Working Papers

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1504: REAL WAGE RESPONSIVENESS TO UNEMPLOYMENT IN SPAIN: ASYMMETRIES ALONG THE BUSINESS CYCLE

Paulino Font, Mario Izquierdo and Sergio Puente

1503: SPAIN: FROM IMMIGRATION TO EMIGRATION?

Mario Izquierdo, Juan F Jimeno and Aitor Lacuesta

1502: FINANCE FOR ALL: THE IMPACT OF FINANCIAL LITERACY TRAINING IN COMPULSORY SECONDARY EDUCATION IN SPAIN

Laura Hospido, Ernesto Villanueva and Gema Zamarro

1501: The Spanish productivity puzzle in the Great Recession

Laura Hospido and Eva Moreno-Galbis

1431: Contract staggering and unemployment during the great recession: evidence from Spain

Luis Díez-Catalán and Ernesto Villanueva

1430: Measuring urban agglomeration. A refoundation of the mean city-population size index

Andrè Lemelin, Fernando Rubiera-Morollón and Ana Gómez-Loscos

1429: Flight-to-liquidity flows in the euro area sovereign debt crisis

Juan Ángel García and Ricardo Gimeno

1428: Sovereign ratings and their asymmetric response to fundamentals

Carmen Broto and Luis Molina Sánchez

1427: Inflation dynamics in a model with firm entry and (some) heterogeneity

Javier Andrés and Pablo Burriel

1426: Productivity and welfare: an application to the Spanish banking industry

Alfredo Martín Oliver, Sonia Ruano Pardo and Vicente Fumás

1425: Real-time forecasting us GDP from small-scale factor models

Maximo Camacho and Jaime Martinez-Martin

1424: The impact of financial (de)regulation on current account balances

Enrique Moral-Benito and Oliver Roehn

1423: The two greatest. Great recession vs. great moderation

María Gadea, Ana Gómez-Loscos and Gabriel Pérez-Quirós

1422: The public sector wage premium in Spain: evidence from longitudinal administrative data

Laura Hospido and Enrique Moral-Benito

1421: Structural reforms in a debt overhang

Javier Andrés, Oscar Arce and Carlos Thomas

1420: The automatic adjustment of pension expenditures in Spain:an evaluation of the 2013 pension reform

Alfonso R. Sánchez

1419: Heterogeneous responses to effective tax enforcement: evidence from Spanish firms

Miguel Almunia and David Lopez-Rodriguez

1418: Signalling fiscal stress in the euro area: A country-specific early warning system

Pablo Hernández de Cos, Enrique Moral-Benito, Gerrit Koester and Christiane Nickel

1417: From bismarck to beveridge: the other pension reform in Spain

J. Ignacio Conde-Ruiz and Clara Gonzalez

1416: A toolkit to strengthen government budget surveillance

Diego J. Pedregal, Javier Pérez and A. Jesúss Sánchez-Fuentes

1415: Household debt and uncertainty: Private consumption after the Great Recession

Angel Estrada, Eva Valdeolivas, Javier Valles and Daniel Garrote

1414: Banking crises and sovereign defaults in emerging markets: exploring the links

Irina Balteanu and Aitor Erce

1413: Correlations

Paul Ehling and Christian Heyerdahl-Larsen

1412: When does cash matter? Evidence for private firms

Paul Ehling and David Haushalter

1411: Consumption in the shadow of unemployment

Rodolfo Campos and Iliana Reggio

1410: Short-sale constraints and financial stability: Evidence from the Spanish market

Oscar Arce and Sergio Mayordomo

1409: Third-country relations in the directive establishing a framework for the recovery and resolution of credit institutions

María J. Nieto

1408: Fiscal policies in Spain: Main stylises facts revisited

Francisco de Castro Fernández, Francisco Martí, Antonio Montesinos, Javier Pérez and A. Jesús Sánchez-Fuentes

1407: Price-cost mark-ups in the Spanish economy: a microeconomic perspective

José Manuel Montero and Alberto Urtasun

1406: Do the drivers of loan dollarisation differ between cesee and Latin America? a meta-analysis

Mariya Hake, Fernando López-Vicente and Luis Molina Sánchez

1405: Entrepreneurship and enforcement institutions: Disaggregated evidence for Spain

Miguel Garcia-Posada and Juan Mora-Sanguinetti

1404: Measuring bank competition in China: A comparison of new versus conventional approaches applied to loan markets

Bing Xu, Adrian Rixtel and Michiel Van Leuvensteijn

1403: The structure of sub-natural public debt: Liquidity vs credit risk

Javier Pérez and Rocío Prieto

1402: Sovereign debt markets in turbulent times: creditor discrimination and crowding-out effects

Fernando Broner, Alberto Martin, Jaume Ventura and Aitor Erce

1401: Countries’ safety and competitiveness, and the estimation of current account misalignments

Teresa Sastre and Francesca Viani

1323: Meeting our D€STINY. A Disaggregated €uro area Short Term INdicator model to forecast GDP (Y) growth

Pablo Burriel and María Isabel García-Belmonte

1322: Measurement error in imputation procedures

Rodolfo Campos and Iliana Reggio

1321: Employment polarisation in Spain over the course of the 1997-2012 cycle

Brindusa Anghel, Sara de la Rica and Aitor Lacuesta

1320: The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions

Olympia Bover, Jose Casado, Ernesto Villanueva, Sónia Costa, Philip Du Caju, Yvonne McCarthy, Eva Sierminska, Panagiota Tzamourani and Tibor Zavadil

1319: The impact of interbank and public debt markets on the competition for bank deposits

Carlos Pérez Montes

1318: Short-term forecasting for empirical economists. A survey of the recently proposed algorithms

Maximo Camacho, Gabriel Perez-Quiros and Pilar Poncela

1317: Retirement patterns of couples in Europe

Laura Hospido and Gema Zamarro

1316: Agglomeration matters for trade

Roberto Ramos and Enrique Moral-Benito

1315: Are there alternatives to bankruptcy? a study of small business distress in Spain

Miguel Garcia-Posada and Juan Mora-Sanguinetti

1314: Disentangling contagion among sovereign cds spreads during the european debt crisis

Carmen Broto and Gabriel Perez-Quiros

1313: Growth beyond imbalances. Sustainable growth rates and output gap reassessment

Enrique Alberola, Angel Estrada and Daniel Santabárbara

1312: Does income deprivation affect people’s mental well-being?

Maite Blázquez Cuesta and Santiago Budria Rodriguez

1311: Fiscal delegation in a monetary union with decentralized public spending

Henrique Basso and James Costain

1310: DSGE Models and the Lucas critique

Samuel Hurtado

1309: Fiscal multipliers in turbulent times: the case of Spain

Pablo Hernández de Cos and Enrique Moral-Benito