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Empirical evidence on the expectations hypothesis of the term structure is in-conclusive and its validity widely debated. Using a cointegrated VAR model of US treasury yields, this paper extends a common approach to test the theory. If, as we find, spreads between two yields are non-stationary,...
Persistent link: https://www.econbiz.de/10010298612
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects …
Persistent link: https://www.econbiz.de/10011994631
in Spain are also influenced by distinctive regional and local political economic arrangements. Key factors contributing … und sozialer Anpassung in Spanien auch durch verschiedene regionale und lokale politische und wirtschaftliche Arrangements …
Persistent link: https://www.econbiz.de/10012297186
Persistent link: https://www.econbiz.de/10011696481
Persistent link: https://www.econbiz.de/10011696658
-lasting health, social and financial burdens. The aim of this project is to assess the efficiency of the antipsychotics used in Spain … people living in Spain with schizophrenia. The transition probabilities for assessed therapies were obtained from the … haloperidol in Spain. It is worthwhile to highlight that schizophrenia is a highly incapacitating disease and choosing the most …
Persistent link: https://www.econbiz.de/10010317175
The aim of this paper is to analyse how female migrants fare in the Spanish labour market, a country that has experienced impressive immigration flows during the last decade. Particularly, we explore the differential access to employment and the earning gap faced by this group, considering the...
Persistent link: https://www.econbiz.de/10011538733
In this paper, we elaborate on an idea initially developed by Weitzman (1998) that justifies taking the lowest possible discount rate for far-distant future cash flows. His argument relies on the arbitrary assumption that when the future rate of return of capital (RRC) is uncertain, one should...
Persistent link: https://www.econbiz.de/10010298643
Der seit der Finanzkrise steile Anstieg der Zinsdifferenzen zwischen europäischen Staatsanleihen bringt mehrere Mitgliedsländer der europäischen Währungsunion (EWU) unter erhebliche Refinanzierungsschwierigkeiten und wirft die Frage nach den Ursachen auf. Dieser Bericht fasst die Ergebnisse...
Persistent link: https://www.econbiz.de/10011602283
This study aims to examine the determinants of the MIR interest rate in the Euro area for the period 2003Q1-2015Q3. By employing Fixed and Random Effects as econometric methodologies, I examine whether the MIR rate is affected by the following macroeconomic factors: unemployment rate, inflation...
Persistent link: https://www.econbiz.de/10014558537