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The process of wage adjustment: an analysis using establishment-level data
(2013)
Documento de trabajo / Lan gaiak,
In this article, we use data from Spanish manufacturing plants to analyze the determinants of the importance attributed to several criteria when wages are adjusted. More specifically, the criteria we take into account in ...
Entry and exit in recent US business cycles
(2015)
Documento de trabajo / Lan gaiak,
I show evidence indicating that the variability of the total number of business units (establishments) has significantly increased in recent US business cycles, accounting for nearly 2/3 of real GDP fluctuations during the ...
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 ...
Firm entry under financial frictions
(2011)
Documento de trabajo / Lan gaiak,
Introducing both endogenous firm entry and a requirement for external finance in a general-equilibrium model leads to three main results. First, the financial constraint has contractionary effects on both equity investment ...
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 ...
EQIS 1.0 user guide
(2011)
Documento de trabajo / Lan gaiak,
Where is QALY? The search of values for QALYs (Quality Adjusted Life Years) in the field of Health Economics is not easy. Economic Evaluations, particularly cost-utility analysis, should be of standard practice, but the ...