In this paper I present a proposal to obtain appropriate initial conditions when solving general equilibrium rational expectations models with the Parameterized Expectations Algorithm. The proposal is based on a log-linear approximation to the model under study, so that it can be though of as a...

This paper studies Nash implementation when the outcomes of the mechanism can be renegotiated among the agents but the planner does not know the renegotiation function that they will use. We characterize the social objectives that can be implemented in Nash equilibrium when the same mechanism...

In efficiency analysis by means of a stochastic frontier production function, the composite error variable includes the inefficiency component. For this reason, individual prediction cannot be made directly from an estimation of the error in the model. In order to solve this problem, Jondrow et...

We use a Computable General Equilibrium model to simulate the effects of an Environmental Tax Reform in a regional economy (Andalusia, Spain). The reform involves imposing a tax on CO2 or SO2 emissions and reducing either the Income Tax or the payroll tax of employers to Social Security, and...

From the classical gold standard up to the current ERM2 arrangement of the European Union, target zones have been a widely used exchange regime in contemporary history. This paper presents a benchmark model that rationalizes the choice of target zones over the rest of regimes: the fixed rate,...

This paper analyzes the relationship between inflation and relative price variability, in the direction of the latter, in two countries with very different inflationary experiences: Argentina and Spain. To address this objective, using disaggregated price indexes (Wholesale Price Index for...

En este trabajo se presenta un análisis de la gestión de residuos sólidos urbanos desde una perspectiva económica. Se profundiza en los fallos de mercado que produce la generación y la gestión de los residuos y se discuten los principales instrumentos de política que se pueden utilizar...

In our piece of work we are facing a two-fold problem: on the one hand, we study the behaviour of job seekers and the extent to which reservation wages and unemployment benefits play a relevant role in the transition into working life. On the other hand, we intend to find out whether the...

This paper studies the impact of public provision of education on the distribution of income in a framework where parents are altruistic toward children. Any child receives two transfers, one as a non-human transfer and the other as a human capital transfer. Under different education regimes,...

This paper studies the provision of public inputs in a federal system. A vertical tax externality is also considered. A simple general equilibrium model is used to analyze the efficiency of the equilibria under different scenarios. The results show that the state provision of public inputs may...