analyzes the period-to-period changes that occur in an optimizing monetary model with uncertainty and sticky prices. Money is incorporate in its role as a medium of exchange through a time-cost transactions ...
Business cycle and monetary policy analysis in a structural sticky price model of the euro area
(2001)
Documento de trabajo / Lan gaiak,
Structural models are a powerful tool for business cycle and monetary policy analysis because they are assumed to be invariant to either policy changes or external shocks. In this paper, we derive a neoclassical monetary ...
Las reglas de política monetaria en la actuación del Banco de España: 1978-1998
(2001)
Documento de trabajo / Lan gaiak,
La especificación de la función de reacción del banco central en los términos propuestos por Taylor (1993), permite conocer en qué medida la política monetaria diseñada e instrumentada es sensible a dos objetivos básicos ...
Dismissal conflicts and unemployment
(2001)
Documento de trabajo / Lan gaiak,
Firing costs are often blamed for unemployment. In this paper, we investigate this widespread belief theoretically. Firing costs are introduced in an efficiency wage model to capture their effects on employment through ...
Internalising externalities: are cogeneration subsidies high enough?
(2001)
Documento de trabajo / Lan gaiak,
This paper evaluates the Spanish system of environmental subsidies for cogeneration processes and analyses their capacity to overcome these barriers. In particular, we focus on the role and relevance of the monetary aids ...
The debate surrounding the new economy: an approach for an analysis
(2001)
Documento de trabajo / Lan gaiak,
The current debate over the possible existence of a 'new economy' calls for an interpretation and analysis of the phenomenon from various points of view. Thus, the first part of the article contains a description of some ...
Reducing social contributions on unskilled labour as a way of fighting unemployment: an empirical evaluation for the case of Spain
(2001)
Documento de trabajo / Lan gaiak,
In this paper we provide an empirical evaluation of the effects of a cut in social security contributions (i) for all types of labour, and (ii) only for unskilled labour, within a computable general equilibrium model ...
A general framework for the macroeconomic analysis of monetary unions
(2001)
Documento de trabajo / Lan gaiak,
The objective of this paper is to develop a general framework for the macroeconomic modelling of monetary unions, which could be useful for policy analysis, as well as for teaching purposes. Our starting point will be the ...