with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to … test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …

The aim of this paper is to evaluate various aspects of a family friendly law (Act 39/99) approved in Spain in 1999 …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … contracts and the less restrictive rules regarding the use of the latter contracts in Spain. Using a calibrated search and …

This article analyzes changes in the occupational employment share in Spain for the period 1997-2012 and the way … explain the polarization process in Spain during the years of expansion (1997-2007) but it is a minor factor during the …

This research examines wage differentials associated to different collective bargaining regimes in Spain and their …

This paper studies short-time work arrangements (ERTEs) when aggregate risk is partially sector-specific. In Spain, the …

of a whole business cycle, i.e. 2000‐2013. We focus on Spain – a country hit hard by unemployment increases in downturns …. Our results indicate that unemployment outs are crucial in understanding changes in unemployment rates in Spain …