In this paper we explore the macroeconomic effects of the structural funds assigned to Spain in the "Agenda 2000". The total amount of these funds is 213 billions of euros for the 2000-2006 period, 18 billions of such amount corresponding to the Cohesion Fund. Spain will receive 56.6 billions of...

This paper analyses whether volatility changes in the real exchange rates (RERs) of the OECD industrial countries are associated with a specific nominal exchange rate regime. To that end, we examine RER behaviour during the period 1960-2003, thereby covering both the Bretton Woods system of...

In this paper we propose a new approach to evaluate the predictable components in stock indices using a boosting-based classification technique, and we use this method to examine causality among the three main stock market indices in the world during periods of large positive price changes. The...