This paper studies the probability of filling a vacancy, how it varies with the number of unemployed and number of vacancies in the local labor market, and what impact it has on employment. A greater availability of unemployed workers should make it easier for a firm to fill a vacancy but more...

La integración económica se encuentra reflejada en los crecientes intercambios de bienes, de capital financiero e inversión extranjera directa, hechos que han ocasionado una mayor sincronización de los ciclos económicos a nivel mundial. El artículo se introduce en el estudio de la...

Resumen:Los modelos de Equilibrio General Dinámico Estocástico (DSGE), parten de la teoría de equilibrio general aplicado que tiene influencia en la macroeconomía contemporánea. Su metodología explica los fenómenos económicos agregados, derivados de los principios microeconómicos y,...

This paper examines the macroeconomic implications of symmetric and asymmetric oil price and oil revenue shocks in Nigeria, using the Vector Autoregressive (VAR) estimation technique. The paper finds that both positive and negative oil price shocks influence real government expenditure only in...

Demographic change raises demand for non-tradable old-age related services relative to tradable commodities. This demand shift increases the relative price of non-tradables and thereby causes real exchange rates to appreciate. We claim that the change in demand affects prices via imperfect...

This paper examines how a universal social insurance program proposed for Mexico can respond to cyclical variations in revenue while remaining selffinancing. More specifically, it discusses the issues involved in setting up a stabilization fund that can accumulate surpluses when revenue is...

This paper analyses comovement in housing prices across the euro area. We use techniques based on the concepts of fractional integration and cointegration. Our results indicate that all the individual log-real price indices series display orders of integration which are above one, implying long...

Este documento de trabajo aborda la elección de una franquicia por un potencial franquiciado que abre un establecimiento por primera vez. El objetivo es analizar la relación entre las señales de la marca y el precio enviadas por el franquiciador y la elección de una enseña por el potencial...

Over the 2005-2013 timeframe, the wheat world market has witnessed an upward trend of quotations at the main stock exchanges in the United States and Europe, while all other agricultural raw materials have seen fluctuations in prices, caused by the global economic crisis. An important influence...