Working Papers

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2003_0310: Modelling Optimal Instrumental Variables for Dynamic Panel Data Models

Manuel Arellano

2003_0309: Inflation Targets and the Liquidity Trap

Matt Klaeffling and Víctor López Pérez

2003_0308: Loan Pricing Under Basel Capital Requirements

Rafael Repullo and Javier Suarez

2003_0307: Spanish Unemployment: The End of the Wild Ride?

Samuel Bentolila and Juan F Jimeno

2003_0306: On the Validity of the Jarque-Bera Normality Test in Conditionally Heteroskedastic Dynamic Regression Models

Gabriele Fiorentini, Enrique Sentana and Giorgio Calzolari

2003_0305: Pricing Risk in Economies with Heterogenous Agents and Incomplete Markets

Josep Pijoan-Mas

2003_0304: Estimating Dynamic Panel Data Discrete Choice Models with Fixed Effects

Jesus Carro

2003_0303: Wage Indexation and Inflation Persistence

Víctor López Pérez

2003_0302: Housing Tenure and Labour Mobility: A Comparison Across European Countries

Cristina Barceló

2003_0301: Patent Licensing Revisited: Heterogeneous Firms and Product Differentiation

Ruben Hernandez-Murillo and Gerard Llobet

2002_0208: Capital Requirements, Market Power and Risk-Taking in Banking

Rafael Repullo

2002_0207: Precautionary Savings and Wealth Distribution Under Habit Formation Preferences

Antonia Díaz, Josep Pijoan-Mas and José-Víctor Ríos-Rull

2002_0206: A Theory of Endogenous Commitment

Guillermo Caruana and Liran Einav

2002_0205: Career Concerns and Contingent Compensation

Guillermo Caruana and Marco Celentani

2002_0204: Likelihood-Based Estimation of Latent Generalised ARCH Structures

Gabriele Fiorentini, Enrique Sentana and Neil Shephard

2002_0203: Incomplete Wage Posting

Claudio Michelacci and Javier Suarez

2002_0202: A Dynamic Model of Contraceptive Choice of Spanish Couples

Jesus Carro and Pedro Mira

2002_0201: Low Returns in R&D Due to the Lack of Entrepreneurial Skills

Claudio Michelacci

2001_0110: Sargan's Instrumental Variable Estimation and GMM

Manuel Arellano

2001_0109: Last Bank Standing: What Do I Gain If You Fail?

Enrico Perotti and Javier Suarez

2001_0108: Stranded Costs: An Overview

José Antonio García Martín

2001_0107: Cournot Competition with Stranded Costs

José Antonio García Martín

2001_0106: Spot Market Competition with Stranded Costs in the Spanish Electricity Industry

José Antonio García Martín

2001_0105: Mean-Variance Portfolio Allocation with a Value at Risk Constraint

Enrique Sentana

2001_0104: Why Did the Banks Overbid? An Empirical Model of the Fixed Rate Tenders of the European Cental Bank

Juan Ayuso and Rafael Repullo

2001_0103: Managerial Compensation and the Market Reaction to Bank Loans

Andres Almazan and Javier Suarez

2001_0102: Patent Litigation When Innovation Is Cumulative

Gerard Llobet

2001_0101: Discrete Choices with Panel Data

Manuel Arellano

2000_0016: Panel Data Models: Some Recent Developments

Manuel Arellano and Bo Honoré

2000_0015: A Model of Takeovers of Foreign Banks

Rafael Repullo

2000_0014: An Economic Analysis of Corporate Directors' Fiduciary Duties

María Gutiérrez

2000_0013: A Contractual Approach to the Regulation Corporate Directors' Fiduciary Duties

María Gutiérrez

2000_0012: Rewarding Sequential Innovators: Prizes, Patents and Buyouts

Gerard Llobet, Hugo Hopenhayn and Matthew Mitchell

2000_0011: A Model of the Open Market Operations of the European Central Bank

Juan Ayuso and Rafael Repullo

2000_0010: Unemployment and Consumption: Are Job Losses Less Painful Near the Mediterranean?

Samuel Bentolila and Andrea Ichino

2000_0009: Business Creation and the Stock Market

Claudio Michelacci and Javier Suarez

2000_0008: Income Uncertainty and Precautionary Saving: Evidence from Household Rotating Panel Data

Pedro Albarrán

2000_0007: The Score of Conditionally Heteroskedastic Dynamic Regression Models with Student t Innovations, and an LM Test for Multivariate Normality.Versión Revisada

Gabriele Fiorentini, Enrique Sentana and Giorgio Calzolari

2000_0006: An Options-Based Analysis of Emerging Market Exchange Rate Expectations: Brazil's Real Plan, 1994-1999

Jose Campa, P.H. Kevin Chang and James F. Refalo

2000_0005: Constrained EMM and Indirect Inference Estimation. Versión Revisada

Giorgio Calzolari, Gabriele Fiorentini and Enrique Sentana

2000_0004: Will EMU Increase Eurosclerosis?

Gilles Saint-Paul and Samuel Bentolila

2000_0003: Managers and Directors: A Model of Strategic Information Transmission

María Gutiérrez

2000_0002: Altruism with Endogenous Labor Supply. Versión Revisada

Ana Fernandes

2000_0001: Factor Representing Portfolios in Large Asset Markets.Versión Revisada

Enrique Sentana

1999_9914: Dynamics and Seasonality in Quarterly Panel Data: An Analysis of Earnings Mobility in Spain

Javier Álvarez

1999_9913: Who Should Act as a Lender of Last Resort? An Incomplete Contracts Model

Rafael Repullo

1999_9912: The Trade-Off Between Liquidity and Control Revisited

Antonio S. Mello and Rafael Repullo

1999_9911: Sharing Default Information as a Borrower Discipline Device

A. Jorge Padilla and Marco Pagano

1999_9910: Conflicts of Interest, Employment Decisions, and Debt Restructuring: Evidence from Spanish Firms in Financial Distress

A. Jorge Padilla and Alejandro Requejo

1999_9909: Equilibrium Search Models: The Role of the Assumptions

J. Ignacio García-Pérez