Now showing items 1-4 of 4

    • Data revisions in the estimation of DSGE models 

      Casares Polo, Miguel Upna; Vázquez, Jesús (2011)   Documento de trabajo / Lan gaiak  OpenAccess
      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 

      Casares Polo, Miguel Upna; Moreno, Antonio Upna; Vázquez, Jesús (2010)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...
    • A portfolio-choice model to analyze the recent gross capital flows between Canada and the US 

      Casares Polo, Miguel Upna; Villar Olano, Alba del (2019)   Documento de trabajo / Lan gaiak  OpenAccess
      We calibrate a two-country New Keynesian model with endogenous portfolio choice and valuation effects to discuss the determinants of the increase in Canadian Net Foreign Assets with the US observed after 2012. Furthermore, ...
    • The term structure as a predictor of real economic growth: a general equilibrium approach 

      Domínguez Irastorza, Emilio José Upna; Novales, Alfonso (1997)   Documento de trabajo / Lan gaiak  OpenAccess
      Consistent empirical evidence has recently been brought up about the forecasting ability of the term estructure of nominal interes rates, relative to future economic activity. However, there has not been chch work that ...