The current debate over the possible existence of a "new economy" calls for an interpretation and analysis of the phenomenon from various points of view. Thus, the first part of the article contains a description of some of its main characteristics viewed both from the microeconomic and...

En el presente trabajo estudiamos los determinantes económicos e institucionales en la relación mercado de trabajo y desigualdad salarial en el Gran Buenos Aires durante el período 1980-1999. La hipótesis principal de este trabajo es que las variaciones en los niveles de desigualdad salarial...

In this paper we provide an empirical evaluation of the effects of a cut in social security contributions (i) for all types of labour, and (ii) only for unskilled labour, within a computable general equilibrium model simulated for the Spanish economy. The model allows firms to follow a...

This paper explores the economic eects of international immigration in Spain by constructing a CGE model. We are mainly concerned about the issue of labor mobility across sectors. In our simulations, we rst restrict immigrants to work in a small set of industries receiving wages that are below...

This paper analyzes the period-to-period changes that occur in an optimizing monetary model with uncertainty and sticky prices. Money is incorporate in its role as a medium of exchange through a time-cost transactions techonolgy. Another important characteristic of the model is that both capital...

The objective of this paper is to develop a general framework for the macroeconomic modelling of monetary unions, which could be useful for policy analysis, as well as for teaching purposes. Our starting point will be the standard twocountry Mundell-Fleming model with perfect capital mobility,...

Este trabajo estudia el papel desempeñado por el cambio estructural en el proceso de convergencia en productividad experimentado por las regiones europeas entre 1977 y 1990. Para ello se va a proceder a la estimación de ecuaciones de convergencia con datos regionales de sección cruzada...

This work analyzes the problem of individual choice of actions under complete uncertainty. In this context, each action consists of a set of dierent possible outcomes with no probability distribution associated with them. The work examines and de nes a class of choice procedures in which: a):...