Published as an article in: Investigaciones Economicas, 2005, vol. 29, issue 3, pages 483-523.

The implementation of the European Commission Services Directive initiated the modernization process of services markets within the European Union. The objective was to guarantee the creation of a single market by ensuring the freedom of establishment and circulation. The transposition of the...

This paper investigates the role that INTERPOL surveillance Ӡthe Mobile INTERPOL Network Database (MIND) and the Fixed INTERPOL Network Database (FIND) Ӡplayed in the War on Terror since its inception in 2005. MIND/FIND surveillance allows countries to screen people and documents...

In this paper we study the effect of population age distribution upon private consumption expenditure in Spain from 1964 to 1997 using aggregate data. We obtain four main results. First, changes in the population pyramid have substantial effects upon the behaviour of private consumption. Second,...

This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the comovements between the Fed funds rate and the primary deficit/output ratio. Simple economic thinking establishes that a negative correlation between Fed rate and deficit arises whenever...

Also published as Working Paper DFAEII 2009-05 and as an article in: Games and Economic Behavior, 2010, vol. 69, issue 2, pages 249-257.

We model the Spanish wholesale market as a multiplant linear supply function competition model. According to the theory, the larger generators should have supply curves for each plant which are to the left of the supply curves of plants owned by smaller generators. We test this prediction for...

This paper analyzes whether a minimum wage can be an optimal redistribution policy when distorting taxes and lump-sum transfers are also available in a competitive economy. We build a static general equilibrium model with a Ramsey planner making decisions on taxes, transfers, and minimum wage...

This paper considers the basic present value model of interest rates under rational expectations with two additional features. First, following McCallum (1994), the model assumes a policy reaction function where changes in the short-term interest rate are determined by the long-short spread....

Published as an article in: Journal of Population Economics, 2004, vol. 17, issue 1, pages 1-16.