Now showing items 1-20 of 158

    • On staggered prices and optimal inflation 

      Aguilera Bravo, Asier; Casares Polo, Miguel Upna (2019)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper computes the steady-state optimal rate of inflation assuming two different sticky-price specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal rate of inflation ...
    • A portfolio-choice model to analyze the recent gross capital flows between Canada and the US 

      Casares Polo, Miguel Upna; Villar, 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, ...
    • A structural analysis of US entry and exit dynamics. Technical appendix 

      Casares Polo, Miguel Upna; Khan, Hashmat; Poutineau, Jean-Christophe (2018)   Documento de trabajo / Lan gaiak  OpenAccess
      A. The optimizing programs of the model and other technical details (pages 1-7) B. Short-run and long-run equilibria in the DSGE model with endogenous entry and exit (pages 8-12) C. Average productivity (pages 13-15) D. ...
    • A structural analysis of US entry and exit dynamics 

      Casares Polo, Miguel Upna; Khan, Hashmat; Poutineau, Jean-Christophe (2018)   Documento de trabajo / Lan gaiak  OpenAccess
      The authors report empirical evidence indicating that US business formation has recently turned more volatile, procyclical and persistent due to changes in exit dynamics. To study these stylized facts, we estimate a DSGE ...
    • Fair competition design 

      Arlegi Pérez, Ricardo Upna; Dimitrov, Dinko (2018)   Documento de trabajo / Lan gaiak  OpenAccess
      We study the impact of two basic principles of fairness on the structure of competition systems and perform our analysis by focusing on sports competitions. The first principle states that equally strong players should ...
    • Trade-offs in health investments: HIV, malaria and malnutrition 

      García Prado, Ariadna Upna; Miñés Belío, Sandra (2017)   Documento de trabajo / Lan gaiak  OpenAccess
      While life expectancy has increased worldwide during the last decades, the developing world is still losing millions of lives each year due to three pervasive illnesses: Malaria, HIV and Chronic Malnutrition. This work ...
    • Why are labor markets in Spain and Germany so different? 

      Casares Polo, Miguel Upna; Vázquez, Jesús (2016)   Documento de trabajo / Lan gaiak  OpenAccess
      The volatility of unemployment fluctuations has been about 3 times higher in Spain than in Germany over the recent business cycles (1996-2013). In contrast, fluctuations of the rate of wage inflation were significantly ...
    • Business dynamism and economic growth: U.S. regional evidence 

      Casares Polo, Miguel Upna; Khan, Hashmat (2016)   Documento de trabajo / Lan gaiak  OpenAccess
      We document empirical evidence on the determinants of U.S. regional growth over the last 25 years, with a special attention to the role of entrepreneurial activity or `business dynamism'. The main data source is the Business ...
    • Does globalization promote civil war? An empirical research 

      Ezcurra Orayen, Roberto Upna; Manotas Hidalgo, Beatriz Upna (2015)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper investigates the empirical relationship between globalization and in-trastate conflict in a sample of 160 countries over the period 1970-2009. To that end, we use a measure of globalization that distinguishes ...
    • Entry and exit in recent US business cycles 

      Casares Polo, Miguel Upna (2015)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...
    • Strategy-proof location of public facilities 

      Alcalde Unzu, Jorge Upna; Vorsatz, Marc (2015)   Documento de trabajo / Lan gaiak  OpenAccess
      Agents frequently have different opinions on where to locate a public facility. While some agents consider the facility a good and prefer to have it nearby, others dislike it and would like to see it built far away from ...
    • A pilot inquiry on incentives and intrinsic motivation in health care: the motivational capital explained by doctors 

      Berdud, Mikel Upna; Cabasés Hita, Juan Manuel Upna; Nieto Vázquez, Jorge Upna (2014)   Documento de trabajo / Lan gaiak  OpenAccess
      Where the contracts are incomplete, the resulting co-ordination problems may be attenuated if workers are intrinsically motivated to do the work. It is established by theoretical and empirical literature that workers within ...
    • Motivational capital and incentives in health care organizations 

      Berdud, Mikel Upna; Cabasés Hita, Juan Manuel Upna; Nieto Vázquez, Jorge Upna (2014)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper explores optimal incentive schemes in public health institutions when agents (doctors) are intrinsically motivated. We develop a principal-agent dynamic model with moral hazard in which agents’ intrinsic motivation ...
    • Identity, incentives and motivational capital in public organizations 

      Berdud, Mikel Upna; Cabasés Hita, Juan Manuel Upna; Nieto Vázquez, Jorge Upna (2014)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...
    • Fiscal decentralization and internal conflict: an empirical investigation 

      Ezcurra Orayen, Roberto Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      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 

      Casares Polo, Miguel Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...
    • Negative externalities in cropping decisions: private versus common land 

      Benito Ostolaza, Juan Miguel Upna; Ezcurra Orayen, Roberto Upna; Osés Eraso, Nuria Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...
    • Incentives to give up resource extraction and avoid the tragedy of the commons 

      Benito Ostolaza, Juan Miguel Upna; Osés Eraso, Nuria Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper develops a general model of common resource extraction where we introduce payments for environmental services to encourage resource users to give up extraction. The goal is to reach a balance between resource ...
    • The process of wage adjustment: an analysis using establishment-level data 

      Bayo Moriones, José Alberto Upna; Galdón Sánchez, José Enrique Upna; Martínez de Morentin, Sara Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...
    • Comparing the psychometric properties of the EQ-5D-5L between mental and somatic chronic patients populations 

      Cabasés Hita, Juan Manuel Upna; Errea, María Upna; Hernández Arenaz, Íñigo Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...