We use a small open economy general equilibrium model to analyse the effects of a fiscal devaluation in EMU. The model has been calibrated for the Spanish economy, that is a good example of the advantages of a change in the tax mix, given that its tax system shows a positive bias in the ratio of...

This paper shows that the variation in the world export share and the internationalisation process that the Spanish economy has experienced since the establishment of EMU have been determined by a broad set of factors that go beyond the evolution of international relative prices....

This paper describes the construction of series of educational attainment of the adult population in a sample of 21 OECD countries covering the period 1960-2010. These series are a revised version of the data set described in de la Fuente and Domenech (2002).

Tras el intento de recuperacion economica de 2010 y principios de 2011, la economia espanola ha vuelto a la recesion. La crisis de deuda soberana en Europa, la perdida de confianza y las elevadas tensiones financieras situan a la economía espanola al borde de una severa restriccion...

In this paper we present a preliminary estimate of the financial impact of the recent reform of the Spanish pension system. After updating the projections of pension expenditure constructed in de la Fuente and Domenech (2010) for the period 2008-60, we analyze the impact on this variable of...

Using a broad number of indicators from an updated data set on human capital inequality for 146 countries from 1950 to 2010, this paper documents several facts regarding the evolution of income and human capital inequality. The main findings reveal that, in spite of a large reduction in human...

En este trabajo se muestra que, desde la incorporacion a la UEM, la evolucion de la cuota exportadora de Espana en el comercio mundial y, por lo tanto, su proceso de internacionalizacion han venido determinados por un amplio conjunto de variables, que van mucho mas alla de la evolucion de los...

En este trabajo se analizan los efectos de los sistemas de pensiones de reparto y capitalizacion sobre el bienestar social. En concreto, el debate sobre la eleccion entre sistemas de pensiones alternativos se centra en la comparacion de su rentabilidad interna, los efectos sobre el ahorro, la...

In a panel study of firm-level data from Spanish manufacturers, we show that reducing anti-competitive regulation in the provision of upstream services has a positive and sizeable effect on the volume of exports of downstream firms. Our estimates indicate that deregulation is very beneficial for...