Los dos objetivos de este trabajo son medir las ganancias de calidad de las que se ha beneficiado el automovil en España en los ultimos años y estimar el sesgo de calidad del indice de precios del automovil publicado por el INE. Para ello, proponemos una metodologia alternativa para la...

(resumen en la version española: 'Mejoras de calidad e indices de precios del automovil en España')

This paper extends the standard neoclassical model by considering a technology sector through which an economy with limited human capital attempts to catch up with a given "locomotive" pushing exogenously technical progress. In periods of technological stagnation, economies close enough to the...

This paper develops a theory of optimal fertility behavior under mortality shocks. In an OLG model, young adults determine their optimal fertility, labor supply and life-cycle consumption with both exogenous child and adult mortality risks. We show that a rise in adult mortality exerts an...

We develope a growth accounting method using the whole neoclassical growth model. We obtain three primary findings from our analysis of the U.S. economy during 1954-2017. First, the efficiency wedges in the entire period accurately account for the evolution of U.S. productivity and labor share....

I develop a neoclassical growth model in which the government accumulates contestable social infrastructure. In this framework, both a more accountable and more fairness governance encourages governmental accumulation of social infrastructure which fosters productivity. According to the...

We develop a neoclassical growth model with imperfect property rights in which predation entails both waste of resources and deadweight losses, the latter becoming very large when the predation rate is high. According to the model, in the United States, the welfare costs of crime represent a...

We conduct Business Cycle Accounting analyses for both the Euro Area and the United States. If the observed changes in the factor income shares reflect the frictionless competitive adjustment of productive factors, then we find that the capital-efficiency wedge was the main force driving the...

Our Business Cycle Accounting exercise reveals that both capital and investment efficiency declines played a prominent role in accounting for the output downturn during the U.S. Great Recession. The evidence indicates that an increase in firms’ investment costs may have played a substantial...

Our Business Cycle Accounting exercise reveals that both capital and investment efficiency declines played a prominent role in accounting for the output downturn during the U.S. Great Recession. The evidence indicates that an increase in firms’ investment costs may have played a substantial...