En este artículo cuantificamos las consecuencias para la economía española de subir los tipos del Impuesto sobre el Valor Añadido (IVA). Con este fin comparamos los resultados de dos modelos econímicos: un modelo de crecimiento neoclásico tradicional con un hogar y una empresa...

This paper studies the recent evolution of the Spanish economy in the context of the developments of the world economy and presents a benchmark model with …nancial frictions to assess the sources of these ‡uctuations. We pay particular attention to the comparison with the United States and...

What is the meaning of green shoots? In this paper we provide a statistical definition of this term which allows us to analyze where, when and how the recovery started. With the same methodology, we coform that the symptoms of recovery are clear in the US, the Euro area and Spain with some...

This paper describes a quantitative model developed to account for the change in the level of house prices (boom-and-bust cycle) in Spain. The driving forces behind the housing boom are residential investment, immigration, current account deficits, and the elimination of land regulation. The...

We study the dynamic support for fiscal decentralization in a political agency model from the perspective of a region. We show that corruption opportunities are lower under centralization at each period of time. However, centralization makes more difficult for citizens to detect corrupt...

This paper presents new evidence on the evolution of adult height across Spanish regions for cohorts born between 1950 and 1980 using the available augmented sample of the European Community Household Panel (ECHP) for Spain. This augmented sample is available only for the year 2000, and collects...

Las Redes de Nueva Generación (Next Generation Networks, NGNs) basadas en fibra óptica están revolucionando el sector de las telecomunicaciones. Reemplazar el cobre por fibra permitirá mejorar drásticamente las prestaciones de las redes actuales, alcanzando velocidades de acceso de más de...

Many factors inhibiting and facilitating economic growth have been suggested. Can agnostics rely on international income data to tell them which matter? We find that agnostic priors lead to conclusions that are sensitive to differences across available income estimates. For example, the PWT 6.2...

We empirically assess the role of environmental conditions at birth, namely, infant mortality (IMR), GDP per capita and income inequality in the year of birth in explaining average adult height for cohorts born between 1950 and 1980 in 20 Brazilian states. We find that there is a strong positive...

This paper examines factors determining airport charges. Using data for 100 large airports in Europe, we find that they charge higher prices when they move more passengers. Additionally, competition from other transport modes and nearby airports imposes some discipline on the pricing behavior of...