Resumen El objetivo principal de esta investigación es evaluar la relación de largo plazo entre el consumo de energía y el PIB para algunos países de América Latina en el periodo 1980 - 2009. La estimación se realiza con la metodología de datos panel no estacionarios, usando como forma de...

El artículo analiza la dinámica de la migración en el continente americano desde 1960 a 2005 empleando un enfoque de desequilibrio como el propuesto por Sjaastad (1969) y Todaro (1969). Mediante técnicas recientes de econometría espacial se evalúan los flujos migratorios, controlando por...

Este artículo examina el impacto de la globalización financiera sobre el desarrollo financiero en América Latina. Se elabora una prueba empírica con nuevos indicadores de globalización y desarrollo financieros, más cercanos al marco teórico y conceptual, y se emplea un modelo de datos de...

This paper estimates local fiscal multipliers for green and non-green public works in Italian provinces, and disentangles the geographic and institutional heterogeneities behind them. I construct a fiscal shock by taking the variation of the difference between actual and budgeted spending, and I...

Critics protest loudly against restrictions imposed by politicians during the COVID-19 pandemic in Germany: Mandatory masks, lockdowns, school and business closures. This paper examines (1) the extent to which these policies have indirectly contributed to limiting the number of COVID-19 cases...

Critics protest loudly against restrictions imposed by politicians during the COVID-19 pandemic in Germany: Mandatory masks, lockdowns, school and business closures. This paper examines (1) the extent to which these policies have indirectly contributed to limiting the number of COVID-19 cases...

This paper estimates local fiscal multipliers for green and non-green public works in Italian provinces, and disentangles the geographic and institutional heterogeneities behind them. I construct a fiscal shock by taking the variation of the difference between actual and budgeted spending, and I...

This paper examines the impact of transition and physical climate risk on stock markets using, for the first time in this context, the annual CCPI index calculated by Germanwatch as well as its components (in addition to a wide range of other indices) for 48 countries from 2007 to 2023....

Banking regulation invites banks to gamble when buying government bonds that regulators consider to be risk-free. The adverse effects on financial stability are known. In turn, this study shows that governments have an incentive to use banking regulation in order to enhance their fiscal...

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon, we introduce an index of geopolitical fragmentation derived from various empirical indicators. This index is developed using a flexible dynamic factor model with time-varying...