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Now showing items 11-20 of 53
Detecting collusion: An application of the synthetic control method
(2022)
The Spanish antitrust authorities charged car makers with information sharing and collusion in the Spanish market in the period 2006 - 2013. Using data on car prices for models sold in a set of European countries, in the ...
The impact of COVID-19 confinement in the Euro Area: a Bayesian DSGE approach
(2020)
With the aim of providing a preliminary forecast of the economic repercussion of the recent confinement, we estimate a canonical medium-scale dynamic stochastic general equilibrium model (DSGE) for the Euro Area economy, ...
Fiscal policy asymmetries and the sustainability of government debt in the Euro Area
(2020)
This paper empirically analyzes fiscal policy sustainability and the cyclicality in 19 Euro Area countries using data on government debt, primary deficit and the output gap. We investigate this over quarterly intervals, ...
The sensitivity of estimated DSGE models to alternative data vintages
(2020)
This paper considers the estimation of a structural DSGE model with three alternative macroeconomic data vintages corresponding to the first-release (real-time data), the third-release data, and the highly revised data to ...
Earnings-based vs assets-based borrowing constraints and their impact on output
(2020)
We present an overlapping generations model in order to assess the quantitative effects of financial frictions on output depending on the type of loan contract. Financial frictions are one of the major obstacles of the ...
Geometry of Diffusion: structure of connectivity and systemic risk in financial networks.
(2021)
Ever since the 2008 global financial crises, both scholars and practitioners have argued that the interconnectivity of financial and banking networks is a key determinant of global systemic risk. Employing a simple diffusion ...
Supported degree: a new network measure
(2021)
Since interaction between people exists at all levels of human activity, understanding how the patterns of interactions shape behavior and performance of network members is a key question across social sciences.
This ...
Common p-belief in rationality in centipede games
(2020)
Centipede Games represent a classic puzzle in game theory. In this work, we employ p-beliefs to show that almost any behavior is consistent with rationality and almost Common Belief in Rationality. However, Common p-Belief ...
Analyzing the beginning of the career path of young professionals from a gender perspective
(2020)
Young graduates are confronted with rough conditions when they want to enter the labor market. They face higher unemployment rates and are more often engaged in precarious employment, like part-time and/ or temporary ...
The need for requalification in the Spanish labour market: mapping employment with workplace skills
(2021)
This study addresses the empirical relationship between job tasks and employment share changes in Spain for the period 1997-2019. To do so, we use the novel European representative data on skills/tasks ESCO. Overall, we ...