In this paper we examine the role of nonlinearities in the relationship between nominal interest rates and inflation, in order to shed some additional light on the mostly unfavorable evidence on the presence of a full Fisher effect. The analysis is applied to the case of Spain for the period...

Recent cross-country studies suggest that finance and economic growth are significantly related. The characteristics and geographical scope of this relationship has become central to explain differences in economic development. Two concepts are highly relevant in this context. Firstly, financial...

This paper investigates the effect of poverty and good intentions on dictator game giving. Previous experimental studies in which information was supplied to dictators about recipients have shown that dictator giving increases overall in this context. We develop a new design of standard informed...

This paper presents two versions of an applied general equilibrium model for the regional economy of Andalusia, Spain, that differ in the Public Sector behavior. We intend to exemplify the use of a model with these characteristics to analyze the impact that the reform of the personal income tax...

Los profesores de la Universidad de Granada, Betty Agnani y Henry Aray Casanova, analizan en este Documento de Trabajo el efecto en el crecimiento económico de las regiones españolas a partir de las diferentes combinaciones de partidos políticos que gobiernan tanto a nivel central como...

In this paper, we define simple measures of two properties that social choice functions may embody in different degrees in public goods environments. First, a measure of solidarity is proposed such that Thomson's (1990) replacement monotonicity property is a particular case in which the full...

In this paper we analyze the convergence properties of the moving bounds algorithm to initialize the Parameterized Expectations Algorithm suggested by Maliar and Maliar (2003) [Journal of Business and Economic Statistics 1, pp. 88-92]. We carry out a Monte Carlo experiment to check its...

The Common Agricultural Policy (CAP) is a widely debated policy in terms of both its budget and its instruments. In order to serve the citizens of Europe properly, CAP requires optimal identification of the public objectives desired. This paper aims to analyse the relative weights that citizens...

This paper presents an optimal fiscal policy response to address the basic tradeoff between the automatic stabilisation properties of budgets and the long run fiscal positions. The framework is an overlapping generations model `a la Weil (1989), extended to account for stochastic endowments and...

This paper tests the consistency of health utility measurements with individual preferences. We compare three methods, the time trade-off, the standard gamble and a version of the standard gamble that corrects for the deviations from expected utility modelled by prospect theory. Individual...