: El objetivo del presente trabajo es analizar si es posible localizar efecto herding entre los inversores durante la reciente crisis financiera en el mercado de valores español. Partiendo de datos de frecuencia intradiaria para el periodo 2008-2009, se calcula la medida de la desviación...

The objective of the present study is to explain the fundamental changes experienced by agricultural trade in the second half of the XX century. The first of these was a progressive concentration of this trade among developed countries, while the second was a significant boom in agricultural...

El objetivo de este trabajo es analizar el impacto medioambiental de los hogares en una economía regional, incluyendo, no sólo el impacto directo, sino también el indirectamente generado a través de la producción de los bienes y servicios que demandan. Con este trabajo también se pretende...

This paper first identifies the determinants of spouses satisfaction levels within the household with respect to their leisure time and, secondly, characterizes whether their preferences have some degree of altruistic or egoistic character as regards this particular satisfaction. To than end, it...

We show that it is possible to estimate the cost of protection in terms of the trade loss for the protected country using a widely accepted and theory-based specification of the gravity model in combination with descriptive trade policy indicators. Data and implementation requirements are lower...

The concept of multicointegration allows to test the sustainability of public finances by assessing dynamic equilibrium relationships between flow and stock variables. This paper focus on the very long-run Spanish case, characterized by the more or less intensive use of monetization to offset...

An automatic monitoring and intervention algorithm that permits the supervision of very general aspects in an univariate linear gaussian state space model is proposed. The algorithm makes use of a model comparison and selection approach within a Bayesian framework. In addition, this algorithm...

Over the last decade we have witnessed an increasing process of globalisation in economic activity, in which the capital markets have inevitably been involved. Against this background, this paper presents a comparative study of the relevance of earnings and their components (operating, financial...

En este trabajo se propone la construcción de un indicador que permita llevar a cabo evaluaciones de la producción científica de manera neutra entre áreas, instituciones y/o autores. Para ello, y en consonancia con lo que se propone en la literatura, se emplearan los factores de impacto....

We model pre-euro Spanish monetary policy and use our findings to assess the compatibility of the interest rates set by the ECB since 1999 with Spanish macro-fundamentals. We find that in the 1990s Spain implemented successfully a monetary strategy tailored to its own domestic fundamentals; and...