Search Results - person:"Hernando, Ignacio"

IMF precautionary facilities and their use in Latin America (Las líneas del FMI para aseguramiento y prevención de crisis y su uso en Latinoamérica)

Gallego Herrero, Sonsoles; Garrido, Isabel; Hernando, … - 2023

English abstract: Between 2009 and 2010, in response to the global financial crisis, the International Monetary Fund created a number of lending tools to pre-empt and insure against crises. These pre-emptive facilities were intended for countries with sound economic fundamentals and policies,...

Persistent link: https://www.econbiz.de/10014257237

IMF precautionary facilities and their use in Latin America

Gallego, Sonsoles; Garrido, Isabel; Hernando, Ignacio - 2022

Persistent link: https://www.econbiz.de/10014286662

The Price Setting Behaviour of Spanish Firms : Evidence from Survey Data

Álvarez, Luis J.; Hernando, Ignacio - 2021

This paper reports the results of a survey carried out by the Banco de Espana on a sample of around 2000 Spanish firms to deepen the understanding of firms' price setting behaviour. The main findings may be summarised as follows. Most Spanish firms are price setters that use predominantly...

Persistent link: https://www.econbiz.de/10013318219

The pricing behaviour of firms in the euro area : new survey evidence

Fabiani, Silvia; Druant, Martine; Hernando, Ignacio; … - 2005

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks. Overall, more than 11,000 firms participated in the survey. The results are very robust across countries. Firms operate in monopolistically...

Persistent link: https://www.econbiz.de/10011625558

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The Pricing Behaviour of Firms in the Euro Area : New Survey Evidence

Fabiani, Silvia; Druant, Martine; Hernando, Ignacio; … - 2021

Book / Working Paper

The Pricing Behaviour of Firms in the Euro Area : New Survey Evidence

Fabiani, Silvia - 2011

Book / Working Paper

Price Setting Behaviour in Spain : Evidence from Micro Ppi Data

Álvarez, Luis J.; Burriel, Pablo; Hernando, Ignacio - 2021

This paper identifies the basic features of price setting behaviour at the producer level in the Spanish economy using a large dataset containing the micro data underlying the construction of the PPI over the period 1991-1999. It explores how these general features are affected by some specific...

Persistent link: https://www.econbiz.de/10013318325

Do Decreasing Hazard Functions for Price Changes Make Any Sense?

Álvarez, Luis J.; Burriel, Pablo; Hernando, Ignacio - 2021

A common finding in empirical studies using micro data on consumer and producer prices is that hazard functions for price changes are decreasing. This means that a firm will have a lower probability of changing its price the longer it has kept it unchanged. This result is at odds with standard...

Persistent link: https://www.econbiz.de/10013318655

Does Inflation Harm Economic Growth? Evidence for the OECD

Andrés, Javier; Hernando, Ignacio - 2021

The purpose of this paper is to study the correlation among growth and inflation at the OECD level, within the framework of the so-called convergence equations, and to discuss whether this correlation withstands a number of improvements in the empirical models, which try to address the most...

Persistent link: https://www.econbiz.de/10013218315

Price Setting Behavior in Spain : Stylized Facts Using Consumer Price Micro Data

Álvarez, Luis J.; Hernando, Ignacio - 2021

This paper identifies the basic features of the price setting mechanism in the Spanish economy, using a large dataset that contains over 1.1 million price records and covers around 70% of the expenditure on the CPI basket. In particular, the paper identifies differences in the frequency and size...

Persistent link: https://www.econbiz.de/10013318916

Private saving : new cross-country evidence based on Bayesian techniques

Hernando, Ignacio; Pablos, Irene; Santabárbara, Daniel; … - 2018

Persistent link: https://www.econbiz.de/10011799675

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Private Saving. New Cross-Country Evidence Based on Bayesian Techniques

Hernando, Ignacio - 2018

Book / Working Paper

Price Setting in the Euro Area : Some Stylised Facts from Individual Producer Price Data

Dias, Daniel - 2016

This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following...

Persistent link: https://www.econbiz.de/10012991151