Browsing DFAEII by Author "Vázquez, Jesús"
Now showing items 21-25 of 25
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The New Keynesian Monetary Model: Does it Show the Comovement Between Output and Inflation in the U.S.?
María-Dolores, Ramón; Vázquez Pérez, Jesús(University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
This paper analyzes the performance of alternative versions of the New Keynesian monetary (NKM) model in order to replicate the comovement observed between output and inflation during the Greenspan era. Following Den Haan ... -
The role of the term spread in an augmented Taylor rule: An empirical investigation
Vázquez Pérez, Jesús(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)
Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of an augmented version of the Taylor rule (ATR) that (i) allows for the presence of switching regimes, (ii) considers the ... -
Time Variation in an Optimal Asymmetric Preference Monetary Policy Model
Cassou, Steven P.; Vázquez Pérez, Jesús(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
This paper considers a time varying parameter extension of the Ruge-Murcia (2003, 2004) model to explore whether some of the variation in parameter estimates seen in the literature could arise from this source. A time ... -
Trend analysis in two standard growth models
Restrepo Ochoa, Sergio I.; Vázquez Pérez, Jesús(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)
This paper analyzes the trend processes characterized by two standard growth models using simple econometrics. The first model is the basic neoclassical growth model that postulates a deterministic trend for output. The ... -
Unions, Monetary Shocks and the Labour Market Cycle
Fernández de Córdoba, Gonzalo; Vázquez Pérez, Jesús(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
This paper provides a new growth model by considering strategic behaviour in the supply of labour. Workers form a labour union with the aim of manipulating wages in their own benefit. We analyse the implications on labor ...