In this paper we provide an empirical test of the Fisher effect using cointegration techniques, where the existence of instabilities in the cointegrating or long-run relationships is explicitly tested. The analysis was applied to the UK, a country that has been subject to potentially stronger...

In this paper we re-examine the long-run sustainability of budget deficits, when fiscal policy is conducted as a nonlinear process. Our empirical methodology makes use of recent developments on threshold cointegration that consider the possibility of a nonlinear relationship between government...

In this paper we examine whether the conventional result of a greater degree of integration leading to lower price-cost margins (i.e., the pro-competitive effect), would hold when two countries integrate by forming a common market. We propose a general framework of reference, in order to assess...

Traditional Phillips curves relating inflation to a measure of the level of activity, and augmented to include past inflation (assumed to proxy expected inflation), have been thought to be highly unstable over time. In this paper we try to investigate, using recent econometric developments,...

In this paper, we propose a new methodology for the assessment of EU’s regional policies, making use of the HERMIN macroeconometric model. A major feature of our approach is that allows us to compare the actual evolution of the economy under analysis, with and without European funds, so that...

In this paper we examine the role of nonlinearities in the relationship between nominal interest rates and inflation, in order to shed some additional light on the mostly unfavorable evidence on the presence of a full Fisher effect. The analysis is applied to the case of Spain for the period...

In this paper we study the feasibility of estimating a monetary value for a QALY (MVQ). Using two different surveys of the Spanish population (total n=892), we consider whether willingness to pay (WTP) is (approximately) proportional to the health gains measured in QALYs. We also explore whether...

Nuestro trabajo tiene fundamentalmente dos objetivos. El primero consiste en analizar con detalle qué características y probabilidades de empleo presentan los puestos vacantes gestionados por el Servicio Andaluz de Empleo (SAE). El segundo consiste en contrastar en qué grado el proceso de...

El objetivo fundamental de este trabajo es analizar la competitividad de la industria agroalimentaria, y dentro de ella, del sector cárnico de las regiones españolas a partir de elementos como la productividad, los costes salariales y la seguridad alimentaria.

La investigación, desarrollada con datos de 2007 a 2010, propone medidas concretas para la búsqueda eficaz de empleo mediante la metodología de clusters, que permite suministrar a cada demandante, de forma individualizada, toda la información que necesita para poder conocer las opciones de...