This paper provides an empirical test of the Fisher effect and of the real interest parity. The objetive is to determinate the behavior of the ex-ante real interest that condicionate the intertemporal savings and investment decisions. The method used is the time series properties of the data,...

This paper analyzes the determinants of the corporate cash holding for a sampleof companies listed in the Spanish stock market. The results show that the firms have acorporate cash holding target level, and that this level is greater in companies withgreater cash flows. On the other hand, cash...

This paper addresses the incorporation of in-kind public transfers in the studies on income and welfare distribution. More precisely, we focus on the analysis of the effect the inclusion of public education has on income distribution. Therefore, we've added the estimated value of public...