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Mostrando ítems 11-20 de 48
Identity, incentives and motivational capital in public organizations
(2014)
Documento de trabajo / Lan gaiak,
This paper explores optimality of contracts and incentives when the principal (public organization) can undertake investments to change agents’ (public workers) identity. In the model, workers within the organization can ...
Reflexiones sobre la sanidad pública en España en el horizonte de 2020
(2013)
Documento de trabajo / Lan gaiak,
Este trabajo pretende desarrollar una visión para el Sistema Nacional de Salud (SNS) en la perspectiva del año 2020. Partiendo de una evaluación de la situación actual del sistema sanitario y a la luz de los principios que ...
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 ...
The great moderation of inflation: a structural analysis of recent U.S. monetary business cycles
(2012)
Documento de trabajo / Lan gaiak,
U.S. inflation has experienced a great moderation in the last two decades. This paper examines the factors behind this and other stylized facts, such as the weaker correlation of inflation and nominal interest rate (Gibson ...
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 ...