Economics Working Papers

from Department of Economics and Business, Universitat Pompeu Fabra
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137: The Poor Stay Poor: Non-Convergence across Countries and Regions

Fabio Canova and Albert Marcet

136: The Equity Premium and the Risk Free Rate: A Cross Country, Cross Maturity Examination

Fabio Canova and Gianni De Nicolo

135: International Consumption Risk Sharing

Fabio Canova and Morten Ravn

134: Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy

Casey Mulligan and Xavier Sala-i-Martin

133: Measuring the Stability of Histogram Appearance when the Anchor Position is Changed

Jeffrey S. Simonoff and Frederic Udina

132: The Dynamics of Research Networks in Brite-Euram

Walter Garcia-Fontes and Aldo Geuna

131: The Algebraic Equality of Two Asymptotic Tests for the Hypothesis that a Normal Distribution Has a Specified Correlation Matrix

Heinz Neudecker and Albert Satorra

130: Fair Pricing of Deposit Insurance. Is it Possible? Yes. Is it Desirable? No

Xavier Freixas and Jean Charles Rochet

129: Option Pricing under Stochastic Volatility and Stochastic Interest Rate in the Spanish Case

Marc Sáez

128: Bands Width, Credibility and Exchange Risk: Lessons from the EMS Experience

Marta Gómez-Puig and José García Montalvo

127: Compact Matrix Expressions for Generalized Wald Tests of Equality of Moment Vectors

Albert Satorra and Heinz Neudecker

126: Asymptotic Robustness in Multi-Sample Analysis of Multivariate Linear Relations

Albert Satorra

125: Intertemporal Cournot and Walras Equilibrium: An Illustration

Tito Cordella and Manjira Datta

124: Death, Tetanus, and Aerobics: The Evaluation of Disease-Specific Health Interventions

William H. Dow, Jessica Holmes, Tomas Philipson and Xavier Sala-i-Martin

123: The Impact of Post Industrial Society on the Accounting Compromise-Experience in the UK and Spain

Oriol Amat and John Blake

122: Why is Consumption so Seasonal?

Andrew Scott

121: Arbitrage, Bubbles, and Valuation

Jan Werner

120: Productivity and the Density of Economic Activity

Antonio Ciccone and Robert E. Hall

119: Solving Capability of LCA

Serguei Maliar, Igor Kozin and Vitali Perepelitsa

118: LCA Solvability of Chain Covering Problem

Serguei Maliar and Vitali Perepelitsa

117: The Classical Approach to Convergence Analysis

Xavier Sala-i-Martin

116: Technological Diffusion, Convergence, and Growth

Robert J. Barro and Xavier Sala-i-Martin

115: Supply Side Interventions and Redistribution

Teresa Garcia-Milà, Albert Marcet and Eva Ventura

114: Bargaining and Value

Sergiu Hart and Andreu Mas-Colell

113: Does Detrending Matter for the Determination of the Reference Cycle and the Selection of Turning Points?

Fabio Canova

112: Measuring Aggregate Human Capital

Casey Mulligan and Xavier Sala-i-Martin

111: Bills of Exchange as Money: Sources of Monetary Supply during the Industrialization in Catalonia (1844-74)

Xavier Cuadras-Morató and Joan R. Rosés

110: ARCH Patterns in Cointegrated Systems

Marc Sáez and Robert M. Kunst

109: Interactive Local Bandwidth Choice

J. S. Marron and Frederic Udina

108: A Positive Theory of Social Security

Xavier Sala-i-Martin

107: Human Capital, Heterogeneous Agents and Technological Change

José Mª Bailén and Luis Rivera-Batiz

106: A Labor-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States

Casey Mulligan and Xavier Sala-i-Martin

105: Credit Constraints in General Equilibrium: Experimental Results

Antoni Bosch-Domènech and Joaquim Silvestre

104: Regional Cohesion: Evidence and Theories of Regional Growth and Convergence

Xavier Sala-i-Martin

103: Cross-Industry Entry: the Case of a Small Developing Economy

Walter Garcia-Fontes, Ruben Tansini and Marcel Vaillant

102: An Evolutionary Model of Development of a Credit Market

Maria Saez Marti

101: Are Large Windows Efficient? Evolution of Learning Rules in a Bargaining Model

Maria Saez Marti

100: Actual' versus 'Virtual' Employment in Europe: Why is there Less Employment in Spain?

Ramon Marimon and Fabrizio Zilibotti

99: Price Formation and Order Placement Strategies in a Dynamic Order Driven Market

Thierry Foucault

98: Was Prometheus Unbound by Chance? Risk, Diversification and Growth

Daron Acemoglu and Fabrizio Zilibotti

97: Regional Linkages through European Research Funding

Alfonso Gambardella and Walter Garcia-Fontes

96: Competitive Location in Discrete Space

Daniel Serra and Charles Revelle

95: Modelos Autorregresivos para la Varianza Condicionada Heteroscedastica (ARCH)

Marc Sáez and Jorge V. Pérez Rodríguez

94: Why do Owners Let their Managers Pay too much for their Acquisitions?

Ramon Faulí and Massimo Motta

93: National Enterprise. Spanish Big Manufacturing Firms (1917-1990), between State and Market

Albert Carreras and Xavier Tafunell

92: The Wage Effect of an Indexation Clause: Evidence from Spanish Manufacturing Firms

Sergi Jimenez-Martin

91: Tracking the Invisible Hand: Convergence of Double Auctions to Competitive Equilibrium

Antoni Bosch-Domènech and Shyam Sunder

90: Management's Response to Finance Lease Capitalization in Spain

John Blake, Oriol Amat and Julia Clarke

89: Bank Financial Analyst's Response to Lease Capitalization in Spain

Oriol Amat, John Blake and Julia Clarke

88: Basic Research, Product Innovation, and Growth

Jose M. Bailén